3617 Monroe Street, Lansing, IL 60438 (MLS # 12594305)

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PRICE $195,000 dsIDX morgage calculator
BEDS 2
BATHS 2
HOME SIZE n/a
LOT SIZE 5,228 sqft

Positioned on a desirable corner lot in the established community of Lansing, this income-producing 3-bedroom, 2-bath ranch presents a compelling opportunity for investors seeking stable cash flow and portfolio growth. The property is tenant occupied with $1,950/month in rental income, offering immediate revenue from day one. With a finished basement and efficient layout, the home provides strong rental appeal and long-term tenant demand in the South Suburban rental market. Interior features include hardwood and wood-laminate flooring, a convenient main-level bedroom and full bathroom, and a finished basement that expands usable living space ideal for recreation, storage, or flexible tenant use. Additional highlights include a fenced yard, a 3-season room, and a detached garage. The location offers excellent accessibility near retail, dining, and daily conveniences, with quick connectivity to Interstate 94 providing a direct commute to surrounding suburbs and Chicago. Investor Advantage: This property can also be acquired individually or as part of a larger portfolio package, with three additional performing rental properties available, creating an opportunity for investors seeking scale, efficiency, and immediate income across multiple assets.

DAYS ON MARKET 1 LAST UPDATED 3/20/2026
YEAR BUILT 1953 COMMUNITY Lansing
GARAGE SPACES 1.0 COUNTY Cook
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
School District Thornton Fractnl So High School
Elementary School Coolidge Elementary School
Jr. High School Memorial Junior High School
High School Thornton Fractnl So High School


ADDITIONAL DETAILS
AIR None
APPLIANCES Range, Refrigerator
AREA Lansing
BASEMENT Finished, Full, Sump Pump, Yes
CONSTRUCTION Frame
GARAGE Yes
HEAT Natural Gas
LOT 5227 sq ft
LOT DIMENSIONS 40x134
PARKING Garage Door Opener, Detached, Garage
SEWER Public Sewer
TAXES 5957.49
WATER Public
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TOTAL MONTHLY PAYMENT

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Listed with Keller Williams ONEChicago
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