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Rehabbed 6-Unit Apartment Building

3045 BERNICE Road, Lansing, IL 60438

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For Sale

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Turnkey investment property with renovated units and high rental income.

Type:Multifamily

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Jake Fugman

Real Estate License ID: IL 475.181407

HighLights

Turnkey investment property with 6 units in a desirable apartment community.
High rental income of almost $9500, offering a 9%+ cash‑on‑cash return at asking price.
Substantial renovations completed, including 15 of 18 units modernized.
New roof installed in the past year.
Electric heaters installed to reduce boiler expenses.
Large parking lot with ample tenant spaces.

For Sale

Contact for pricing

Turnkey investment property with renovated units and high rental income.

Type:Multifamily

Added:: Mar 14, 2026
Days on Market:: 115
Last Refresh:: Jul 4 at 10:35 am

Property Features for 3045 BERNICE Road

General Information

Standard status: Active
Property subtype: Multifamily

Building Details

Year Built: 1978

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Jake Fugman

Listing office EXP Realty

Listing date Mar 14, 2026

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All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty

HighLights

Turnkey investment property with 6 units in a desirable apartment community.
High rental income of almost $9500, offering a 9%+ cash‑on‑cash return at asking price.
Substantial renovations completed, including 15 of 18 units modernized.
New roof installed in the past year.
Electric heaters installed to reduce boiler expenses.
Large parking lot with ample tenant spaces.

Overview

This is a rehabbed six-unit apartment building located in an apartment community. Fifteen of eighteen units across this building and two others have been fully renovated to modern standards. The property generates almost $9500 of rental income. A new roof was installed in the past year. Electric heaters have been installed in the units to reduce expenses, largely bypassing the boilers. The complex includes a large parking lot with ample space for tenants. This turnkey investment offers a potential cash-on-cash return of 9% at the asking price.

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Local Demand

City: Lansing
County: Cook
State: Illinois
Longitude: -87.542863
Latitude: 41.5790154

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For sale
Apartment buildings
IL
Lansing
60438
3045 BERNICE Road

What type of property is this?

Apartment building - Turnkey investment property with renovated units and high rental income.

Where is this apartment building located?

The property is located at 3045 BERNICE Road Lansing, IL.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Turnkey investment property with 6 units in a desirable apartment community.; High rental income of almost $9500, offering a 9%+ cash‑on‑cash return at asking price.; Substantial renovations completed, including 15 of 18 units modernized.