18059 Torrence Avenue, LANSING IL 60438 Photo 1
Listed by Michael Lepore of CENTURY 21 Affiliated 708-361-0800

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18059 Torrence Avenue - 8 Unit All Brick Apartment Building w/ 3 Store Fronts & 2 Rental Garages. Property is Fully Occupied, Located on Busy Torrance Ave. Located in Downtown Lansing. First Level is Commercial & Garage Rental w/ 2 Two Bedroom & 6 One Bedroom Apartments on the Second Level.

Listing information

  • MLS® ID: 08950275
  • Year Built: 1930
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $28,117
  • Property ID: 103855714
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Mixed Use
  • Stories: 1
  • Foreclosure: No

Features

Air Conditioning Central Air
Approximate Age 36-50 Years
Built Before 1978 (Y/N) Yes
Construction Brick
Electrical Service Circuit Breakers
Exterior Building Type Brick
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Actual
Geographic Locale South Suburban
Heat/Ventilation Central Bldg Heat, Hot Water
Information None
Misc Inside Elevator/s Freight, Storage Inside
Other # Of Apts - 8, # Of Offices - 0, # Of Units - 8, Approx Total Bldg Sq Ft - 5300, Electricity Expense - 3112, Expense Year - 2014, Fuel Expense - 7343, Gross Rent Multiplier - 4.47, Gross Rental Income $ - 10074, Insurance Expense - 7227, Net Oper Income $ - 14558, Net Operating Income Year - 2014, Other Expenses - 3855, Scavenger Expense - 1358, Tax Year - 2014, Total Annual Exp - 56977, Total Annual Income - 10740, Total Monthly Income - 8395, Township - Thornton, Water Expense - 3335, Zoning Type - Rtail
Outdoor Parking 19-30 Spaces
Potential Use Commercial, Other, Retail
Property Type Mixed Use
Roof Structure Flat
Tenant Pays Electric
Listed by Michael Lepore of CENTURY 21 Affiliated 708-361-0800