BEDS0
BATHS
MLS#12478443
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Huge Price Drop - Don't Miss This Deal Exceptional Investment Opportunity Prime Downtown Lockport Property Seize a rare chance to own a remarkable asset in the heart of Downtown Lockport. This impressive three-story brick building, located at 1016 State St., was constructed in 2023 and offers a unique blend of luxury and versatility in an unbeatable location. The property features four modern, high-end residential rentals alongside a flexible storefront/office space, making it an ideal investment opportunity. Fully leased, the building ensures immediate returns and is perfect for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. Key Features: Four Sophisticated units: Thoughtfully designed with contemporary finishes, offering residents a luxurious living experience. Storefront/Office Space: An obvious commercial space that provides excellent exposure, perfect for retail or office use. Just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This is your opportunity to invest in a high-yield, prime-location property that promises immediate cash flow and long-term value. Don't let this opportunity slip away-secure a top-tier asset in one of Lockport's most vibrant areas.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall Sleeve
Lot Size: 0.08 Acres
Stories: 3.0
Taxes: $32,349
Year Built: 2023
Feature Descriptions
Electric: Circuit Breakers
Exterior: Brick
Fire Protection: Alarm On Site
HVAC: Electric, Gas
Lot Dimensions: 55X95
Parcel#: 1104233260220000
Potential Use: Commercial, Condominium
Tenant Pays: Electricity
Units: 5
Listed By / Shown By
Listed By
Agency Name: Vylla Home
Agency Phone: 773-831-2000
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 7,098.39 per month $3,892.52 Principal & Interest $2,695.75 Property Tax $510.13 Homeowner's InsuranceChange Payment Information
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1016 State Street | MLS# 12478443
This multi-family property located at 1016 State Street, Lockport, IL 60441 is currently listed for sale with an asking price of $1,749,000. Search Lockport real estate on www.bhhscrosby.com today.