Closed

$425,000

18514 Torrence Avenue, Lansing, IL 60438
7 Beds4 Baths49 days
18514 Torrence Avenue·Lansing, IL 60438
7Bedrooms
4Bathrooms
1963Year Built
About This Home

INVESTMENT OPPORTUNITY - SOLID BRICK 4 UNIT - Rarely available 4 unit with THREE-2 bedroom/1 bath units (all rented) and ONE-1 bedroom/1 bath unit (vacant). Perfect investment opportunity to live in 1 unit, while tenants pay your mortgage. OR rent all 4 & simply add to your portfolio. Tenants pay their own gas & electric (landlord pays water). Each unit has its OWN water heater & separate furnace, as well as a stove & fridge. Solar powered security cameras on front & back included; parking includes 4 dedicated spots; one per unit. Three of the 4 units have been refreshed in the last 4 years (new toilets, paint, flooring etc). Ideal location just south of 80-94. Taxes currently reflect zero exemptions. Don't let this investment opportunity pass you by; the neighboring 4-unit sold in just 4 days at this price!

MLS# 12426672Listed July 30, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms15

Size & Structure

Year Built1963
Lot Size51X125

Location

CountyCook
TownshipThornton
Zip Code60438

Financial

List Price$425,000
Annual Taxes (2023)$14,031
Monthly Tax Est.$1,169
Parcel #29364020850000
Interior Features

Heating

Natural GasForced Air

Basement

None
Exterior & Lot

Construction

Brick

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Parking LotOn SiteOwned
HOA & Community

Community Features

SidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$14,031
Tax Year 2023
Monthly Tax Est.
$1,169
per month
Property Location

18514 Torrence Avenue, Lansing, IL 60438 — Cook County

$425,000
18514 Torrence Avenue
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
49 days on market
51X125
$14,031/yr taxes
$3,403
estimated monthly payment
Principal & Interest
$2,234/mo
Property Tax
$1,169/mo
$425,000
20% — $85,000
3%50%
6.875%
3%12%
Loan Amount
$340,000
Down Payment
$85,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Re/Max 10
Agent: Cara Dulaitis
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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