Listing provided courtesy of Red Pro Realty LLCMREDas Distributed by MLSGrid- MLS# 12674718MLS Provider

18207 Locust StreetLansing, IL 60438

Multi-Family · 8 Beds · 0.17 Acres
$435,000 Active

18207 Locust Street Overview

Time on Site:
12 days
Visits:
0

Exceptional Investment Property in Lansing, Illinois!Perfect for an astute investor looking to expand their portfolio or someone seeking a prime owner-occupied property with rental income.Lansing, Illinois: A Community of Pride and Progress. Lansing has grown into a friendly, well-maintained community in the desirable south suburbs of Chicago. It offers a dense urban atmosphere, good schools, numerous parks, and convenient access to metropolitan amenities. The village motto, A community of pride, progress, and possibilities, is reflected in its stable neighborhoods and continuous development, making it an attractive location for long-term investment. The building is fully rented and well-maintained. This four-unit building is fully occupied, providing immediate, stable rental income. The property shows well, ensuring continued tenant satisfaction and value. Each of the four units features two good-sized bedrooms and one bath, a highly desirable configuration for renters in the area. Significant. The property offers six exterior parking spaces, a crucial amenity. Additionally, an unfinished basement provides excellent potential for setting up supplementary storage for tenants, adding further value and appeal. This Lansing property perfectly balances recent updates, strong rental demand, and valuable features, presenting an exceptional opportunity for both seasoned investors and owner-occupants. This is the one that your client will see and love!

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18207 Locust Street Facts & Features

  • Type Multi-Family
  • Lot 0.17 Acres

Details

General

School Information

  • School District: 215

Building Information

  • New Construction: No
  • Year Built: 1965

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Lansing
  • Township: Thornton

Community/Development

  • Community Features: Curbs, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $14,216.99
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 29364040320000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 4

General Information

  • Basement: Unfinished, Full
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas
  • Other Equipment: CO Detectors
  • Rooms Total: 16

Exterior

Parking Information

  • Parking Features: Unassigned, Off Alley, Off Street, Driveway, Yes, Owned
  • Parking Total: 8

Lot Information

  • Additional Parcels: No
  • Lot Features: Common Grounds
  • Lot Size Acres: 0.17
  • Lot Size Dimensions: 96X83X97X82
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Brick
  • Roof: Asphalt

General Information

  • Other Structures: None
  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

18207 Locust Street Neighborhood

Community

60438 (Lansing) Demographics

40
Median Age
3,536
Population Density (per sq. mile)
35%
College Educated
$57,143
Estimated Median Income
7,340
Estimated Total Home Owners
3,632
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

18207 Locust Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

18207 Locust Street Market Data

Based on the last 30 days in this zip code

$211,890
Average List Price
$153
Average Price per Square Foot
28
Properties Sold
81
Average Days on Market
159
Properties for Sale
Calculations provided by Reliance Network

18207 Locust Street History

Date Event Value Agent
6/23/2026Source: MRED Status Change
Active
6/17/2026Source: MRED Added to Database
June 17, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022