18514 Torrence Avenue, Lansing, IL 60438

Local realty services provided by:Better Homes and Gardens Real Estate Connections
18514 Torrence Avenue,Lansing, IL 60438
$425,000
  • 7 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:cara dulaitis
Office:re/max 10
MLS#:12426672
Source:MLSNI

Price summary

  • Price:$425,000

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!

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Home facts

  • Year built:1963
  • Listing Id #:12426672
  • Added:14 day(s) ago
  • Updated:August 13, 2025 at 09:40 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1963

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Tax amount:$14,031 (2023)
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