19061 Wentworth AveLansing, IL 60438

Property Details for 19061 Wentworth Ave

Year built

1939

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

3,540 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

33-05-400-013

APU

3305400013

Description

This exceptional investment package in Lansing, Illinois, presents a rare opportunity to acquire a lucrative multifamily property and two single-family homes. The core of the offering is a well-maintained six-unit apartment building, constructed in 1930, boasting a total of 11,289 square feet across three buildings and two stories. Currently, all six apartment units are fully leased, providing immediate and consistent rental income. Complementing the apartment building are two single-family homes, which will be delivered vacant upon closing, offering flexibility for future use – whether as rental properties, owner-occupied residences, or potential redevelopment opportunities. The property is zoned 2-11, providing a solid foundation for continued operation and potential future expansion. Located at 19061 Wentworth Avenue, Lansing, IL 60438, this package presents a compelling investment opportunity with a strong potential for both short-term cash flow and long-term appreciation. The asking price for this entire package is $724,999. Detailed financial information and property specifics are available upon request. This is a turnkey investment ready for a new owner to step in and begin profiting from the existing rental income and the potential of the vacant single-family homes. Don't miss this chance to acquire a substantial multifamily portfolio in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,410,692

  6.5%

  $1,302,178

  7%

  $1,209,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $714,682

  Geo Method

  $714,682

• Alternative Use

  Use

  Valuation

  Residential

  $1,302,178

  Hospitality

  $1,192,788

  Educational

  $992,385

  Medical

  $1,026,515

  Retail

  $1,543,710

Location Insight

City

Lansing

County

Cook

State

Illinois

Latitude

41.5487

Longitude

-87.5292

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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