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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 | Number of Properties | 2 |
| Price / SF | $141.72 / SF | Individually For Sale | 0 |
| Cap Rate | 7.93% | Total Building Size | 9,032 SF |
| Sale Type | Investment | Total Land Area | 0.40 AC |
| Status | Active |
| 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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18416 & 18422 Torrence Ave
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