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Six-Unit Brick Apartment Building
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17933 Torrence Avenue, Lansing, IL 60438

Three-story residential property with six off-street parking spaces and a balanced one- and two-bedroom unit mix.

Property Size6,000 SF
Lot Size0.07 Acres
Price / SF$90
Days on Market5

Property Features for 17933 Torrence Avenue

General Information

Standard status Active
Size 6,000 SF
Total Parking Spaces 6
Lot size 0.07 Acres
Property subtype Multifamily

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 6

Building Details

Buildings 1
Stories 3
Construction brick
Listing Agency: Horvath & Tremblay
Listed By: Anthony Spangler · License #IL 475173833
Source: Crexi
Added: Sep 9 Changed: Sep 12 Last Checked: Sep 12 at 2:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay

Investment Insights

Based on property information with market context.

This three-story brick apartment building at 17933 Torrence Avenue contains six residential units totaling 5,000 square feet of gross living area within 6,000 square feet of gross area. The configuration includes four 2-bedroom/1-bathroom apartments and two 1-bedroom/1-bathroom apartments. The property occupies a 0.07-acre parcel and includes six off-street parking spaces.

The building is located along Torrence Avenue in Lansing, near established residential neighborhoods, commercial corridors, and regional employment centers. Access to the Kingery Expressway connects the property with Interstate 80/94 and Interstate 294, supporting travel across Chicago’s South Suburbs, Northwest Indiana, and the broader Chicago metropolitan area.

Key Highlights

  • Six‑unit configuration with four 2‑Bedroom/1‑Bathroom units and two 1‑Bedroom/1‑Bathroom units
  • 5,000 square feet of gross living area within 6,000 square feet of gross area
  • Three‑story brick apartment building

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Grocery & Convenience Store Plumbing Service Cafe & Coffee Shop Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

514
Businesses Nearby

Demographics for 60438, IL

29,661
Population
12,230
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
3,662
Density / Sq Mi
$72,043
Median Household Income
$44,632
Median Earnings
$1,271
Median Rent
$168,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story residential property with six off-street parking spaces and a balanced one- and two-bedroom unit mix.
Where is this apartment building located?
The property is located at 17933 Torrence Avenue Lansing, IL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Six‑unit configuration with four 2‑Bedroom/1‑Bathroom units and two 1‑Bedroom/1‑Bathroom units; 5,000 square feet of gross living area within 6,000 square feet of gross area; Three‑story brick apartment building
(312) 533-8899 Call to check price and availability
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