Closed

$295,000

105-107 7th Street, Lockport, IL 60441
4 Beds3 Baths12 days
105-107 7th Street·Lockport, IL 60441
4Bedrooms
3Bathrooms
About This Home

Attention savvy investors! This exceptional property presents a golden opportunity for maximizing your investment potential. Featuring a 2-unit residential building with a separate detached office space, this gem offers versatility and endless possibilities. Each residential unit boasts 2 bedrooms and 1 bathroom, while the office space is equipped with a convenient half bathroom. With a lot size of 4975 sqft and 6 parking spaces spread across 2 parking lots, convenience is key. Plus, each unit comes complete with its own water heater and furnace, ensuring comfort and autonomy for tenants. The upstairs unit has been recently refinished, adding a touch of modernity and appeal. With approximately 1600 sqft of livable space in the residential building, complemented by a 750 sqft basement and a 200 sqft office space, there's ample room for creativity and expansion. Additionally, note that the residential space currently has 2 tenants paying below market rent, but the property can be delivered vacant, offering potential for higher returns. With residential rentals in the area reaching up to $2000, the potential for lucrative returns is undeniable. Don't miss out on this rare opportunity to own a piece of prime real estate - seize the moment and make your mark on this investment today!

MLS# 12011867Listed March 23, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms3
Total Rooms12

Size & Structure

Lot Size0.110 acres

Location

CountyWill
TownshipLockport
Zip Code60441

Financial

List Price$295,000
Annual Taxes (2022)$8,969
Monthly Tax Est.$747
Parcel #1104231510010000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Additional ParkingOn SiteOwned
Schools
High School
Lockport Township High School
District: 205
Tax & Financial
Annual Taxes
$8,969
Tax Year 2022
Monthly Tax Est.
$747
per month
Property Location

105-107 7th Street, Lockport, IL 60441Will County

$295,000
105-107 7th Street
4 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
12 days on market
0.110 acres
$8,969/yr taxes
$2,298
estimated monthly payment
Principal & Interest
$1,550/mo
Property Tax
$747/mo
$295,000
20% — $59,000
3%50%
6.875%
3%12%
Loan Amount
$236,000
Down Payment
$59,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
DEI Realty LLC
Agent: Oscar Darden
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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