Lansing Multifamily Investment
For Sale
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18422 Torrence Avenue, Lansing, IL 60438
12-unit multifamily property in Lansing, Illinois, with excellent visibility.
Property Size12,000 SF
Lot Size0.40 Acres
Price / SF$106.67
Days on Market150
Property Features for 18422 Torrence Avenue
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.40 Acres
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$101,560
Building Details
Year Built
1960
Buildings
2
Stories
2
Units
12
Listing Agency:
Horvath & Tremblay
Listed By:
Anthony Spangler · License #IL 475173833
(312) 533-8899
Source:
Crexi
Added: May 26
Changed: Oct 16
Last Checked: Oct 20 at 5:44PM
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
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Investment Insights
Based on property information with market context.
The multi-family investment property at 18416 & 18422 Torrence Ave in Lansing, IL, features two three-story brick buildings. The property consists of twelve units: eight 2-Bedroom/1-Bathroom units and four 1-Bedroom/1-Bathroom units, with each building containing four 2-Bedroom/1-Bathroom units and two 1-Bedroom/1-Bathroom units. The property has a total of 10,000 square feet of gross living area within its 12,000 square feet of gross area, situated on a 0.4-acre parcel. There are twelve off-street parking spaces available. The property is located along one of Lansing’s primary commercial corridors, offering visibility and accessibility within Chicago’s south suburban market. Positioned just south of the intersection of Torrence Avenue and Ridge Road, the location provides access to a mix of national retailers, local businesses, and surrounding residential neighborhoods. The site is near Interstate 80/94, Interstate 294, and U.S. Route 41, providing connectivity throughout the greater Chicagoland area, Northwest Indiana, and surrounding employment hubs.
Key Highlights
- Twelve‑unit multi‑family investment property.
- Attractive mix of 2‑bedroom/1‑bathroom and 1‑bedroom/1‑bathroom units.
- Located along Lansing’s primary commercial corridor with excellent visibility and accessibility.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit multifamily property in Lansing, Illinois, with excellent visibility.
Where is this apartment building located?
The property is located at 18422 Torrence Avenue Lansing, IL.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Twelve‑unit multi‑family investment property.; Attractive mix of 2‑bedroom/1‑bathroom and 1‑bedroom/1‑bathroom units.; Located along Lansing’s primary commercial corridor with excellent visibility and accessibility.
