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About this home
BACK ON THE MARKET... due to the previous buyer being unable to complete the transaction. Seller has addressed all items identified during the prior inspection. Property is ready for a new buyer and presents a solid investment opportunity. This four-unit investment property in Lansing offers an excellent opportunity for an investor looking to expand their portfolio or an owner-occupant seeking the benefits of rental income. The property is fully occupied and well maintained, providing immediate rental income. Each of the four units features two generously sized bedrooms and one bath. It also includes six exterior parking spaces, a valuable convenience. An unfinished basement provides additional space and potential for tenant storage or other permitted uses, adding further versatility. Conveniently located in Lansing, a well-established south suburban community with parks, amenities, and access to the greater Chicago area. The property combines location, functionality, and income-producing potential/rents are low for the area. With fully occupied units, and valuable features, this four-unit building is ready for its next owner. Bring your buyer and take a closer look - this may be the investment opportunity they've been waiting for!
Great opportunity on this 4 unit building. It offers approximately 3,430 square feet of living space with 8 bedrooms and 4 bathrooms. Very Good floor plans. Basement can be used for extra storage. Built in 1965,ALL REPAIRS AND ENHANCEMENTS are done. all 2 br units, with comfortable room sizes and refinished floors, mostly hardwood floors, each unit can be rented at $ 1200. all units are vacant now and listed for rent in mls
MRED as Distributed by MLS Grid #10542416
Jan 14, 2020
Sold (MLS) (Closed Sale)
$175,137
Nov 14, 2019
Pending
—
Oct 26, 2019
Price Changed
$199,700
Oct 25, 2019
Listing Removed
—
Oct 25, 2019
Relisted (Reactivated)
—
Oct 9, 2019
Listed (New)
$202,500
Oct 9, 2019
Listing Removed
—
Public Records
Nov 1, 1986
Sold
$140,000
Year
Property tax
Land + Additions
Assessment*
2023
$15,483 (+41.5%)
$4,285 + $27,716
$32,001
2022
$10,938 (+2.8%)
$3,700 + $13,130
$16,830
2021
$10,639 (+7.7%)
$3,700 + $13,130
$16,830
2020
$9,874 (−30.5%)
$3,700 + $13,130
$16,830
2019
$14,217 (+1.9%)
$3,116 + $21,856
$24,972
2018
$13,954 (−1.0%)
$3,116 + $21,856
$24,972
2017
$14,090 (+20.3%)
$3,116 + $21,856
$24,972
2016
$11,710 (+7.6%)
$2,921 + $18,495
$21,416
2015
$10,880 (+1.4%)
$2,921 + $18,495
$21,416
2014
$10,730 (−1.6%)
$2,921 + $18,495
$21,416
2013
$10,899 (+7.6%)
$2,921 + $21,285
$24,206
2012
$10,132 (+7.0%)
$2,921 + $21,285
$24,206
2011
$9,471 (+0.7%)
$2,921 + $21,285
$24,206
2010
$9,403 (+2.4%)
$2,921 + $21,701
$24,622
2009
$9,179 (+10.7%)
$2,921 + $21,701
$24,622
2008
$8,292 (+8.7%)
$4,673 + $21,245
$25,918
2007
$7,629
$4,673 + $19,066
$23,739
Public record
Public record
Zoning
Beds
6
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
7,790 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,430
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,430
Year built
1964
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
29364040320000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 17, 2026.
R4
General Residence District
The purpose of the R4 general residential district is to provide for, and preserve, the quality of higher density residential development that promotes the efficient use of land and infrastructure and provides for a variety of housing types and styles where such development is compatible with adjacent uses. The R4 district also provides for limited public and institutional uses that are compatible with surrounding residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Lansing, IL • 60438
Average low and high temperatures (°F)
30
16
39
23
55
34
62
43
68
49
81
63
86
69
82
64
78
57
68
48
51
37
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 7% for direct sun exposure in Lansing. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 18207 Locust St
$428,706
$1,294 under list price of $430K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $219K to $430K.