Multifamily Property with Off-Street
For Sale
$695,000
2121 176th Place, Lansing, IL 60438
Three-story building offers six units with off-street parking and convenient access to major south suburban routes.
Property Size6,000 SF
Lot Size0.18 Acres
Price / SF$115.83
Days on Market90
Property Features for 2121 176th Place
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
12
Lot size
0.18 Acres
Property subtype
Commercial
Zoning
MULTI
Additional Details
Highway Access
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$21,963
Building Details
Year Built
1971
Stories
3
Units
6
Tenancy
Multi
Listing Agency:
Horvath & Tremblay IL, LLC
(312) 361-1643
Listed By:
Anthony Spangler · License #471010441
(312) 361-1643
Source:
Ozmentrealestate
Added: May 27
Changed: Aug 23
Last Checked: Aug 22 at 8:31AM
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 IL, LLC
Investment Insights
Based on property information with market context.
This three-story multifamily building provides a total of six residential units, including four 2-bedroom/1-bath units and two 1-bedroom/1-bath units. The offering includes approximately 5,000 square feet of gross living area within about 6,000 square feet of gross area. The property sits on a 0.18-acre parcel and includes twelve off-street parking spaces, supporting tenant and resident parking needs.
Located in Lansing, Illinois, the property is positioned for practical regional connectivity. The remarks note convenient access to the Chicago metropolitan area and key commercial corridors in the south suburban market, with transportation connectivity to Interstate 94, Interstate 80, and Torrence Avenue.
This configuration can be a workable fit for buyers seeking a small multifamily portfolio asset with a mix of one- and two-bedroom layouts and dedicated off-street parking on-site. For owner-operators or investors, the unit mix may support tenant variety while maintaining a manageable building scale. The stated access to major routes can also be a consideration for day-to-day commuting and connectivity for prospective residents.
Located in Lansing, Illinois, the property is positioned for practical regional connectivity. The remarks note convenient access to the Chicago metropolitan area and key commercial corridors in the south suburban market, with transportation connectivity to Interstate 94, Interstate 80, and Torrence Avenue.
This configuration can be a workable fit for buyers seeking a small multifamily portfolio asset with a mix of one- and two-bedroom layouts and dedicated off-street parking on-site. For owner-operators or investors, the unit mix may support tenant variety while maintaining a manageable building scale. The stated access to major routes can also be a consideration for day-to-day commuting and connectivity for prospective residents.
Key Highlights
- Three‑story multifamily building built in 1971 with 6 total units
- Unit mix: four 2 bed/1 bath units and two 1 bed/1 bath units
- Total of 5,000 SF gross living area within 6,000 SF gross building area
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story building offers six units with off-street parking and convenient access to major south suburban routes.
Where is this apartment building located?
The property is located at 2121 176th Place Lansing, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three‑story multifamily building built in 1971 with 6 total units; Unit mix: four 2 bed/1 bath units and two 1 bed/1 bath units; Total of 5,000 SF gross living area within 6,000 SF gross building area
