18508 Torrence Avenue
Lansing, IL 60438
- 7 beds
- 4 baths
- – sqft
- 6,098 sqft lot
- 1962 build
- – on site
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Fully Rehabbed 4 Unit Building on Torrence Ave, 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. Land Lord Pays Water & Garbage. Laundry Income Coin Collected. 2 BD 1 BA $875 2 BD 1 BA $925 2 BD 1 BA $900 1 Bed1 BA $840 Real Estate Taxes $13,762 Insurance $2,000 Water/Sewer $1,400 Common Area Electric $280 Gas $360 Landscaping/Snow $950 Trash Removal $984 Repairs & Maintenance $1,250 Total Expenses $20,986 NOI $22,744 Price $295,000 Cap Rate 7.71% Major Upside On Rents
Listing courtesy of MRED / Horvath & Tremblay IL, LLC as distributed by MLS GRID
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Last updated Apr 21, 2024
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MLS# 11078829 —
Walk Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/21/21
Jul 21, 2021
|
Sold | MRED | $267,400 | -9.4% |
5/10/21
May 10, 2021
|
Sold Subject To Contingencies | MRED | $295,000 | |
5/6/21
May 6, 2021
|
Listed / Active | MRED | $295,000 | 96.7% (9.1% / YR) |