18233 Burnham Ave, Lansing, IL, 60438 | $557/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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18233 Burnham Ave, Lansing, IL, 60438 | $557/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Lansing at 18233 Burnham Ave, Lansing, IL, 60438 uses $104,423 cash to close to unlock $6,682/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $2,742/mo, and a $1,542/mo payment keeps the spread at $557/mo. Purchase price stands at $315,000, and rental yield measures 10.45% with $2,742/mo rent. Return on cash invested shows 26.31% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 138.14% and total cumulative return in cash records $144,245. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,742/mo property income covering a $1,542/mo payment rather than investor’s personal income.

Multi Family

Built in 1962

7,300 sqft lot

$N/A/sqft

No HOA

More details about the property

Unique Multi-Unit Investment Opportunity! This well-maintained building features three spacious apartments, offering incredible versatility for investors or owner-occupants. The two main units each include 6 rooms, featuring 3 bedrooms and 1.5 baths, ideal for comfortable family living. The basement unit includes 1 bedroom, a full kitchen, living room, and two oversized bonus rooms-previously used as a beauty salon, offering endless possibilities for additional living space, a home business, or creative use. Additional highlights include a 3-car garage with private driveway. Each unit has separate utilities, including individual heating and air conditioning systems-a major plus for tenants and owners alike. The basement also features a utility room with laundry hook-ups already in place. Whether you're looking to expand your investment portfolio or live in one unit while renting the others to cover your mortgage, this property offers excellent potential and flexibility. Don't miss out on this unique opportunity-schedule your showing today!