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.
Active
$195,000
3617 Monroe St, Lansing, IL 60438
4beds
--sqft
Est.:
Single Family Residence
Built in 1953
5,227.2 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fenced yardDetached garageDesirable corner lotHardwood and wood-laminate flooring
- 8 days |
- 420 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2026 at 10:07pm
Listing courtesy of:
Christopher Anthony 312-804-0693,
Keller Williams ONEChicago,
Alexie Rivero,
Keller Williams ONEChicago
Source: MRED as distributed by MLS GRID,MLS#: 12594305
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14X13
Bedroom 2
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13X11
Bedroom 3
- Level: Basement
- Area: 156 Square Feet
- Dimensions: 13X12
Bedroom 4
- Level: Basement
- Area: 156 Square Feet
- Dimensions: 13X12
Dining room
- Level: Main
- Dimensions: COMBO
Family room
- Level: Basement
- Area: 308 Square Feet
- Dimensions: 22X14
Kitchen
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15X13
Laundry
- Level: Basement
- Area: 255 Square Feet
- Dimensions: 15X17
Living room
- Level: Main
- Area: 247 Square Feet
- Dimensions: 19X13
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: Range, Refrigerator
Features
- Basement: Finished,Full
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 1
- Parking features: Off Alley, Garage Door Opener, Yes, Garage Owned, Detached, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 40x134
Details
- Additional structures: Shed(s)
- Additional parcels included: 30322040120000
- Parcel number: 30322040130000
- Special conditions: None
- Other equipment: Sump Pump
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Features: Curbs, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
HOA
- Services included: None
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $32,460
- Annual tax amount: $5,957
- Date on market: 3/20/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Listed for sale | $195,000+95% |
Source:  MRED as distributed by MLS GRID #12594305 Report a problem | ||
| 12/11/2024 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #12094532 Report a problem | ||
| 6/26/2024 | Listed for sale | -- |
Source: MRED as distributed by MLS GRID #12094532 Report a problem | ||
| 3/7/2019 | Listing removed | $1,595 |
Source: Go Section8 Report a problem | ||
| 2/19/2019 | Price change | $1,595-0.3% |
Source: Go Section8 Report a problem | ||
| 1/16/2019 | Listed for rent | $1,600 |
Source: Homeriver Group Chicago Report a problem | ||
| 10/2/2001 | Sold | $100,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $1,571 -5.5% | $3,246 +27% |
| 2022 | $1,661 +2.8% | $2,556 |
| 2021 | $1,616 +7.8% | $2,556 |
| 2020 | $1,500 -2% | $2,556 -4.9% |
| 2019 | $1,530 +36.9% | $2,687 |
| 2018 | $1,118 -1.6% | $2,687 |
| 2017 | $1,135 +3.6% | $2,687 +7.3% |
| 2016 | $1,096 +9% | $2,504 |
| 2015 | $1,006 +0.8% | $2,504 |
| 2014 | $997 -4.6% | $2,504 -12% |
| 2013 | $1,045 +6.3% | $2,847 |
| 2012 | $983 +2.8% | $2,847 |
| 2011 | $956 -7.8% | $2,847 -18.1% |
| 2010 | $1,037 +9.4% | $3,475 |
| 2009 | $948 -3.4% | $3,475 -14% |
| 2008 | $981 +3.9% | $4,040 +12.7% |
| 2007 | $945 +6.9% | $3,585 |
| 2006 | $884 +6.9% | $3,585 |
| 2005 | $827 +4.2% | $3,585 +18.5% |
| 2004 | $794 +7% | $3,026 |
| 2003 | $742 +3.7% | $3,026 |
| 2002 | $715 +4.3% | $3,026 +3.8% |
| 2001 | $686 +1.3% | $2,914 |
| 2000 | $677 +1.4% | $2,914 |
| 1999 | $668 | $2,914 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,348/mo
Principal & interest
$1025
Property taxes
$323
More affordability tools
Climate risks
Neighborhood: 60438
Nearby schools
GreatSchools rating
- 5/10Coolidge Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Memorial Jr High SchoolGrades: 6-8Distance: 1.2 mi
- 6/10Thornton Fractional South High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Coolidge Elementary School
- Middle: Memorial Junior High School
- High: Thornton Fractnl So High School
- District: 158
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 60438
- Illinois
- Cook County
- Lansing
- 60438
- 3617 Monroe St
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