This charming 4-unit building, just off Lansing's bustling Torrence Avenue, offers a desirable mix of 1- bedroom and 2-bedroom units in a high-demand rental market served by quality Lansing schools. With low maintenance requirements, strong upside for rent increases, and exciting value-add potential, this property is ideal for a live-in owner seeking both comfort and cash flow. Just minutes from Chicago and Lake Michigan, it's the perfect place to call home - and earn passive income while you do.
Closed
$305,000
2427 Thornton Lansing Rd, Lansing, IL 60438
6beds
--sqft
Multi Family
Built in 1928
-- sqft lot
$306,200 Zestimate®
$--/sqft
$1,711 Estimated rent
Home value
$306,200
$276,000 - $340,000
$1,711/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 15, 2025 at 09:11am
Listing courtesy of:
Andrew Page 630-418-3093,
Ellsbury Group LLC
Bought with:
Lona Reiling
EXIT Strategy Realty
Source: MRED as distributed by MLS GRID,MLS#: 12427778
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 0.31 Acres
Details
- Parcel number: 30311110030000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1928
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lansing
Other
Other facts
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $305,000-3.2% |
Source:  MRED as distributed by MLS GRID #12427778 | ||
| 8/4/2025 | Pending sale | $315,000 |
Source: MRED as distributed by MLS GRID #12427778 | ||
| 7/23/2025 | Listed for sale | $315,000-3% |
Source: MRED as distributed by MLS GRID #12427778 | ||
| 7/7/2025 | Listing removed | $324,900 |
Source: MRED as distributed by MLS GRID #12352622 | ||
| 6/2/2025 | Price change | $324,900-4.4% |
Source: MRED as distributed by MLS GRID #12352622 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $12,580 +18.3% | $25,999 +59% |
| 2022 | $10,629 +2.8% | $16,355 |
| 2021 | $10,339 +7.7% | $16,355 |
Find assessor info on the county website
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: 1 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.
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$306,200
2% more+ $6,124
With Zillow Showcase(estimated)
$312,324