18508 Torrence Avenue Lansing, IL ^$ 475,000

18508 Torrence Avenue

^$ 475,000

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18508 Torrence Avenue

Lansing, IL, 60438

^$ 475,000

Bedrooms7 Baths4.0

Monthly Estimate*

^$ 2,963

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Multi-Family Home for sale in Lansing, IL

for $475,000 with 7 bedrooms and 4 full baths. This home was built in 1962 on a lot size of 0.14.

@@@ 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

Multi-Family Pending

Price

^$ 475,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 15,483

Style

Lot Size

0.14

Year Built

1962

Town/City

Lansing

County/Region

Cook

MLS | Web ID

12491698

Features

General

Sewer Public Sewer

Heating Natural Gas Forced Air

Possession Closing Immediate

Construction Materials Brick

Year Built 1962

Township Bloom

Tax Year 2023

Ownership Fee Simple

Gross Income 64800

County Cook

Net Operating Income 20400

Insurance Expense 3255

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 20

Status Pending

Directions Head South on Torrence Ave from the I-80/94 turn right into the parking lot

City Lansing

High School District 215

MLS Area Lansing

Tax Annual Amount 15483

Electric Expense 360

Trash Expense 1080

Water Sewer Expense 860

Standard Status Pending

Middle/Junior School District 158

Elementary School District 158

Interior

Basement Partially Finished Partial

Total Bedrooms 7

Total Baths 4

Bedrooms Possible 7

Full Baths Building 4

Half Baths Building 0

Total Number of Units 4

Exterior

Parking Features Assigned Yes Owned

Water Source Lake Michigan Public

Total Parking 8

Lot Dimensions 6375 SQ FT

Lot Size Acres 0.14

Waterfront Y/N N

* Excluded Features

List By

Pearson Realty Group

Broker

ericw0414@gmail.com;eric@pearsonrealtygroup.com

Affordability Calculator

$4,254

Per Month

Monthly Principal & Interest: $2,963
Monthly Property Taxes: $1,290
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lansing, IL

Average List Price ^$427,475

Percent of Sale Price 10%

About Lansing, IL

27,864 Population

-1% Since 2002

^$48,835 Median Income

39.21 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566649 Elementary School

567574 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/13/2025	$475,000		Listed Price

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18508 Torrence Avenue, Lansing, IL, 60438 is a Multi-Family Home for sale at $475,000 with a lot size of 0.14. 18508 Torrence Avenue has 7 bedrooms, 4.0 baths, and was built in 1962. The property's zip code is 60438 which is in Lansing, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 12/16/2025.

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18508 Torrence Avenue

Multi-Family Home for sale in Lansing, IL

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