18446 TORRENCE Avenue, LANSING IL 60438 Photo 1 18446 TORRENCE Avenue, LANSING IL 60438 Photo 2 18446 TORRENCE Avenue, LANSING IL 60438 Photo 3 18446 TORRENCE Avenue, LANSING IL 60438 Photo 4 18446 TORRENCE Avenue, LANSING IL 60438 Photo 5 18446 TORRENCE Avenue, LANSING IL 60438 Photo 6 18446 TORRENCE Avenue, LANSING IL 60438 Photo 7 18446 TORRENCE Avenue, LANSING IL 60438 Photo 8 18446 TORRENCE Avenue, LANSING IL 60438 Photo 9
Listing Courtesy of Metro Realty Inc.

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18446 TORRENCE Avenue - MLS #09183951. This 4 unit building in Lansing has been completely remodeled with premium upgrades. Roof is less than 10 yrs. old, all wood is in perfect condition. Brick structure has no problems. Upgrades include: 5 new commercial 50-gallon hot water heaters; 4 new H.E. Furnaces; all new copper throughout as well as electrical & outlets. Building brings in $46,560 annually and has a 12.7% cap rate and is profitable. Price is firm CASH ONLY NON-NEGOTIABLE no appraisal. No Credit to be given by the seller. Actual income statement is provided and is accurate not potential. Buyer is willing to do a 5 year Owner financing deal with $75K down payment. Tenant's rights, all showings must be scheduled in advance and to be show only on the weekends. FOR SHOWINGS PLEASE PROVIDE PROOF OF FUNDS

Listing information

  • MLS® ID: 09183951
  • Beds: 7
  • Stories: 0
  • Foreclosure: No
  • Estimated Annual Taxes: $8,933
  • Middle School: Memorial Junior High School
  • Style: 4 Flat
  • Status: Active
  • Parking Type Description: None 0 cars
  • Lot Area: 0.15
  • County: Cook
  • Elementary School: Oak Glen Elementary School
  • Year Built: 1963
  • Total Rooms: 15
  • New Construction: No
  • Lot Size: 51 X 125
  • High School: Thornton Fractnl So High School
  • Subdivision: Forest Glen

Features

Age 51-60 Years
Appliances/Features Unit 1 Garage/Space, Microwave, Range Hood, Refrigerator, Stove, Window Air Conditioner
Appliances/Features Unit 2 Garage/Space, Microwave, Range Hood, Refrigerator, Stove, Window Air Conditioner
Appliances/Features Unit 3 Garage/Space, Hardwood Floors, Microwave, Range Hood, Refrigerator, Stove, Window Air Conditioner
Appliances/Features Unit 4 Garage/Space, Hardwood Floors, Microwave, Range Hood, Refrigerator, Stove, Window Air Conditioner
Area Lansing
Area Amenities Gated Entry
Basement Full
Basement Description Exterior Access
Built Before 1978 (Y/N) Yes
Exterior Building Type Brick
Foundation Concrete
General Information None
Heat/Fuel Forced Air, Gas, Indv Controls
Is Parking Included in Price Yes
Lot Description Landscaped Professionally
Lot Size Less Than .25 Acre
Other # Full Baths in Building - 4, # Full Baths-Unit 1 - 1, # Full Baths-Unit 2 - 1, # Full Baths-Unit 3 - 1, # Full Baths-Unit 4 - 1, # Half Baths in Building - 0, # Half Baths-Unit 1 - 0, # Half Baths-Unit 2 - 0, # Half Baths-Unit 3 - 0, # Half Baths-Unit 4 - 0, # Of Bdrms - Unit 1 - 1, # Of Bdrms - Unit 2 - 2, # Of Bdrms - Unit 3 - 2, # Of Bdrms - Unit 4 - 2, # Of Rooms - Unit 1 - 3, # Of Rooms - Unit 2 - 4, # Of Rooms - Unit 3 - 4, # Of Rooms - Unit 4 - 4, Bedrooms (Below Grade) - 0, Floor # - Unit 1 - 1, Floor # - Unit 2 - 1, Floor # - Unit 3 - 2, Floor # - Unit 4 - 2, Gross Expenses $ - 45960, Gross Rental Income $ - 35000, Net Oper Income $ - 11522, Special Service Area - N, Tax Year - 2014, Total # Units in Building - 4, Total Full/Half Baths - 4, Township - Thornton, Zoning Type - Multi
Other Addl Income Coin Laundry, Parking Space/s
Ownership Fee Simple
Parking Space/s
Parking On-Site Yes
Parking Ownership N/A
Possession Closing
Property Type Two to Four Units
Recent Rehab (Y/N) Yes
Roof Type Asphalt/Glass (Shingles)
Sewer Sewer-Public
Special Assessments N
Style Of House Bi-Level
Tax Exemptions None
Tenant Pays - Unit 1 Electric, Gas, Heat
Tenant Pays - Unit 2 Electric, Gas, Heat
Tenant Pays - Unit 3 Electric, Gas, Heat
Tenant Pays - Unit 4 Electric, Gas, Heat
Type-Multi 4 Flat
Virtual Tour None
Water Lake Michigan
Waterfront (Y/N) No
Listing Courtesy of Metro Realty Inc.