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3617 Monroe Street Lansing, IL 60438

$195,000
New / MLS# 12594305 / Residential - Single Family / Lansing
4 Beds
2 Baths

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.

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Baird & Warner Mary Vallely Agent Cell: 847.687.4070 Email

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Estimated Payment

$ 986.63 per month $433.33 Principal & Interest $496.42 Property Tax $56.88 Homeowner's Insurance
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Property Details

Property Type: Residential - Single Family
Basement: Yes
Basement: Finished, Full
Cooling: None
Garage: 1
Heating: Natural Gas
Lot Size: 0.12 Acres
Taxes: $5,957
Year Built: 1953

Feature Descriptions

Additional rooms: No additional rooms
Additional Structures: Shed(s)
Appliances: Range, Refrigerator
Association Includes: None
Exterior: Frame
Lot Dimensions: 40x134
Other Equipment: CO Detectors, Sump Pump
Parcel#: 30322040130000
Parking: Off Alley, Garage Door Opener, Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 8
Township: Thornton
Water: Lake Michigan, Public

Room Information

Bedroom 2: 13X11
Bedroom 3: 13X12
Bedroom 4: 13X12
Dining Room: COMBO
Family Room: 22X14
Kitchen: 15X13
Laundry: 15X17
Living Room: 19X13
Primary Bedroom: 14X13

Schools

High School: Thornton Fractnl So High School
Middle School: Memorial Junior High School
Elementary School: Coolidge Elementary School
School District: District 215

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: Keller Williams ONEChicago

Listing Office Phone: 312-216-2422



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