$195,000

3617 Monroe Street, Lansing, IL 60438

2 beds |
2 baths

Single-Family Home
Built in 1953
5,227sqft lot
1 car garage
$——/sqft
Listed 13 days ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 11:20PM
Listing Office:: Keller Williams ONEChicago : 312-804-0693
Listing Agent:: Christopher Anthony : 312-804-0693
MLS ID:: 12594305

Rooms: No additional rooms
Appliances: RangeRefrigerator
Basement: FinishedFull
A/C: None
Heating: Natural Gas
Disability Feature: None

Other Structures: Shed(s)
Parking: Off AlleyGarage Door OpenerYesGarage OwnedDetachedGarageParking spaces: 1

General: 1 Story

HOA Amenities: CurbsSidewalksStreet LightsStreet PavedNot Applicable
Originating MLS: mred
School District: 158
County: Cook

Zoning: 30322040130000

Water: Lake MichiganPublic
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Christopher Anthony , Keller Williams ONEChicago

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Thornton Fractnl So High School

18500 Burnham Ave, Lansing, IL, 60438

Grades 9-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.