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Six-Unit Apartment Building
For Sale
$762,000

3061 BERNICE Road, Lansing, IL 60438

MULTI_FAMILY - Lansing, IL

Property SizeContact for details
Days on Market153

Property Features for 3061 BERNICE Road

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 16
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 5, Bathroom 6, Bedroom 2, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 6, Bedroom 14, Bathroom 3, Bedroom 13, Bedroom 9, Bathroom 2, Bathroom 1, Bedroom 10, Bedroom 1, Bedroom 15, Bedroom 8, Bedroom 11, Bedroom 3, Bedroom 5, Bedroom 12, Bedroom 16
Directions I-95/80 (KINGERY EXPRESSWAY) AND TORRENCE AVE TO BERNICE ROAD EAST TO ADDRESS.
Subdivision Lansing
Standard status Active
APN 30304070120000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 21996

Building Details

Year built 1978
Floors in Building 3
Number of units 6
Listing Agency: eXp Realty
Listed By: Michael Scanlon · License #475188240
Added: Mar 15 Changed: Aug 4 Last Checked: Aug 14 at 10:06AM
MLS# 12593035

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

3061 Bernice Road is a rehabbed six-unit apartment building built in 1978. The current owners have completed major updates including a complete tear-off of the roof “this past year.” Ownership has also installed electric heaters in the units to largely bypass the boilers, which remain installed but are described as rarely kicking on.

The property includes a large parking lot for tenant use. Multiple nearby Bernice Road buildings are also referenced as available for sale individually or as a package, with a broader renovation scope described across units in the complex.

The combination of a recently replaced roof, renovated apartment units, and a heating system approach designed to reduce reliance on boilers supports a straightforward operational setup for an investor seeking a turn-key style asset.

Key Highlights

  • Rehabbed six‑unit apartment building
  • Built in 1978
  • Complete tear‑off new roof installed “this past year”

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Dental Office Barber Shop Electrical 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

6
Residential units

Location Intelligence

Trade Area within ½ mile

236
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 - Rehabbed six-unit apartment building with a newly replaced roof and updated in-unit heating setup.
Where is this apartment building located?
The property is located at 3061 BERNICE Road Lansing, IL.
What is the asking price?
The asking price for this property is $762,000.
What are key features of this property?
This property features: Rehabbed six‑unit apartment building; Built in 1978; Complete tear‑off new roof installed “this past year”
More about this property
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