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$385,000 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for 18707 Burnham Ave
General
- Price: $385,000
- Taxes: $13,022 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12797776
- Updated: 10/30/2026
- Added to Site: 2 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: Lansing
- County: Cook
- Township: Thornton
- Driving 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.
- Location Details: South Suburban
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Electric
Utilities
- Trash: 908
Structural Information
- Construction: Concrete, Brick
- Exterior Const.: Concrete, Brick
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 4,036
- Year Built: 1982
Unit Information
- # Tenants: 3
Lot Features
- Lot Size (Sq. Ft.): 12,500
- Lot Dimensions: 112 x 111
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $4,202
- Operating Expenses: $19,747
- Other Fee: $1,000
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1982
- Tax Amount: $13,022
- Tax Year: 2025
- Tenant Pays: Electricity
- Pays Trash: 908
Disclosures and Reports
- Property ID: 33051000660000
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Schools
Schools serving 18707 Burnham Ave
School Districts:Sunnybrook School District 171, Thornton Fractional Township High School District 215
| Name | Grades | Distance |
|---|---|---|
Nathan Hale Elementary School, Lansing, IL 19055 Burnham Avenue, Lansing, IL 60438 | PK-4 | 0.4 mi |
Heritage Middle School, Lansing, IL 19250 Burnham Avenue, Lansing, IL 60438 | 5-8 | 0.7 mi |
Thornton Fractnl So High School 18500 Burnham Avenue, Lansing, IL 60438 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18707 Burnham Ave
Date
Details
Price
Change
Source
10/30/2026
Listed
$385,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 18707 Burnham Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,022
3%
$30,525
42%
2022
$12,622
4%
$21,500
—
2021
$12,167
9%
$21,500
2%
2020
$11,122
-9%
$21,000
-12%
2019
$12,281
3%
$23,754
—
2018
$11,945
2%
$23,754
—
2017
$11,694
17%
$23,754
14%
2016
$10,019
19%
$20,902
16%
2015
$8,385
-26%
$18,049
-28%
2014
$11,342
-10%
$24,996
-18%
2013
$12,616
3%
$30,646
—
2012
$12,268
—
$30,646
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 18707 Burnham Ave
18707 Burnham Avenue, Lansing, IL 60438 (MLS# 12797776) is a Commercial property. 18707 Burnham Avenue is currently listed for $385,000 and was received on October 30, 2026. Want to learn more about 18707 Burnham Avenue? Do you have questions about finding other Commercial real estate for sale in Lansing? You can browse all Lansing real estate or contact a Coldwell Banker agent to request more information.

