18408 Torrence Avenue Lansing, IL ^$ 529,000

18408 Torrence Avenue

^$ 529,000

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Recently Listed

18408 Torrence Avenue

Lansing, IL, 60438

^$ 529,000

Bedrooms3 Baths0.0 Sq 3,926

Monthly Estimate*

^$ 3,340

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Multi-Family Home for sale in Lansing, IL

for $529,000 with 3 bedrooms. This 3,926 square foot home was built in 1959 on a lot size of 0.2.

Here is your chance to own a fully stabilized, cash-flowing 5 unit building in Lansing. This expansive property features five (5) units.

Multi-Family Active

Price

^$ 529,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 16,996

Style

Lot Size

0.2

Year Built

1959

Town/City

Lansing

County/Region

Cook

MLS | Web ID

12722598

Features

General

Cooling Window Unit(s)

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1959

Electric Circuit Breakers

Tenant Pays Electricity

Stories Count 2

Tax Year 2024

Gross Income 62112

County Cook

Net Operating Income 21215

Operating Expense 26162

Insurance Expense 3412

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 0

Status Active

Directions 294 Exit Torrence Ave. West of 294 expressway to property.

City Lansing

Number Of Units Total 5

MLS Area Lansing

Lot Size Square Feet 8750

Tax Annual Amount 16996

Electric Expense 489

Fuel Expense 4425

Trash Expense 840

Water Sewer Expense 1239

Additional Parcels Y/N N

Standard Status Active

Interior

Basement Finished

Exterior

Building Area Total 3926

Lot Dimensions 8750

Lot Size Acres 0.2

* Excluded Features

List By

Century 21 Circle

Broker

alonso.reyes@c21circle.com

Affordability Calculator

$4,756

Per Month

Monthly Principal & Interest: $3,340
Monthly Property Taxes: $1,416
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$601,885

Percent of Sale Price 14%

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
8/8/2026	$529,000		Listed Price

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18408 Torrence Avenue, Lansing, IL, 60438 is a Multi-Family Home for sale at $529,000 with 3,926 sqft and a lot size of 0.2. 18408 Torrence Avenue has 3 bedrooms, 0.0 baths, and was built in 1959. 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 6.49% 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 8/14/2026.

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18408 Torrence Avenue

Multi-Family Home for sale in Lansing, IL

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