18429 Torrence Ave, Lansing, IL 60438

18429 S Torrence presents a prime off-market multifamily property, priced at $450,000 offering an excellent value at $75,000 per unit. Key highlights include a 6-unit brick building within Thornton Fractional South High School District. Currently 83.3% occupied with a rent roll of $5,340 plus annual laundry income of $1,200, there is significant upside potential through lease optimization and achievable market rents totaling around $7,800 monthly. Recent capital improvements such as a new flat roof and boiler replacement enhance the property's value and reduce maintenance concerns. Featuring a mix of 1 and 2-bedroom units, well-maintained common areas, and 12 on-site parking spaces, this property is a promising addition to any investment portfolio. With convenient access to major highways and a strong rental market, 18429 S Torrence is the ideal asset for investors looking to maximize returns in the Chicagoland area.