18514 Torrence Avenue, Lansing, IL 60438 - Photo 1

1/1

$410,000

Sold
Closed
Multi-Family
7 Total Beds

1/1

Property Description

INVESTMENT OPPORTUNITY - SOLID BRICK 4 UNIT - Rarely available 4 unit with THREE-2 bedroom/1 bath units (all rented) and ONE-1 bedroom/1 bath unit (vacant). Perfect investment opportunity to live in 1 unit, while tenants pay your mortgage. OR rent all 4 & simply add to your portfolio. Tenants pay their own gas & electric (landlord pays water). Each unit has its OWN water heater & separate furnace, as well as a stove & fridge. Solar powered security cameras on front & back included; parking includes 4 dedicated spots; one per unit. Three of the 4 units have been refreshed in the last 4 years (new toilets, paint, flooring etc). Ideal location just south of 80-94. Taxes currently reflect zero exemptions. Don't let this investment opportunity pass you by; the neighboring 4-unit sold in just 4 days at this price!

Full Property Details

Full Property Details for 18514 Torrence Ave

General

Sold For: $410,000
Taxes: $14,031 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12426672
Added to Site: 168 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 4

Bedrooms

Total Bedrooms: 7

Additional Information

Equipment: Ceiling Fan(s), Multiple Water Heaters, Security Cameras, Water Heater-Gas
Other Features: School Bus Service, Commuter Bus, Interstate Access

Parking

Total Spaces: 4
Parking Features: Parking Lot, On Site, Owned
Parking On-Site: Yes

Location

Area: Lansing
County: Cook
Driving Directions: From I 80 take Torrence south to property. Last building on the RIGHT side.

School Information

School District: 158
Midd School District: 158

Heating & Cooling

Heating Type: Natural Gas, Forced Air

Utilities

Water: Lake Michigan

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: None
Foundation: Concrete Perimeter
Roof: Asphalt
Windows: Screens
Year Built: 1963
Built Before 1978: Yes

Unit Information

Units in Building: 4

Manufactured Home

Model: 4 unit

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 51 x 125
Zoning: MULTI

Financial Considerations

Parking Included: Yes
Assessment Year: 1963
Tax Amount: $14,031.06
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 29364020850000

Listed by Re/Max 10
Sold by Real People Realty

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Schools

Schools serving 18514 Torrence Ave

School Districts:Lansing School District 158, Thornton Fractional Township High School District 215

Name	Grades	Distance
Oak Glen Elementary School 2101 182nd Street, Lansing, IL 60438	K-5	0.5 mi
Lester Crawl Primary Center 18300 Greenbay Avenue, Lansing, IL 60438	PK-1	0.9 mi
Memorial Jr High School 2721 Ridge Road, Lansing, IL 60438	6-8	0.5 mi
Thornton Fractnl So High School 18500 Burnham Avenue, Lansing, IL 60438	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 18514 Torrence Ave

Date

Details

Price

Change

Source

10/30/2025

Sold

$410,000

-3.53%

MLS

7/30/2025

Listed

$425,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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18514 Torrence Avenue, Lansing, IL 60438 (MLS# 12426672) is a Multi-Family property that was sold at $410,000 on October 30, 2025. Want to learn more about 18514 Torrence Avenue? Do you have questions about finding other Multi-Family real estate for sale in Lansing? You can browse all Lansing real estate or contact a Coldwell Banker agent to request more information.

18514 Torrence Ave Lansing, IL 60438