Sold
Last Sold Price
19 beds
2415 Thornton Lansing Rd, Lansing, IL 60438
Multi FamilyProperty Type
0.3 acresLot Size
1963Year Built

Description

Pleased to present the opportunity to purchase a multi-family investment property located at 2415 Thornton Lansing Road in Lansing, Illinois. The Property is a three-story brick building and contains eleven (11) residential units comprised of eight (8) 2-Bedroom/1-Bathroom units and three (3), 1-Bedroom/1-Bathroom units. The well-maintained brick apartment building features on-site laundry facilities and Sixteen (16) on-site parking spaces. The property is in Lansing, Illinois which is a South Suburb...Pleased to present the opportunity to purchase a multi-family investment property located at 2415 Thornton Lansing Road in Lansing, Illinois. The Property is a three-story brick building and contains eleven (11) residential units comprised of eight (8) 2-Bedroom/1-Bathroom units and three (3), 1-Bedroom/1-Bathroom units. The well-maintained brick apartment building features on-site laundry facilities and Sixteen (16) on-site parking spaces. The property is in Lansing, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to the Kingery Expressway, which connects I-80, I-94, I-294, I-394, IL-83, and US-6 at the Torrence Avenue exit ramp located within 1-mile of the property. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.

    Sold By RE/MAX Partners

    • Listed by: Anthony Spangler 708.704.1368 aspangler@htapartments.com • Horvath & Tremblay IL, LLC
    Listing closed: 08/27/2024 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12088452

    Location

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    $7,231 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $4,780

    Property Taxes

    $2,451

    HOA Dues

    $0

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    Property Information for 2415 Thornton Lansing Road

    Property Details
    • Taxes: $29,413 / year
    • MLS Type: Multi Family 5+ / Flats
    • County: Cook County
    • Area: Lansing
    Building Information
    • Stories: 3
    • Residences: 11
    • Year Built: 1963
    • Lot Size: 0.30 AC / 13,068 SF
    General Information
    Location and General Information
    • Information: 48-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Electric,Baseboard,Separate Per Unit
    • Num of Baths: 11.0
    Property/Lot Information
    • Tenant Pays: Electricity, Heat
    • Built Before 1978: Yes
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Flats
    • Lot Dimensions: 50X300
    • Stories: 3
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 17
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 06-19-2024
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 11
    Income & Expenses
    • Electric Expense: $2,121.00
    • Fuel Expense: $2,687.00
    • Gross Income: $133,320.00
    • Gross Scheduled Income: $134,570.00
    • Insurance Expense: $9,161.00
    • Maintenance Expense: $3,375.00
    • Janitor Expense: 0
    • Total Monthly Income: 11110
    • Net Operating Income: $74,605.00
    • Operating Expense: $59,965.00
    • Other Expense: $1,650.00
    • Trash Expense: $1,617.00
    • Water Sewer Expense: $9,941.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 8
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 3
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 2415 Thornton Lansing Road

    DateEvent & SourcePriceAppreciation
    Aug 27, 2024

    Sold

    MRED #12088452

    $925,000
    Jul 30, 2024

    Sold (Public Record)

    Public Record #1540365827

    $925,000

    +2.4% / yr

    Jul 7, 2024

    Pending

    MRED #12088452

    DateEvent & SourcePrice
    08/27/2024

    Sold

    MRED #12088452

    $925,000
    07/30/2024

    Sold (Public Record)

    Public Record #1540365827

    $925,000

    +2.4% / yr

    07/07/2024

    Pending

    MRED #12088452

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

    Public Records for 2415 Thornton Lansing Road

    Taxable ValueLand$5,525Additions$37,497Total$43,022
    Tax Record2024$22,052 ($1,838 / month)
    Home Facts
    Total Finished SqFt8,322 SqFtAbove Grade Finished SqFt8,322 SqFtLot Size13,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1964Year Renovated1964CountyCOOKAPN30-31-111-002-0000

    Schools near 2415 Thornton Lansing Road

    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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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 2415 Thornton Lansing Road, Lansing, IL 60438
    $925,000
    19
    13,068
    $150,000
    1,152
    $575,000
    19
    12,800
    5,831
    $305,000
    6
    13,350
    $158,350
    3
    1,358
    13,721

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Horvath & Tremblay IL, LLC

    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 07/09/2025 04:37 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.