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Lansing 60438
18441 Torrence Avenue
$196,500
● House - Off Market

18441 Torrence Avenue

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,546 Ft²
$207,922
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

NO SHOWINGS AFTER 6:00 P.M. SATURDAY MAY 22ND. ALL CONTRACTS DUE BY 9:00 P.M. TONIGHT. Listing on the block! Enter this maintenance-free home with bay window, hardwood floors upstairs except for in the kitchen. Three to 4 bedrooms, 1 3/4 baths, eat-in kitchen with modern updates including granite countertops, ceiling fans throughout, range and refrigerator will remain. Basement boasts family room with reclaimed wood accent wall and can lights, 4th bedroom, 3/4 bath, storage/mechanical room, basement fridge stays, laundry room. Plenty of room for entertaining on the 12X15 composite decking with lighting, side drive, 15X8 dual entry shed, oversized detached 2.5-car garage, partially fenced yard. APPROVED BUYERS ONLY.
Unit Size
1,546 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$116
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,192
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,069
  • Gross Building Area: 1,069
  • Building Area: 1,069
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,069
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANSING TORRENCE MANOR RESUBDI
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: SW4 S31 T36N R15E 3P

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828202

Geography

  • District: 37
  • Parcel: 30-31-314-040-0000
  • Lot: 2
  • Meridian: SEC 31 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5596
  • Longitude: -87.5584

    Address

  • Full Address: 18441 Torrence Ave
  • Address - House Number: 18441
  • Address - Street Name: Torrence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lansing
  • Carrier Code: C017
  • 4-Digit Zip Code: 2826
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $560,393
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 222,999
  • High Value: 274,806
  • Low Value: 171,192

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $39,560
  • Market Improvement Value: $120,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $3,956
  • Assessed Improvements Value: $12,044

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2124329059
  • Previous Sale Recording Date: Jun 24, 2003
  • Previous Sale Contract Date: May 29, 2003
  • Previous Sale Amount: $127,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lansing

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$153

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1471 ft²

Average Home Age

67.2 years

Currently For Sale

81 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 20067 Orchard Avenue, Lynwood, IL, 60411

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,084 ft²
20067 Orchard Avenue, Lynwood, IL, 60411 Listing by Danny Jaimes

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Veronica Shanks, Coldwell Banker Realty
Data Source: MRED, MLS# MRD11093101
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 18441 Torrence Avenue built and last sold?
The property at 18441 Torrence Avenue was built in 1958 and last sold on Jul 7, 2021 for $196,500.
How much is this home worth?
The estimated value of the home located at 18441 Torrence Avenue is $185,179.
What are some comparable homes to 18441 Torrence Avenue?
There are currently no comparable homes to 18441 Torrence Avenue.
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