Sold
Last Sold Price
6 beds
2427 Thornton Lansing Rd, Lansing, IL 60438
Multi FamilyProperty Type
0.31 acresLot Size
1928Year Built
2 carsParking Spaces

Description

This charming 4-unit building, just off Lansing's bustling Torrence Avenue, offers a desirable mix of 1- bedroom and 2-bedroom units in a high-demand rental market served by quality Lansing schools. With low maintenance requirements, strong upside for rent increases, and exciting value-add potential, this property is ideal for a live-in owner seeking both comfort and cash flow. Just minutes from Chicago and Lake Michigan, it's the perfect place to call home - and earn passive income while you do.This charming 4-unit building, just off Lansing's bustling Torrence Avenue, offers a desirable mix of 1- bedroom and 2-bedroom units in a high-demand rental market served by quality Lansing schools. With low maintenance requirements, strong upside for rent increases, and exciting value-add potential, this property is ideal for a live-in owner seeking both comfort and cash flow. Just minutes from Chicago and Lake Michigan, it's the perfect place to call home - and earn passive income while you do.

    Sold By EXIT Strategy Realty

    • Listed by: Andrew Page 219.200.5133 andy.page@ellsburygroup.com • Ellsbury Group LLC
    Listing closed: 09/12/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12427778

    Recent comparable sales

    Median sold price

    $410,000

    Avg days on market

    42

    Sale-to-list ratio

    95.8%

    Lansing, IL

    9 comparable properties found

    a brick house with a yard and a large tree
    1/23
    1

    $318,000

    Sold 09/12/25

    5
    Bedrooms
    Unavailable
    Square Feet
    0.11
    Acres
    a front view of a house with a yard and potted plants
    1/19
    2

    $410,000

    Sold 10/30/25

    7
    Bedrooms
    Unavailable
    Square Feet
    0.15
    Acres
    $425,000 | 18446 Torrence Avenue, Lansing, IL 60438
    1/8
    3

    $425,000

    Sold 11/27/24

    7
    Bedrooms
    Unavailable
    Square Feet
    0.14
    Acres
    front view of a house and a yard
    1/40
    4

    $430,000

    Sold 01/09/26

    7
    Bedrooms
    Unavailable
    Square Feet
    0.14
    Acres
    a front view of a house with a yard
    1/17
    5

    $316,000

    Sold 09/12/25

    7
    Bedrooms
    3,645
    Square Feet
    0.17
    Acres
    a front view of a house with a yard
    1/25
    6

    $230,000

    Sold 09/16/25

    6
    Bedrooms
    Unavailable
    Square Feet
    0.17
    Acres
    $425,000 | 2278 182nd Place, Lansing, IL 60438
    1/16
    7

    $425,000

    Sold 06/09/26

    8
    Bedrooms
    Unavailable
    Square Feet
    0.2
    Acres
    a view of a house with a yard
    1/24
    8

    $430,000

    Sold 12/11/25

    8
    Bedrooms
    Unavailable
    Square Feet
    0.14
    Acres
    $330,000 | 18107 Oakwood Avenue, Lansing, IL 60438
    1/25
    9

    $330,000

    Sold 10/15/24

    5
    Bedrooms
    2,200
    Square Feet
    0.11
    Acres

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $2,624 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $1,576

    Property Taxes

    $1,048

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 2427 Thornton Lansing Road

    Property Details
    • Taxes: $12,580 / year
    • MLS Type: Two to Four Units / 4 Flat
    • County: Cook County
    • Area: Lansing
    • Township: Thornton
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.0
    • Heat/Fuel: Natural Gas
    Building Information
    • Residences: 4
    • Year Built: 1928
    • Lot Size: 0.31 AC / 13,350 SF
    General Information
    School Information
    • Elementary School District: 158
    • High School District: 158
    • Middle Or Junior School District: 158
    Addtl Parking Information
    • Parking Details: On Site, Garage Owned, Detached, Garage
    Property Information
    Interior Features
    • Num Of Rooms: 18
    • Bedrooms Total: 6
    • Bedrooms (Below Grade): 0
    • Basement Type: Partially Finished, Full
    • Bedrooms Possible: 6
    • # Full Baths in Building: 4
    • # Half Baths in Building: 0
    • Num of Baths: 4.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Public
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2023
    • Built Before 1978: Yes
    • Age: 91-100 Years
    • Lot Size: .25-.49 Acre
    • Lot Dimensions: 13350 SQ
    • Total # Units in Building: 4.0
    • Waterfront: No
    • Exterior Building Type: Vinyl Siding
    • Construction: Vinyl Siding
    • Roof Type: Asphalt
    • General Information: None
    • 3 Br Un In Bldg: No
    Property and Assessments
    • Public Document Count: 1
    • Document Date: 2025-07-23T17:02:16
    • Photos Count: 16
    • OpenHouse Count: 1
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Unit 1
    • Unit Type Actual Rent: $800.00
    • 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: $900.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Lease Expiration Date: MTM
    Unit 3
    • Unit Type Actual Rent: $1,208.00
    • 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: $1,075.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 4
    • Lease Expiration Date: MTM

    Property History for 2427 Thornton Lansing Road

    DateEvent & SourcePriceAppreciation
    Sep 12, 2025

    Sold

    MRED #12427778

    $305,000
    Sep 4, 2025

    Sold (Public Record)

    Public Record #1917472127

    $305,000

    +5.8% / yr

    Aug 4, 2025

    Pending

    MRED #12427778

    DateEvent & SourcePrice
    09/12/2025

    Sold

    MRED #12427778

    $305,000
    09/04/2025

    Sold (Public Record)

    Public Record #1917472127

    $305,000

    +5.8% / yr

    08/04/2025

    Pending

    MRED #12427778

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

    Public Records for 2427 Thornton Lansing Road

    Taxable ValueLand$5,674Additions$20,326Total$26,000
    Tax Record2023$12,580 ($1,048 / month)
    Home Facts
    Baths4Total Finished SqFt2,690 SqFtAbove Grade Finished SqFt2,690 SqFtStories2Lot Size13,350 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyCOOKAPN30-31-111-003

    Schools near 2427 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.

    Similar Homes

    New listings in 60438

    $279,900 | 2925 188th Place, Lansing, IL 60438
    1/45
    Listed By @propertiesNew

    $279,900

    4
    Bedrooms
    2,297
    Square Feet
    0.17
    Acres
    $299,900 | 19246 Oakwood Avenue, Lansing, IL 60438
    Listed By @properties

    $299,900

    3
    Bedrooms
    1,402
    Square Feet
    0.32
    Acres
    $140,000 | 3438 Monroe Street, Lansing, IL 60438
    1/31

    $140,000

    3
    Bedrooms
    836
    Square Feet
    Unavailable
    Acres
    $215,000 | 2308 185th Street, Lansing, IL 60438
    1/18
    Listed By Coldwell Banker Realty

    $215,000

    3
    Bedrooms
    1,395
    Square Feet
    0.19
    Acres
    $199,900 | 2740 Ridge Road, Lansing, IL 60438
    1/13

    $199,900

    2
    Bedrooms
    1,137
    Square Feet
    0.17
    Acres
    $145,000 | 17233 Walter Street, Lansing, IL 60438
    1/18
    Open: 9/19 01:00PM - 03:00PM

    $145,000

    2
    Bedrooms
    945
    Square Feet
    0.14
    Acres
    $179,999 | 18538 Wentworth Avenue, Lansing, IL 60438
    1/32
    Open: 9/19 11:00AM - 01:00PMVirtual Tour

    $179,999

    2
    Bedrooms
    849
    Square Feet
    0.09
    Acres
    $209,900 | 17617 Burnham Avenue, Lansing, IL 60438
    1/31

    $209,900

    3
    Bedrooms
    1,624
    Square Feet
    0.12
    Acres
    $200,000 | 17834 Ridgewood Avenue, Lansing, IL 60438
    1/3
    Coldwell Banker Realty Coming Soon

    $200,000

    3
    Bedrooms
    1,008
    Square Feet
    Unavailable
    Acres

    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 2427 Thornton Lansing Road, Lansing, IL 60438
    $305,000
    6
    13,350
    5,831
    $150,000
    1,152
    $925,000
    19
    13,068
    $575,000
    19
    12,800
    $115,000
    3
    900
    4,660

    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 Ellsbury Group 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 09/15/2025 11:11 AM. 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.