17719 Commercial Avenue Lansing, IL ^$ 450,000

17719 Commercial Avenue

^$ 450,000

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17719 Commercial Avenue

Lansing, IL, 60438

^$ 450,000

Bedrooms6 Baths0.0

Monthly Estimate*

^$ 2,695

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Multi-Family Home for sale in Lansing, IL

for $450,000 with 6 bedrooms. This home was built in 1975 on a lot size of 0.2.

Meticulously Maintained 5 Unit Building. Also for Sale is 17725 Commercial Ave which is an identical 5 Unit building next door, which shares a parking lot that has been recently completely replaced. There are a total of 5 Units, 1 (3Bed/2Bath), 3 (2Bed/1Bath) & 1 (1Bed/1Bath) Units. There are 9 parking spots in the back, and there is common laundry room in the basement. The Landlord pays for the Boiler Heat, Hot Water, Water, Common Electric & Garbage. Tenants are responsible for their own units electric bill. Many upgrades, major capital improvements, and preventive maintenance has been completed on this building. Current Rent Roll of $5,035 with upside to $7,000.

Multi-Family Contingent

Price

^$ 450,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 13,469

Style

Lot Size

0.2

Year Built

1975

Town/City

Lansing

County/Region

Cook

MLS | Web ID

12137748

Features

General

Year Built 1975

Tenant Pays Electricity

Stories 2

Tax Year 2023

Gross Income 60420

County Cook

Net Operating Income 36201

Operating Expense 25193

Insurance Expense 2095

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Status Contingent

Directions Head south on Torrence Ave Left on 178th left on Commercial Ave property is on the right

City Lansing

NumberOfUnitsTotal 5

MLS Area Lansing

Tax Annual Amount 13469.7

Electric Expense 1101

Fuel Expense 3222

Trash Expense 1670

Water Sewer Expense 1334

Additional Parcels Y/N N

Days on Market 17

Standard Status Active Under Contract

Exterior

Lot Dimensions 130X65

Lot Size Acres 0.2

* Excluded Features

List By

Horvath & Tremblay Il, Llc

Broker

aspangler@htapartments.com

Affordability Calculator

$3,818

Per Month

Monthly Principal & Interest: $2,695
Monthly Property Taxes: $1,122
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lansing, IL

Average List Price ^$484,336

Percent of Sale Price 8%

About Lansing, IL

27,864 Population

-1% Since 2002

^$48,835 Median Income

39.21 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/14/2024	$450,000		Listed Price

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17719 Commercial Avenue, Lansing, IL, 60438 is a Multi-Family Home for sale at $450,000 with a lot size of 0.2. 17719 Commercial Avenue has 6 bedrooms, 0.0 baths, and was built in 1975. The property's zip code is 60438 which is in Lansing, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 9/22/2024.

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17719 Commercial Avenue

Multi-Family Home for sale in Lansing, IL

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