Seller's Agent in 2024
Oscar Darden
DEI Realty LLC
(312) 815-2751
1 in this area
405 Total Sales
105 E 7th St Lockport, IL 60441
Estimated Value: $339,000 - $354,000
4
Beds
3
Baths
--
Sq Ft
4,792
Sq Ft Lot
About This Home
As of June 2024Attention 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!
Last Agent to Sell the Property
DEI Realty LLC License #475200783 Listed on: 03/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,969
Lot Details
- 4,792
Home Design
- Frame Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 3 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Additional Parking
- Parking Included in Price
Schools
- Lockport Township High School
Additional Features
- Basement Fills Entire Space Under The House
- 4,792 Sq Ft Lot
- Heating System Uses Natural Gas
Community Details
- 3 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2024
Closed on
Jun 7, 2024
Sold by
Construction Rehab Services Ll
Bought by
Lopez Isabel M
Seller's Agent
Oscar Darden
DEI Realty LLC
Buyer's Agent
Amalia Guzman
Smart Home Realty
List Price
$295,000
Sold Price
$280,000
Premium/Discount to List
-$15,000
-5.08%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,589
Avg. Annual Appreciation
17.29%
Original Mortgage
$175,000
Outstanding Balance
$168,821
Interest Rate
1.12%
Mortgage Type
Credit Line Revolving
Estimated Equity
$176,768
Purchase Details
Listed on
Mar 23, 2024
Closed on
Jun 5, 2024
Sold by
Borich Enterprises Inc
Bought by
Construction Rehab Services Ll
Seller's Agent
Oscar Darden
DEI Realty LLC
Buyer's Agent
Amalia Guzman
Smart Home Realty
List Price
$295,000
Sold Price
$280,000
Premium/Discount to List
-$15,000
-5.08%
Views
66
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$168,821
Interest Rate
1.12%
Mortgage Type
Credit Line Revolving
Estimated Equity
$176,768
Purchase Details
Closed on
Dec 30, 2004
Sold by
Harris Bank Joliet Na
Bought by
Borich Enterprises Inc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lopez Isabel M | $280,000 | Old Republic Title | |
| Construction Rehab Services Ll | $210,000 | Old Republic Title | |
| Borich Enterprises Inc | $233,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lopez Isabel M | $175,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2024 06/10/24 | Sold | $280,000 | -5.1% | -- |
| 04/03/2024 04/03/24 | Pending | -- | -- | -- |
| 03/23/2024 03/23/24 | For Sale | $295,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,989 | $116,349 | $19,944 | $96,405 |
| 2023 | $9,989 | $104,452 | $17,905 | $86,547 |
| 2022 | $9,570 | $97,432 | $16,701 | $80,731 |
| 2021 | $8,534 | $91,563 | $15,695 | $75,868 |
| 2020 | $8,461 | $88,552 | $15,179 | $73,373 |
| 2019 | $7,949 | $83,936 | $14,388 | $69,548 |
| 2018 | $7,528 | $77,596 | $13,302 | $64,294 |
| 2017 | $6,999 | $70,435 | $12,074 | $58,361 |
| 2016 | $6,623 | $64,973 | $11,138 | $53,835 |
| 2015 | $6,092 | $57,777 | $9,905 | $47,872 |
| 2014 | $6,092 | $55,555 | $9,524 | $46,031 |
| 2013 | $6,092 | $56,688 | $9,718 | $46,970 |
Source: Public Records
Agents Affiliated with this Home
-
Oscar Darden
-
Amalia Guzman
Buyer's Agent in 2024
Amalia Guzman
Smart Home Realty
(312) 339-1508
2 in this area
59 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12011867
APN: 11-04-23-151-001
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