18707 Burnham Avenue Lansing, IL $ 385,000
18707 Burnham Avenue
$ 385,000
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18707 Burnham Avenue

Lansing, IL, 60438
$ 385,000
Bedrooms-- Baths-- Sq 4,036

Monthly Estimate*

$ 2,659

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Commercial Property for sale in Lansing, IL

for $385,000. This 4,036 square foot building was built in 1982 on a lot size of 0.286961.

FANTASTIC INVESTMENT OPPORTUNITY IN LANSING! Welcome to 18707 Burnham Avenue, a versatile mixed-use property offering both residential and commercial rental income! This property features two residential apartments upstairs and two professional office spaces on the main level, providing four income-producing units under one roof. With three established, long-term tenants, this property offers an attractive opportunity for investors looking to expand their portfolio. Adding to its investment appeal, current tenants have been made aware of potential rental adjustments under new ownership, creating an opportunity for future income growth, subject to existing lease agreements and applicable laws. Conveniently located near shopping, dining, and major roadways, this property combines an established rental history with exciting future possibilities. Whether you're a seasoned investor or just beginning to build your portfolio, this is an opportunity worth exploring! Schedule your private showing today and discover the potential!

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Commercial Active

Price

$ 385,000

Property Type

Commercial

Taxes

$ 13,022

Style

Lot Size

0.286961

Year Built

1982

Town/City

Lansing

County/Region

Cook

MLS | Web ID

12797776

Features
General
Cooling Window Unit(s)
Possession Negotiable
Roof Composition
Zoning COMMR
Construction Materials Concrete Brick
Year Built 1982
Electric Service - 0 to 100 Amps
Tenant Pays Electricity
Stories Count 2
Township Thornton
Property Subtype Mixed Use
Tax Year 2025
Gross Income 37500
County Cook
Net Operating Income 17753
Operating Expense 19747
Insurance Expense 4202
Property Type Commercial Sale Mixed Use
Status New
Directions Follow I-65 N and I-80 W/I-94 W/US-6 W to Calumet Ave in Hammond. Take exit 1 from I-80 W/I-94 W/US-6 W Continue on Calumet Ave to your destination in Lansing Building is on the right.
City Lansing
Number Of Units Total 4
MLS Area Lansing
Lot Size Square Feet 12500
Tax Annual Amount 13022
Electric Expense 0
Fuel Expense 343
Trash Expense 908
Water Sewer Expense 622
Additional Parcels Y/N N
Standard Status Active
Cap Rate 4.61
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 4036
Lot Dimensions 112x111
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* Excluded Features
List By
Better Homes & Gardens Real Estate

Broker

kelleysellsdreamhomes@gmail.com

Email

Affordability Calculator

$3,744
Per Month
71%
29%
0%
Monthly Principal & Interest
$2,659
Monthly Property Taxes
$1,085
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/30/2026$385,000 Listed Price

Map


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18707 Burnham Avenue, Lansing, IL, 60438 is a Commercial Property for sale at $385,000 with 4,036 sqft and a lot size of 0.286961. 18707 Burnham Avenue was built in 1982. The property's zip code is 60438 which is in Lansing, IL