2460 Indiana Avenue

Lansing, IL 60438

$364,900
Price
5
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Charming Historic 4-Unit Property in the Heart of Lansing! This investment opportunity offers instant cash flow with all units currently rented to excellent tenants. (Unit 1 will be vacant upon closing) Recent upgrades ensure peace of mind and increased property value, making this a standout choice for investors. Recent Improvements: - 2022: New roof, furnace, AC, and electric panel - 2023: Newly installed front and back wood decks, along with a completely renovated garden unit Property Details:...Charming Historic 4-Unit Property in the Heart of Lansing! This investment opportunity offers instant cash flow with all units currently rented to excellent tenants. (Unit 1 will be vacant upon closing) Recent upgrades ensure peace of mind and increased property value, making this a standout choice for investors. Recent Improvements: - 2022: New roof, furnace, AC, and electric panel - 2023: Newly installed front and back wood decks, along with a completely renovated garden unit Property Details: - Unit Mix: One spacious 2-bedroom, 1-bath unit, and three 1-bedroom, 1-bath units - Parking: Convenient parking lot at the back and additional street parking in the front - Extra Income: Owner-owned coin-operated laundry machines in the basement and additional storage space offer further income potential Prime Location: Nestled in a highly desirable area of Lansing, this property is well-maintained and fully compliant. Financials: Enjoy a robust monthly rental income of $4,000, translating to an impressive annual income of $48,000. Seize the opportunity to own this well-updated, income-generating property in a thriving community. Contact us today to schedule a viewing!
  1. Listed by Nicholas Kravat • Keller Williams ONEChicago
  2. Listed by Mark Quesada • Keller Williams ONEChicago

Property Details for 2460 Indiana Avenue

Area
Lansing
Township
Thornton
Ownership
Fee Simple
Num Of Parking Spaces
5.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
LISTING UPDATED: 10/05/2024 06:04 PM

Property Details for 2460 Indiana Avenue

StatusActive
MLS #12127926
Days on Market104
Taxes$7,738 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1893
Lot Size0.14 AC / 6,098 SF
CountyCook County

Building Information for 2460 Indiana Avenue

Stories-Residences4Year Built1893Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 2460 Indiana Avenue

General Information
School Information
  • Elementary School District: 158
  • High School District: 215
  • Middle Or Junior School District: 158
Addtl Parking Information
  • Parking: Space/s
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Community Features: Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Partially Finished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Patio
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2023
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50' X 129'
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt
  • General Information: Commuter Bus,Historical District
  • 3 Br Un In Bldg: No
  • Conversion: Y
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 19
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $3,792.00
  • Fuel Expense: $1,152.00
  • Insurance Expense: $4,000.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Addl Income: Coin Laundry
  • Trash Expense Source: Actual
  • Trash Expense Year: 2023
  • Water Expense Source: Actual
  • Trash Expense: $792.00
  • Water Sewer Expense: $1,028.00
Unit 1
  • Unit Type Actual Rent: $1,250.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 10/24
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: 12/24
Unit 3
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 03/25
Unit 4
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 12/24

Property History for 2460 Indiana Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2460 Indiana Avenue

Taxable ValueLand$2,325Additions$10,864Total$13,189
Tax Record2022$8,572 ($714 / month)
Home Facts
Baths2Total Finished SqFt2,251 SqFtAbove Grade Finished SqFt2,251 SqFtStories2Lot Size6,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1893CountyCOOKAPN30-31-111-044Fireplace TypeHas Fireplace

Schools near 2460 Indiana 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 Fractnl So 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

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2460 Indiana Avenue is a multi-family home for sale in Lansing, IL 60438. This property was listed for sale on August 2, 2024 by Keller Williams ONEChicago, it's currently listed at $364,900. It has been on the market for a total of 104 days and was last sold on July 29, 2022. This listing's school districts are Lansing School District 158, Thornton Fractional Twp Hsd 215 School District. Nearby schools include Lester Crawl Primary Center, Oak Glen Elementary School and Memorial Jr High School. 2460 Indiana Avenue is a 5-bed, 4-bath, multi-family home built in 1893.

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 Keller Williams ONEChicago

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. Based on information submitted to the MLS GRID as of 10/05/2024 06:04 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.