3
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Listed by Shari Smithof Red Pro Realty LLC
-
Est. payment /mo
8 Beds
7,405 Sqft Lot
Price Dropped by $5K
18207 Locust ST Lansing, IL 60438
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12774098
Style Traditional
Bedrooms 8
Year Built 1965
Annual Tax Amount $14,216
Tax Year 2024
Lot Size 7,405 Sqft
Lot Dimensions 96X83X97X82
Property Sub-Type Two to Four Units
Property Description
BACK ON THE MARKET... due to the previous buyer being unable to complete the transaction. Seller has addressed all items identified during the prior inspection. Property is ready for a new buyer and presents a solid investment opportunity. This four-unit investment property in Lansing offers an excellent opportunity for an investor looking to expand their portfolio or an owner-occupant seeking the benefits of rental income. The property is fully occupied and well maintained, providing immediate rental income. Each of the four units features two generously sized bedrooms and one bath. It also includes six exterior parking spaces, a valuable convenience. An unfinished basement provides additional space and potential for tenant storage or other permitted uses, adding further versatility. Conveniently located in Lansing, a well-established south suburban community with parks, amenities, and access to the greater Chicago area. The property combines location, functionality, and income-producing potential/rents are low for the area. With fully occupied units, and valuable features, this four-unit building is ready for its next owner. Bring your buyer and take a closer look - this may be the investment opportunity they've been waiting for!
Location
State IL
County Cook
Community Curbs, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Roof Type Asphalt
Building
Lot Description Common Grounds
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 158, 158, 215
Others
Ownership Fee Simple
Special Listing Condition None
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