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18207 Locust Street Lansing, IL 60438 Multi Unit - Multiple Active

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Description

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!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 8
Bathrooms: 4
County: Cook
Listed By:
Red Pro Realty LLC 312-451-7490
MRED MLS
$435,000
Est. $2,818/mo
8beds
4baths
Active
BEDS8 BATHS4 full MLS#12674718
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 215

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18207 Locust Street, Lansing, IL 60438.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $435,000$435,000$435,000
Down Payment $87,000$15,225$108,750
Monthly Mortgage Amount $2,086$2,595$2,687
Taxes $605$605$605
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$191$0
Monthly Estimated Total $2,818$3,518$3,419

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