@@@ Must See @@@ Fully Updated Beautiful Brick 4 Unit Building on historic Torrence Ave. This beauty offers New Roof, Gutters, Windows, Kitchen, Baths, Hot water Tanks & Furnaces. Each Unit Has an Individual Forced Air Gas Furnace, and Individual Water Heaters. Tenants Pay Electric and Gas. There Is a Small Gas & Electric Bill for the Common Areas. Landlord Pays Water & Garbage. Laundry Income Coin Collected. Units are three 2 Bedroom 1 Bath and one 1 Bedroom 1 bath. 2 BD 1 BA $1400 the 1 Bedroom with 1 bath is $1200 total of $5400 a month in rental income before expenses. Units are well kept with solid long-term tenants. Seller motivated!!! Schedule your private showing today start earning instant income. Owner occupants welcomed. Showings Sunday's between 4pm - 5:30pm
Pending
$475,000
18508 Torrence Ave, Lansing, IL 60438
7beds
--sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$462,700 Zestimate®
$--/sqft
$-- HOA
What's special
Beautiful brickIndividual water heatersHot water tanksNew roof
- 68 days |
- 22 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: November 12, 2025 at 03:23pm
Listing courtesy of:
Eric White 773-332-6655,
Pearson Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 12491698
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Features
- Basement: Partially Finished,Partial
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Owned
Lot
- Size: 6,098.4 Square Feet
Details
- Parcel number: 29364020840000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $319,990
- Annual tax amount: $15,483
- Date on market: 10/13/2025
- Ownership: Fee Simple
Estimated market value
$462,700
$440,000 - $486,000
$1,775/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Pending sale | $475,000 |
Source:  MRED as distributed by MLS GRID #12491698 Report a problem | ||
| 10/13/2025 | Listed for sale | $475,000+77.6% |
Source: MRED as distributed by MLS GRID #12491698 Report a problem | ||
| 7/21/2021 | Sold | $267,400+78.3% |
Source: MRED as distributed by MLS GRID #11078829 Report a problem | ||
| 10/6/2010 | Sold | $150,000-56.5% |
Source: MRED as distributed by MLS GRID #07184624 Report a problem | ||
| 6/20/2006 | Sold | $345,000+40.8% |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $15,483 +51% | $31,999 +102.9% |
| 2022 | $10,250 +2.8% | $15,772 |
| 2021 | $9,970 +7.8% | $15,772 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,236/mo
Principal & interest
$2326
Property taxes
$744
Home insurance
$166
Climate risks
Neighborhood: 60438
Nearby schools
GreatSchools rating
- 5/10Oak Glen Elementary SchoolGrades: K-5Distance: 0.5 mi
- 3/10Memorial Jr High SchoolGrades: 6-8Distance: 0.5 mi
- 6/10Thornton Fractional South High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: 158
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading
