18416 & 18422 Torrence Ave
Multi-Family | 12 Units | $101,560/unit
Marketing description
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.
Investment highlights
ACCESS & CONNECTIVITY
Torrence Avenue serves as a principal north-south arterial through Lansing, providing immediate connectivity to the area's most critical highway infrastructure. Interstate 80/94 can be accessed directly at the Torrence Avenue interchange, placing the properties at a hub linking traffic from downtown Chicago and the north suburbs, the southwest suburbs via I-80, neighboring Indiana to the east, and communities to the south via Illinois Route 394.
Public bus service along Torrence Avenue is provided by Pace Suburban Bus. Pace Routes 358, 364, and 353 all serve stops along Torrence Avenue in Lansing, with a nearby stop at Torrence Avenue & 173rd Street.
The South Shore Line station in nearby Hegewisch offers commuter rail service into Chicago, and Pace Route 358 stops directly at the Hegewisch South Shore Line Station, enabling a convenient bus-to-train transfer. The South Shore Line operates between Millennium Station in Chicago and South Bend International Airport in Indiana.
AREA AMENITIES & DEMAND DRIVERS
The area surrounding the Property continues to see steady demand for apartment housing driven by its affordability relative to downtown Chicago, proximity to major transportation infrastructure, and access to a diverse regional employment base. Nearby apartment communities including Lansing Riverwood, Lansing Crossing Apartments, and Salem Cross Apartments reflect the established residential presence throughout Lansing and neighboring communities.
The surrounding region benefits from significant industrial, logistics, healthcare, and manufacturing employment, including the nearby Ford Chicago Assembly Plant and the expansive Calumet industrial corridor, which collectively support thousands of jobs tied to manufacturing, transportation, warehousing, and distribution.
Nearby institutions such as Purdue University Northwest - Hammond Campus and Ingalls Family Care Center further contribute to local employment and residential demand. Lansing also benefits from its position near major freight and distribution routes, with numerous transportation and logistics businesses operating throughout the corridor, including firms such as Pigeon Freight Services.
UTILITIES
At 18416 Torrence Ave, tenants are responsible for separately metered electricity, which they pay directly. The Landlord is responsible for providing gas powered heating & hot water, as well as city water & sewer, which they pay directly.
At 18422 Torrence Ave, tenants are responsible for electric baseboard heating and separately metered electricity, which they pay directly. The Landlord is responsible for providing electric powered hot water and city water & sewer, which they pay directly.
DESIRABLE BRICK CONSTRUCTION
The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.
OFF-STREET PARKING & AMENITIES
The Property features ample parking with twelve (12) off-street parking spaces, one per unit.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 10,900 people live within 1 mile of the Property with an average household income of $94,492. Over 71,900 people reside within 3 miles of the Property with an average household income of $99,950.
QUALITY OF LIFE AMENITIES
Nearby national and quick-service dining options include chains such as McDonald’s, Taco Bell, Wendy’s, Starbucks, and Culver’s, while popular local favorites include Dixie Kitchen and Bait Shop, known throughout the south suburbs for its Southern-inspired cuisine, as well as Cork + Oak and Calumet Bakery, a long-standing neighborhood staple.
Residents benefit from immediate proximity to Walmart Supercenter, Sunrise Health Foods - Lansing, Gordon Food Service Store, and Cerro Grande Supermarket, in addition to pharmacies, banks, and neighborhood service retailers lining Torrence Avenue and Ridge Road.
Residents are within close proximity to Erfert Park, Lan-Oak Park, and Van Laten Park, which provide walking trails, sports fields, playgrounds, picnic areas, and seasonal community programming through the Lan-Oak Park District.
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