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3061 Bernice Road

Lansing, IL 60438
  • $825,000
  • STATUS: Active
  • MLS #: 12593035
UPDATED: 45 min ago
$825,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1978
County:
Area:

School Ratings & Info

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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-13T01:00:47.283 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3061 Bernice Road Lansing, IL 60438

  • Price: $825,000
  • Status: Active
  • On Site: Days
  • Updated: 45 min ago
  • MLS #: 12593035
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1978
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
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.
Exterior Features

Frontage Type City Street

Interior Features

Basement Details None Cooling Wall Sleeve Heat Ventilation Central Bldg HeatElectricGas Miscellaneous Inside Storage Inside

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN No Current Use Multi-Family Electric Circuit BreakersService - 0 to 100 AmpsPower - 120V Fire Protection Fire Extinguisher/s Gross Income 9700 Gross Scheduled Income 116400 Insurance Expense 3708 Maintenance Expense 3000 Mls Actual Status Active Net Operating Income 67427 Operating Expense 44293 Ownership Types Individual Possible Use Multi-Family Tax Annual Amount 21996 Tax Year 2024 Tenant Pays Air ConditioningElectricity Total Monthly Income 9700 Township Thornton Type Multi Family 5+ Utilities Sewer Connected Water Source Community Water

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of eXp Realty: 888-574-9405.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-13T01:00:47.283 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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