Address
3061 Bernice Road, Lansing, IL
Price
$ 762,000
Property Attributes
- MLS#12593035
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityLansing
- AreaLansing
- NeighborhoodBernice
- Zip60438
- StyleMulti-Family
- Year Built1978
- Taxes$ 21996
- Price$ 762,000
- Bedrooms16
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Tremendous rehabbed 6 unit in an awesome apartment community! The current owners have fully renovated 15 of 18 units across this building and two others also available for sale individually or as a package (3045 and 3069 Bernice). Boasting $9700 of rental income and a complete tear off new roof this past year along with renovated units to modern standards, this is an unbeatable turnkey investment. Ownership has also installed electric heaters in the units to largely bypass the boilers (still installed but rarely kick on now) to much reduce the expenses. This complex also has a large parking lot with tons of spaces for tenants. This is an investor's dream given the 9%+ cash on cash at asking and turnkey condition.
| Price History | |
|---|---|
| 3/16/2026 | Listed $825,000 |
| 5/6/2026 | 4$800,000 |
| 7/29/2026 | 5$762,000 |
General Features
| Cooling | Wall Sleeve |
|---|---|
| Utilities | Sewer Connected |
| Possession | Closing |
| Year Built | 1978 |
| Electric | Circuit Breakers,Service - 0 to 100 Amps,Power - 120V |
| Tenant Pays | Air Conditioning,Electricity |
| Stories Count | 3 |
| Township | Thornton |
| Tax Year | 2024 |
| Current Use | Multi-Family |
| Gross Income | 116400 |
| County | Cook |
| Net Operating Income | 67427 |
| Operating Expense | 44293 |
| Insurance Expense | 3708 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 3000 |
| Possible Use | Multi-Family |
| Status | Active |
| Directions | I-95/80 (KINGERY EXPRESSWAY) AND TORRENCE AVE TO BERNICE ROAD EAST TO ADDRESS. |
| City | Lansing |
| Number Of Units Total | 6 |
| MLS Area | Lansing |
| Tax Annual Amount | 21996 |
| Electric Expense | 684 |
| Fuel Expense | 2664 |
| Trash Expense | 1584 |
| Water Sewer Expense | 1848 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
| Cap Rate | 8.13 |
Interior Features
| Basement | None |
|---|
Exterior Features
| Water Source | Community Water |
|---|---|
| Lot Dimensions | 9256 |
| Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60438
Price
Taxes
Year Built
Visits
