18508 Torrence Ave

$475,000
Price
7
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

@@@ Must See @@@ Fully Updated Beautiful Brick 4 Unit Building on historic Torrence Ave. This beauty offers New Roof, Gutters, Windows, Kitchen, Baths, Hot water Tanks & Furnaces. Each Unit Has an Individual Forced Air Gas Furnace, and Individual Water Heaters. Tenants Pay Electric and Gas. There Is a Small Gas & Electric Bill for the Common Areas. Landlord Pays Water & Garbage. Laundry Income Coin Collected. Units are three 2 Bedroom 1 Bath and one 1 Bedroom 1 bath. 2 BD 1 BA $1400 the 1 Bedroom...@@@ Must See @@@ Fully Updated Beautiful Brick 4 Unit Building on historic Torrence Ave. This beauty offers New Roof, Gutters, Windows, Kitchen, Baths, Hot water Tanks & Furnaces. Each Unit Has an Individual Forced Air Gas Furnace, and Individual Water Heaters. Tenants Pay Electric and Gas. There Is a Small Gas & Electric Bill for the Common Areas. Landlord Pays Water & Garbage. Laundry Income Coin Collected. Units are three 2 Bedroom 1 Bath and one 1 Bedroom 1 bath. 2 BD 1 BA $1400 the 1 Bedroom with 1 bath is $1200 total of $5400 a month in rental income before expenses. Units are well kept with solid long-term tenants. Seller motivated! Schedule your private showing today start earning instant income. Owner occupants welcomed. Showings Sunday's between 4pm - 5:30pm

Property Details for 18508 Torrence Avenue

Area
Lansing
Township
Bloom
Ownership
Fee Simple
Num Of Parking Spaces
8.0
Heat/Fuel
Natural Gas, Forced Air
LISTING UPDATED: 11/12/2025 05:23 PM

Property Details for 18508 Torrence Avenue

StatusPending
MLS #12491698
Days on Market33
Taxes$15,483 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1962
Lot Size0.14 AC / 6,098 SF
CountyCook County

Location

Listing Courtesy of Pearson Realty Group
Add your commute

Building Information for 18508 Torrence Avenue

Stories-Residences4Year Built1962Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$3,637 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,347

Property Taxes

$1,290

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 18508 Torrence Avenue

General Information
School Information
  • Elementary School District: 158
  • High School District: 215
  • Middle Or Junior School District: 158
Addtl Parking Information
  • Parking Details: Assigned Spaces, Yes, Owned
Property Information
Interior Features
  • Num Of Rooms: 20
  • Bedrooms Total: 7
  • Bedrooms (Below Grade): 0
  • Basement Type: Partially Finished, Partial
  • Bedrooms Possible: 7
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 6375 SQ FT
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Construction: Brick
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • South Coordinate: 18500
  • East Coordinate: 2600
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 0
  • Photos Count: 39
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $360.00
  • Gross Income: $64,800.00
  • Insurance Expense: $3,255.00
  • Electric Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Addl Income: Coin Laundry
  • Trash Expense Source: Actual
  • Trash Expense Year: 2025
  • Water Expense Source: Actual
  • Net Operating Income: $20,400.00
  • Professional Management Expense: $600.00
  • Trash Expense: $1,080.00
  • Water Sewer Expense: $860.00
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM
Unit 4
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MTM

Property History for 18508 Torrence Avenue

DateEvent & SourcePriceAppreciation
Nov 12, 2025

Pending

MRED #12491698

Oct 11, 2025

Listed (Active)

MRED #12491698

$475,000
Jul 21, 2021

Sold

MRED #11078829

$267,400
Jul 20, 2021

Sold (Public Record)

Public Record #1467847798

$267,500

+6.9% / yr

May 9, 2021

Pending

MRED #11078829

May 6, 2021

Listed (Active)

MRED #11078829

$295,000
Oct 6, 2010

Sold (Public Record)

Public Record #298312593

$130,000

-20.1% / yr

Oct 6, 2010

Sold

MRED #07184624

$150,000
Aug 13, 2010

Pending

MRED #07184624

Feb 12, 2010

Listed (Active)

MRED #07184624

$301,000
May 30, 2006

Sold (Public Record)

Public Record #197926919

$345,000

+91.1% / yr

Nov 18, 2005

Sold (Public Record)

Public Record #169375945

$245,000
DateEvent & SourcePrice
11/12/2025

Pending

MRED #12491698

10/11/2025

Listed (Active)

MRED #12491698

$475,000
07/21/2021

Sold

MRED #11078829

$267,400
07/20/2021

Sold (Public Record)

Public Record #1467847798

$267,500

+6.9% / yr

05/09/2021

Pending

MRED #11078829

05/06/2021

Listed (Active)

MRED #11078829

$295,000
10/06/2010

Sold (Public Record)

Public Record #298312593

$130,000

-20.1% / yr

10/06/2010

Sold

MRED #07184624

$150,000
08/13/2010

Pending

MRED #07184624

02/12/2010

Listed (Active)

MRED #07184624

$301,000
05/30/2006

Sold (Public Record)

Public Record #197926919

$345,000

+91.1% / yr

11/18/2005

Sold (Public Record)

Public Record #169375945

$245,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18508 Torrence Avenue

Taxable ValueLand$3,506Additions$28,493Total$31,999
Tax Record2023$15,483 ($1,290 / month)
Home Facts
Baths4Total Finished SqFt3,276 SqFtAbove Grade Finished SqFt3,276 SqFtStories1Lot Size6,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyCOOKAPN29-36-402-084

Schools near 18508 Torrence Avenue

This home is within Lansing School District 158.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lester Crawl Primary Center
PublicPK to 1

Oak Glen Elementary School
PublicK to 5

Memorial Jr High School
Public6 to 8

Thornton Fractional South High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pearson Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/12/2025 05:23 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.