Charming Historic 4-Unit Property in the Heart of Lansing! This investment opportunity offers instant cash flow. Recent upgrades ensure peace of mind and increased property value, making this a standout choice for investors. Recent Improvements: 2022 New roof, furnace, AC, and electric panel. 2023 Newly installed front and back wood decks, along with a completely renovated garden unit. 2024 tuned furnace, new storm door, caulk and sealed all bathrooms and exterior door & windows with fresh paint in unit 3. One spacious 2-bedroom, 1-bath unit, and three 1-bedroom, 1-bath units. Convenient parking lot at the back for all of the units and additional street parking in the front. Owner-owned coin-operated laundry machines in the basement and additional storage space offer further income potential. Enjoy a robust monthly rental income of $4,000, translating to an impressive annual income of $48,000. Seize the opportunity to own this well-updated, income-generating property in a thriving community. Contact us today to schedule a viewing!
Active
$340,000
2460 Indiana Ave, Lansing, IL 60438
5beds
--sqft
Est.:
Multi Family
Built in 1893
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Renovated garden unitWood decksNew roof
- 78 days
- on Zillow |
- 175 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: May 23, 2025 at 10:07pm
Listing courtesy of:
Nicholas Kravat 312-216-2422,
Keller Williams ONEChicago
Source: MRED as distributed by MLS GRID,MLS#: 12368689

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 5
- Parking features: On Site, Owned
Features
- Patio & porch: Patio
Lot
- Size: 6,098.4 Square Feet
- Dimensions: 50' X 129'
Details
- Parcel number: 30311110440000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1893
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Street Paved
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $180,000
- Annual tax amount: $7,737
- Date on market: 5/18/2025
- Ownership: Fee Simple
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