This charming 4-unit building, just off Lansing's bustling Torrence Avenue, offers a desirable mix of 1- bedroom and 2-bedroom units in a high-demand rental market served by quality Lansing schools. With low maintenance requirements, strong upside for rent increases, and exciting value-add potential, this property is ideal for a live-in owner seeking both comfort and cash flow. Just minutes from Chicago and Lake Michigan, it's the perfect place to call home - and earn passive income while you do.
Closed
$305,000
2427 Thornton Lansing Rd, Lansing, IL 60438
6beds
--sqft
Multi Family
Built in 1928
-- sqft lot
$319,000 Zestimate®
$--/sqft
$1,750 Estimated rent
Home value
$319,000
$287,000 - $354,000
$1,750/mo
Zestimate® history
Owner options
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$2,151/mo
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$2,151/mo
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Zillow last checked:
Listing updated:
Listed by:
Andrew Page 630-418-3093,
Ellsbury Group LLC
Bought with:
Lona Reiling
EXIT Strategy Realty
Source: MRED as distributed by MLS GRID,MLS#: 12427778
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 0.31 Acres
Details
- Parcel number: 30311110030000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1928
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $260,000
- Annual tax amount: $12,580
- Date on market: 7/23/2025
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $305,000-3.2% |
Source:  MRED as distributed by MLS GRID #12427778 Report a problem | ||
| 8/4/2025 | Pending sale | $315,000 |
Source: MRED as distributed by MLS GRID #12427778 Report a problem | ||
| 7/23/2025 | Listed for sale | $315,000-3% |
Source: MRED as distributed by MLS GRID #12427778 Report a problem | ||
| 7/7/2025 | Listing removed | $324,900 |
Source: MRED as distributed by MLS GRID #12352622 Report a problem | ||
| 6/2/2025 | Price change | $324,900-4.4% |
Source: MRED as distributed by MLS GRID #12352622 Report a problem | ||
| 5/1/2025 | Listed for sale | $340,000+28.3% |
Source: MRED as distributed by MLS GRID #12352622 Report a problem | ||
| 3/15/2023 | Sold | $265,000+65.6% |
Source: Public Record Report a problem | ||
| 7/26/1999 | Sold | $160,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $26,000 +0% |
| 2023 | $12,580 +18.3% | $25,999 +59% |
| 2022 | $10,629 +2.8% | $16,355 |
| 2021 | $10,339 +7.7% | $16,355 |
| 2020 | $9,595 -5.1% | $16,355 -7.9% |
| 2019 | $10,113 +1.9% | $17,763 |
| 2018 | $9,925 -1% | $17,763 |
| 2017 | $10,022 +6.8% | $17,763 +3.5% |
| 2016 | $9,382 +7.6% | $17,159 |
| 2015 | $8,718 +1.4% | $17,159 |
| 2014 | $8,597 +0.3% | $17,159 -9.9% |
| 2013 | $8,574 +7.6% | $19,041 |
| 2012 | $7,970 +7% | $19,041 |
| 2011 | $7,450 -10.2% | $19,041 -12.4% |
| 2010 | $8,297 +2.4% | $21,724 |
| 2009 | $8,099 +10.7% | $21,724 -5% |
| 2008 | $7,317 +13.3% | $22,869 +13.8% |
| 2007 | $6,457 +5.6% | $20,094 |
| 2006 | $6,114 +1.8% | $20,094 |
| 2005 | $6,008 +52.5% | $20,094 +53.5% |
| 2004 | $3,940 +7.9% | $13,093 |
| 2003 | $3,652 +18% | $13,093 |
| 2002 | $3,095 +35.9% | $13,093 +35.3% |
| 2001 | $2,277 +1.3% | $9,674 |
| 2000 | $2,248 +0.8% | $9,674 |
| 1999 | $2,230 | $9,674 |
Find assessor info on the county website
Neighborhood: 60438
Nearby homes
- $--1 bd1 ba550 sqft2427 Thornton Lansing Rd APT 1N, Lansing, IL 60438Off Market
- $238,9003 bd2 ba1.3k sqft2433 Thornton Lansing Rd, Lansing, IL 60438Off Market
- $362,8004 bd3 ba2.4k sqft2437 Thornton Lansing Rd, Lansing, IL 60438Off Market
- $205,4003 bd1 ba1.1k sqft2441 Thornton Lansing Rd, Lansing, IL 60438Off Market
- $280,2002 bd2 ba2.9k sqft18037 Torrence Ave, Lansing, IL 60438Off Market
- $211,8004 bd2 ba1.9k sqft2426 Indiana Ave, Lansing, IL 60438Off Market
- $169,7003 bd1 ba1.1k sqft2447 Thornton Lansing Rd, Lansing, IL 60438Off Market
- $172,5003 bd1 ba1.1k sqft2432 Indiana Ave, Lansing, IL 60438Off Market
Nearby schools
GreatSchools rating
- 4/10Oak Glen Elementary SchoolGrades: K-5Distance: 0.5 mi
- 4/10Memorial Jr High SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Thornton Fractional South High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: 158
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$319,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$319,000
- Illinois
- Cook County
- Lansing
- 60438
- 2427 Thornton Lansing Rd
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