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    18508 Torrence Avenue

    Lansing, IL 60438
    • $295,000
    • STATUS: Active Under Contract
    • ON SITE: 36 days
    • MLS #: 11078829
    Under Contract
    UPDATED: 61 min ago
    $295,000
    • 7
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    School District:
    158

    Description

    Fully Rehabbed 4 Unit Building on Torrence Ave, 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. Land Lord Pays Water & Garbage. Laundry Income Coin Collected. 2 BD 1 BA $875 2 BD 1 BA $925 2 BD 1 BA $900 1 Bed1 BA $840 Real Estate Taxes $13,762 Insurance $2,000 Water/Sewer $1,400 Common Area Electric $280 Gas $360 Landscaping/Snow $950 Trash Removal $984 Repairs & Maintenance $1,250 Total Expenses $20,986 NOI $22,744 Price $295,000 Cap Rate 7.71% Major Upside On Rents

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-12T06:56:36.633 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    18508 Torrence Avenue Lansing, IL 60438

    • Price: $295,000
    • Status: Active Under Contract
    • Updated: 61 min ago
    • MLS #: 11078829
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1962
    Built
    Neighborhood:
    Lansing
    County:
    Cook
    Area:
    Lansing
    School District:
    158
    Property Description
    Fully Rehabbed 4 Unit Building on Torrence Ave, 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. Land Lord Pays Water & Garbage. Laundry Income Coin Collected. 2 BD 1 BA $875 2 BD 1 BA $925 2 BD 1 BA $900 1 Bed1 BA $840 Real Estate Taxes $13,762 Insurance $2,000 Water/Sewer $1,400 Common Area Electric $280 Gas $360 Landscaping/Snow $950 Trash Removal $984 Repairs & Maintenance $1,250 Total Expenses $20,986 NOI $22,744 Price $295,000 Cap Rate 7.71% Major Upside On Rents
    Exterior Features

    Exterior Building Type Brick Number Of Cars 8 Parking Space/S Parking On Site Yes Parking Ownership Owned Parking Total 8 Unit1 Floor Level 1 Unit2 Floor Level 1 Unit3 Floor Level 2 Unit4 Floor Level 2 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building No Appliances Features Unit1 StoveRefrigeratorMicrowaveWindow Air ConditionerOven/Built-In Appliances Features Unit2 StoveRefrigeratorMicrowaveWindow Air ConditionerOven/Built-In Appliances Features Unit3 StoveRefrigeratorMicrowaveWindow Air ConditionerOven/Built-In Appliances Features Unit4 StoveRefrigeratorMicrowaveWindow Air ConditionerOven/Built-In Basement Partial Basement Bathrooms YN No Basement Description Partially Finished Bathrooms Total Integer 4 Bedrooms Below Grade 0 Bedrooms Possible 7 Full Baths In Building 4 Full Baths In Unit1 1 Full Baths In Unit2 1 Full Baths In Unit3 1 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating Natural Gas Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 1 Number Of Rooms Unit1 5 Number Of Rooms Unit2 5 Number Of Rooms Unit3 5 Number Of Rooms Unit4 5 Rooms Total 20

    Property Features

    Age Description 51-60 Years Built Before1978 YN Yes Corporate Limits Lansing General Information Commuter Bus Lease Exp Date Mo Yr Unit1 Yr Lease Exp Date Mo Yr Unit2 Yr Lease Exp Date Mo Yr Unit3 Yr Lease Exp Date Mo Yr Unit4 Yr Lot Size Less Than .25 Acre Lot Size Dimensions 6375 SQ FT New Construction YN No Property Sub Type 4 Flat Rebuilt YN No Rehab Year 2019 Rehab YN Yes Security Deposit Unit1 875 Security Deposit Unit2 925 Security Deposit Unit3 900 Security Deposit Unit4 840 Sewer Public Sewer Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 12511.96 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Tenant Pays Unit4 ElectricGasHeat Unit1 Rent 875 Unit2 Rent 925 Unit3 Rent 900 Unit4 Rent 840 Water Source Lake Michigan

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Horvath & Tremblay IL, Llc.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-12T06:56:36.633 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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