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Investment Highlights

  • Access & Connectivity
  • Desirable Brick Construction
  • Strong Rental Demographics & Demand
  • Area Amenities & Demand Drivers
  • Off-Street Parking & Amenities
  • Quality of Life Amenities

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 18416 & 18422 Torrence Ave in Lansing, IL (the “Property”). The three-story brick buildings contain twelve (12) total units, comprised of eight (8) 2-Bedroom/1- Bathroom units and four (4) 1-Bedroom/1-Bathroom units, with four (4) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units at each building. The Property contains a total of 10,000 square feet of gross living area in 12,000 square feet of gross area. The Property is situated upon a 0.4-acre parcel and features twelve (12) off-street parking spaces. 18416 & 18422 Torrence Avenue are strategically positioned along one of Lansing’s primary commercial corridors, offering excellent visibility and accessibility within Chicago’s south suburban market. Located just south of the intersection of Torrence Avenue and Ridge Road, the property benefits from immediate access to a dense mix of national retailers, local businesses, and surrounding residential neighborhoods. The site is conveniently situated near major regional transportation routes including Interstate 80/94, Interstate 294, and U.S. Route 41, providing efficient connectivity throughout the greater Chicagoland area, Northwest Indiana, and surrounding employment hubs.

Property Facts

Price $1,280,000
Price / SF $141.72 / SF
Cap Rate 7.93%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 9,032 SF
Total Land Area 0.40 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
18422 Torrence Ave, Lansing, IL 60438 Multifamily 5,000 SF 1961 -
18416 Torrence Ave, Lansing, IL 60438 Multifamily 4,032 SF 1959 -
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  • Listing ID: 40665859

  • Date on Market: 5/26/2026

  • Last Updated:

  • Address: 18416 & 18422 Torrence Ave, Lansing, IL

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