3061 BERNICE Road Lansing, IL ^$ 825,000

3061 BERNICE Road

^$ 825,000

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3061 BERNICE Road

Lansing, IL, 60438

^$ 825,000

Bedrooms16 Baths0.0

Monthly Estimate*

^$ 5,080

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Multi-Family Home for sale in Lansing, IL

for $825,000 with 16 bedrooms. This home was built in 1978.

Tremendous rehabbed 6 unit in an awesome apartment community! The current owners have fully renovated 15 of 18 units across this building and two others also available for sale individually or as a package (3045 and 3069 Bernice). Boasting $9700 of rental income and a complete tear off new roof this past year along with renovated units to modern standards, this is an unbeatable turnkey investment. Ownership has also installed electric heaters in the units to largely bypass the boilers (still installed but rarely kick on now) to much reduce the expenses. This complex also has a large parking lot with tons of spaces for tenants. This is an investor's dream given the 9%+ cash on cash at asking and turnkey condition.

Multi-Family Active

Price

^$ 825,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 21,996

Style

Multi-Family

Year Built

1978

Town/City

Lansing

County/Region

Cook

MLS | Web ID

12593035

Features

General

Cooling Wall Sleeve

Utilities Sewer Connected

Possession Closing

Year Built 1978

Electric Circuit Breakers Service - 0 to 100 Amps Power - 120V

Tenant Pays Air Conditioning Electricity

Stories Count 3

Township Thornton

Tax Year 2024

Current Use Multi-Family

Gross Income 9700

County Cook

Net Operating Income 67427

Operating Expense 44293

Insurance Expense 3708

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 3000

Possible Use Multi-Family

Status Active

Directions I-95/80 (KINGERY EXPRESSWAY) AND TORRENCE AVE TO BERNICE ROAD EAST TO ADDRESS.

City Lansing

Number Of Units Total 6

MLS Area Lansing

Tax Annual Amount 21996

Electric Expense 684

Fuel Expense 2664

Trash Expense 1584

Water Sewer Expense 1848

Additional Parcels Y/N N

Standard Status Active

Cap Rate 8.13

Interior

Basement None

Exterior

Water Source Community Water

Lot Dimensions 9256

Frontage Type City Street

* Excluded Features

List By

Exp Realty

Broker

michael.scanlon@exprealty.com

Affordability Calculator

$6,913

Per Month

Monthly Principal & Interest: $5,080
Monthly Property Taxes: $1,833
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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 ^$743,725

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.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/16/2026	$825,000		Listed Price

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3061 BERNICE Road, Lansing, IL, 60438 is a Multi-Family Home for sale at $825,000. 3061 BERNICE Road has 16 bedrooms, 0.0 baths, and was built in 1978. 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 6.25% 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 3/21/2026.

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3061 BERNICE Road

Multi-Family Home for sale in Lansing, IL

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