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Two to Four Units · Lansing, IL
$435,000
8 beds · 4 baths
18207 Locust Street, Lansing, IL, 60438
A brick-and-mortar place to make your own — room to make it home.
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What’s special

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!
— the listing agent’s description

The home

8 beds
4 baths
Built in 1965
0.17-acre lot
Two to Four Units
Traditional

What it’ll cost

$14,217 taxes / yr
No HOA
2 days on dwello

Estimated monthly payment

$3,625/mo
Principal & interest$2,313
Property taxes$1,185
Homeowners insurance$127
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Tour this home

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Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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2 days on dwello
Price history
Listed for sale
Jun 17, 2026
$435,000
Property taxes
2025
Annual tax bill (MLS)
$14,217/yr
Assessed value
2025
County assessor
$32,001~$320,010 mkt
2024
$32,001~$320,010 mkt
2023
$32,001~$320,010 mkt
2022
$16,830~$168,300 mkt
2021
$16,830~$168,300 mkt
2020
$16,830~$168,300 mkt
2019
$24,972~$249,720 mkt
2018
$24,972~$249,720 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasBrickPublic SewerUnassignedOff Alley
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Shari Smith · Red Pro Realty LLC
Listing last updated Jun 18, 2026 · data refreshed from the MLS Jun 18, 2026, 10:48 PM CT
Based on information submitted to the MLS GRID as of Jun 18, 2026, 10:48 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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