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    Lansing, IL Multifamily Properties for Sale

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    Rehabbed 6-Unit Apartment Building
    Updated: Mar 15
    Rehabbed 6-Unit Apartment Building

    3069 BERNICE Road, Lansing, IL 60438

    $725,000
    6‑unit apartment building (Year built 1978)
    Owners have fully renovated 15 of 18 units across this building (and two others also available: 3045 and 3061 Bernice)
    Tear‑off new roof completed past year
    $9,109 rental income
    Electric heaters installed in units to largely bypass the boilers (boilers still installed but rarely kick on)
    View details
    Rehabbed Multi-Family Investment Opportunity
    Updated: Mar 15
    Rehabbed Multi-Family Investment Opportunity

    3045 BERNICE Road, Lansing, IL 60438

    $775,000
    1978‑built 6‑unit apartment building with a large tenant parking lot
    Owners have fully renovated 15 of 18 units across this building and two other available buildings
    Nearly $9,500 of rental income reported
    Complete tear‑off new roof installed last year
    Electric heaters installed in units to largely bypass boilers (boilers still installed but rarely kick on)
    View details
    Rehabbed 6-Unit Apartment Building
    Rehabbed 6-Unit Apartment Building

    3061 BERNICE Road, Lansing, IL 60438

    $800,000

    Turnkey investment opportunity with renovated units and new roof.

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    Lansing Multifamily Investment Opportunity
    Lansing Multifamily Investment Opportunity

    18422 Torrence Avenue, Lansing, IL 60438

    $1,280,000
    12,000 sqft 0.40 AC lot

    12-unit multifamily property in Lansing, Illinois, with excellent visibility.

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    Remodeled Lansing Commercial Property
    Remodeled Lansing Commercial Property

    3323 Ridge Road, Lansing, IL 60438

    $725,000
    0.18 AC lot

    Remodeled bar/restaurant with apartment and outdoor patio in Lansing.

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    Four-Unit and Single-Family Package
    Four-Unit and Single-Family Package

    19061 Wentworth Avenue, Lansing, IL 60438

    $599,900

    Package includes a vacant single-family home and a fully leased four-unit apartment/townhome building.

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    Multifamily Property with Off-Street Parking
    Multifamily Property with Off-Street Parking

    2121 176TH PL, Lansing, IL 60438

    $695,000
    6,000 sqft 0.18 AC lot

    Three-story building offers six units with off-street parking and convenient access to major south suburban routes.

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    All-Brick 6-Unit Multifamily Building
    All-Brick 6-Unit Multifamily Building

    17766 Rosewood Drive, Lansing, IL 60438

    $675,000
    7,620 sqft

    All-electric, all-brick 6-unit building with tenant-paid electric heat and utilities, plus income potential from a 2-car garage.

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    Multifamily Property in Lansing, Illinois
    Multifamily Property in Lansing, Illinois

    18429 Torrence Ave, Lansing, IL 60438

    $450,000
    5,400 sqft

    Six-unit building with income potential in Chicagoland area.

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    Four-Unit Residential Income Building
    Four-Unit Residential Income Building

    18207 Locust Street, Lansing, IL 60438

    $435,000
    3,430 sqft

    Fully rented four-unit building with two-bed, one-bath units, six exterior parking spaces, and an unfinished basement for storage.

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    Rehabbed 6-Unit Apartment Building
    Rehabbed 6-Unit Apartment Building

    3045 BERNICE Road, Lansing, IL 60438

    $775,000

    Turnkey investment property with renovated units and high rental income.

    View details
    Rehabbed Six-Unit Apartment Building
    Rehabbed Six-Unit Apartment Building

    3069 BERNICE Road, Lansing, IL 60438

    $725,000

    Turnkey investment opportunity with renovated units and new roof.

    View details
    Rehabbed 6-Unit Apartment Building
    Rehabbed 6-Unit Apartment Building

    3061 BERNICE Road, Lansing, IL 60438

    $800,000

    Turnkey investment opportunity with renovated units and new roof.

    View details
    Income-Producing Mixed-Use Lansing Property
    Income-Producing Mixed-Use Lansing Property

    2936 Bernice Road, Lansing, IL 60438

    $219,500
    2,960 sqft

    Mixed-use property in Lansing with office and residential units.

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    Mixed-Use Income Property
    Mixed-Use Income Property

    2936 Bernice Rd, Lansing, IL 60438

    $228,900
    2,960 sqft

    Mixed-use building with two office spaces and two one-bedroom apartments, currently producing rental income.

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    Two-Unit Ranch Duplex Corner Lot
    Two-Unit Ranch Duplex Corner Lot

    3603-3605 Jackson Street, Lansing, IL 60438

    Contact for pricing

    Two ranch units with private entrances, shared attached garage, unfinished basement with laundry, and a concrete patio on a corner lot.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 16 Active listings in Lansing, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    All-Brick Two-Unit Income Duplex
    All-Brick Two-Unit Income Duplex

    540 165th Street, Hammond, IN 46324

    $249,900
    0.14 AC lot

    All-brick duplex with two units, separate entrances, an unfinished basement, and a private parking lot for up to six vehicles.

    View details
    Renovated Duplex with 10-Foot Ceilings
    Renovated Duplex with 10-Foot Ceilings

    893 Greenbay Avenue, Calumet City, IL 60409

    $260,000

    Remodeled duplex with two 2BR/1BA units, an enclosed finished rear porch, and leases expiring soon, ready for owner-occupancy or investment.

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    Two-Unit Duplex with Coach House
    Two-Unit Duplex with Coach House

    305 River Oaks Drive, Calumet City, IL 60409

    Contact for pricing
    0.39 AC lot

    Two-unit duplex with a rear coach house, offered as-is and requiring renovation work.

    View details
    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    10 Lawndale Street, Hammond, IN 46324

    $269,900

    Turnkey two-unit duplex with modern updates and separate layouts, offering strong rental appeal for long-term tenants.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

    View details
    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

    View details
    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

    View details
    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

    View details

    Off-Market Properties in Lansing, IL

    Consider similar Off-Market properties in Lansing, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    18305 Exchange Ave
    GARDEN APT, COURT APT (5+ UNITS)

    18305 Exchange Ave, Lansing, IL 60438-2963

    $770,000
    Estimated value
    0.18 AC lot
    View details
    18305 Exchange Ave
    GARDEN APT, COURT APT (5+ UNITS)

    18305 Exchange Ave, Lansing, IL 60438-2963

    $770,000
    Estimated value
    0.18 AC lot
    View details
    18305 Exchange Ave
    GARDEN APT, COURT APT (5+ UNITS)

    18305 Exchange Ave, Lansing, IL 60438-2963

    $770,000
    Estimated value
    0.18 AC lot
    View details
    18217 Exchange Ave
    GARDEN APT, COURT APT (5+ UNITS)

    18217 Exchange Ave, Lansing, IL 60438-2944

    $560,000
    Estimated value
    0.18 AC lot
    View details
    18001 Burnham Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    18001 Burnham Ave, Lansing, IL 60438-2336

    Value Estimation by Request
    1,972 sqft 0.18 AC lot
    View details
    18375 Torrence Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    18375 Torrence Ave, Lansing, IL 60438-2880

    Value Estimation by Request
    2,507 sqft 0.11 AC lot
    View details
    2415 Thornton Lansing Rd
    GARDEN APT, COURT APT (5+ UNITS)

    2415 Thornton Lansing Rd, Lansing, IL 60438-2151

    $925,000
    Estimated value
    0.30 AC lot
    View details
    17702 Exchange Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    17702 Exchange Ave, Lansing, IL 60438-4815

    Value Estimation by Request
    3,760 sqft 0.17 AC lot
    View details

    Lansing, IL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Lansing, IL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 40,370 square feet of properties for sale, with an estimated market value of $9,908,300.

    Sale prices for multifamily properties in Lansing, IL start at $219,500, averaging $660,553, and reaching up to $1,280,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 12
    Quadplexes 2
    Duplexes 1

    Demographics Overview

    Population 29K
    Population Growth (5Y) -0.6%
    Median Household Income $72,043
    College Educated 38.6%

    High-Yield Neighborhoods for Investment

    Identify Lansing submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60438 $728.7K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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