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19-Unit Apartment Portfolio
For Sale
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Pending

18381 18350 & 18422 Torrence Avenue, Lansing, IL 60438

Three nearby brick apartment buildings offer a mix of one- and two-bedroom units with practical management proximity.

Property SizeContact for details
Days on Market148

Property Features for 18381 18350 & 18422 Torrence Avenue

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 11 x 1BR/1BA, 8 x 2BR/1BA
Multifamily Units 19

Building Details

Buildings 3
Listing Agency: Horvath & Tremblay
Listed By: Anthony Spangler · License #IL 475173833
Source: Crexi
Added: Apr 10 Changed: Sep 1 Last Checked: Sep 1 at 4:06AM

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 apartment portfolio comprises three nearby brick buildings totaling 19 units. The combined mix includes 11 one-bedroom, one-bath residences and 8 two-bedroom, one-bath residences. Individual properties contain six, seven, and six units, respectively, creating a compact multifamily group rather than a single-building asset.

The 18381 and 18422 Torrence Avenue buildings are traditional six-unit structures with shared interior hallways. The 18350 Torrence Avenue property is a seven-unit California-style brick building. All three addresses are located in Lansing, Illinois, and their close spacing supports centralized oversight across the portfolio.

Key Highlights

  • 19 total units across three apartment buildings
  • Unit mix includes 11 1 Bed/1 Bath and 8 2 Bed/1 Bath units
  • 18381 Torrence Avenue: 6 units, including 4 1 Bed/1 Bath and 2 2 Bed/1 Bath

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Kitchen & Bath Showroom Grocery & Convenience Store Nail Salon Plumbing Service

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

19
Residential units

Location Intelligence

Trade Area within ½ mile

395
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

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 nearby brick apartment buildings offer a mix of one- and two-bedroom units with practical management proximity.
Where is this apartment building located?
The property is located at 18381 18350 & 18422 Torrence Avenue Lansing, IL.
What are key features of this property?
This property features: 19 total units across three apartment buildings; Unit mix includes 11 1 Bed/1 Bath and 8 2 Bed/1 Bath units; 18381 Torrence Avenue: 6 units, including 4 1 Bed/1 Bath and 2 2 Bed/1 Bath
(312) 533-8899 Call to check price and availability
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