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About this home
Excellent investment opportunity in the heart of Lansing! This well-maintained 4-unit building features three spacious 1-bedroom units and one 2-bedroom unit, offering strong rental potential and steady income opportunities. The property includes a total of 11 rooms, 5 bedrooms, and 4 full baths, providing comfortable living spaces for tenants. Conveniently located near shopping, dining, major highways, and public transportation. Whether you're expanding your portfolio or looking to owner-occupy while generating rental income, this multi-unit property is full of potential. Don't miss this opportunity to own a solid income-producing property in a desirable location!
Great investment property, live in one and rent out three, or rent all for most potential return. Solid brick building at great location, close to expressway, walking distance to shopping, park, forest preserve and public transportation. Newer roof (7 years), potential ROI over 15%. parking in the back of building, spacious units and common area, about 2563 sqft total according to the owner. priced to sell fast, not a short sale or foreclosure, but property will be sold as is.
Public Records
Jul 5, 2017
Sold
$120,000
MRED as Distributed by MLS Grid #09622792
Jun 27, 2017
Sold (MLS) (Closed Sale)
$119,900
May 16, 2017
Contingent
—
May 10, 2017
Listed (New)
$119,909
Public Records
Aug 23, 1991
Sold
$40,000
Public Records
Aug 1, 1991
Sold
$144,000
Year
Property tax
Land + Additions
Assessment*
2023
$12,096 (+21.7%)
$2,552 + $22,448
$25,000
2022
$9,939 (+2.8%)
$2,204 + $13,089
$15,293
2021
$9,668 (+7.8%)
$2,204 + $13,089
$15,293
2020
$8,972 (−9.6%)
$2,204 + $13,089
$15,293
2019
$9,928 (+1.9%)
$1,856 + $15,583
$17,439
2018
$9,744 (−1.0%)
$1,856 + $15,583
$17,439
2017
$9,839 (+8.6%)
$1,856 + $15,583
$17,439
2016
$9,062 (+7.6%)
$1,740 + $14,834
$16,574
2015
$8,420 (+1.4%)
$1,740 + $14,834
$16,574
2014
$8,304 (−7.4%)
$1,740 + $14,834
$16,574
2013
$8,965 (+7.6%)
$1,740 + $18,172
$19,912
2012
$8,335 (+7.0%)
$1,740 + $18,172
$19,912
2011
$7,791 (+21.2%)
$1,740 + $18,172
$19,912
2010
$6,430 (−9.7%)
$1,740 + $15,096
$16,836
2009
$7,118 (+2.7%)
$1,740 + $17,352
$19,092
2008
$6,932 (+35.2%)
$2,784 + $18,884
$21,668
2007
$5,126
$2,598 + $13,352
$15,950
Public record
Public record
Zoning
Beds
5
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
4,640 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,563
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,563
Year built
1962
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
30313140580000
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
0.46% 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
Minor risk of severe winds over 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
79
58
68
48
51
37
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Lansing. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 18425 Torrence Ave
$249,381
$619 under list price of $250K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $205K to $271K.