NOT LISTED FOR SALE

1129 S State St Lockport, IL 60441

Estimated Value: $281,000 - $343,000

4 Beds
3 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold June 20, 2018

Last sale price $190,000

Est. 64% increase in value since last sale

Current estimated payment $2,436/month

31 Days on Market

Highlights

  • 2.5 Car Detached Garage
  • 3-minute walk to Lockport Station
  • Ceiling Fan
  • Milne Grove Elementary School Rated A-
  • Porch
  • 4-minute walk to Lincoln Landing Park

About This Home

As of June 2018

Affordable investment property! 3-unit building located in downtown Lockport. Main level unit has spacious living room, 2 bedrooms and kitchen with eating area. Two 2nd floor 1-bedroom units have private entrance and kitchen appliances. Neutral carpeting throughout. Laundry on-site. Ample basement storage (with vintage ax-cut timbers!). Detached garage, with covered porch, is drywalled and heated. Walk to historic downtown shops and dining. Easily rentable. Move in and/or rent and collect your income! Don't miss this terrific opportunity!

Last Agent to Sell the Property

Jeff Ristine

Keller Williams Infinity License #471011107 Listed on: 03/20/2018

Keller Williams Infinity

Last Buyer's Agent

Christopher Knollin

Realty Executives Elite License #471019537

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,117

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 64 x 92
  • Paved or Partially Paved Lot

Parking

  • 2.5 Car Detached Garage
  • Heated Garage
  • Driveway
  • Parking Included in Price
  • Unassigned Parking

Home Design

  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Porch

Schools

  • Kelvin Grove Elementary School
  • Lockport Township High School

Utilities

  • Radiator
  • Heating System Uses Steam

Community Details

  • 3 Units
  • Gross Income $2,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,117

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 200000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Unassigned, Driveway
  • ParkingTotal: 4.5
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Radiator(s)
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: KELVIN GROVE ELEMENTARY SCHOOL
  • High School: LOCKPORT TOWNSHIP HIGH SCHOOL
  • Middle/Junior School: KELVIN GROVE ELEMENTARY SCHOOL
  • Middle/Junior School District: 91

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 64 X 92
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 2450
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 4116.78
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2019
Sold by
First Midwest Bank
Bought by
Stop Properties Llc
Total Days on Market
31
Current Estimated Value
$312,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$926,250
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 20, 2018
Closed on
Jun 1, 2018
Sold by
First Midwest Bank
Bought by
Stop Properties Llc
Seller's Agent
Jeff Ristine
Keller Williams Infinity
Buyer's Agent
Christopher Knollin
Realty Executives Elite
List Price
$200,000
Sold Price
$190,000
Premium/Discount to List
-$10,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%

Purchase Details

Closed on
Nov 22, 2017
Sold by
Maphao James Sean
Bought by
First Midwest Bank

Purchase Details

Closed on
Sep 8, 2017
Sold by
First Midwest Bank
Bought by
Murphy James Sean

Purchase Details

Closed on
Nov 27, 2000
Sold by
Murphy James S
Bought by
Palos Bank & Trust Company and Trust #1-4986

Purchase Details

Closed on
Feb 13, 1995
Sold by
Young John P
Bought by
Murphy James S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
9.26%

Purchase Details

Closed on
Jan 27, 1989
Bought by
Murphy James S
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stop Properties Llc $190,000 None Available
Stop Properties Llc $190,000 Citywide Title Corp
First Midwest Bank -- Attorney
Murphy James Sean -- None Available
Palos Bank & Trust Company -- --
Murphy James S $91,000 --
Murphy James S $91,000 --
Murphy James S $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stop Properties Llc $926,250
Previous Owner Palos Bank & Trust Co $40,000
Previous Owner Murphy James S $72,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2018 06/20/18 Sold $190,000 -5.0% --
04/20/2018 04/20/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $200,000 0.0% --
03/29/2018 03/29/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $200,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2023 $8,287 $86,650 $18,815 $67,835
2022 $7,094 $77,058 $17,550 $59,508
2021 $6,750 $72,416 $16,493 $55,923
2020 $6,593 $70,035 $15,951 $54,084
2019 $6,287 $66,383 $15,119 $51,264
2018 $4,886 $61,367 $13,976 $47,391
2017 $4,442 $55,704 $12,687 $43,017
2016 $4,117 $51,385 $11,703 $39,682
2015 $3,080 $40,693 $10,407 $30,286
2014 $3,080 $39,128 $10,007 $29,121
2013 $3,080 $39,926 $10,211 $29,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09883895

Midwest Real Estate Data (MRED)

APN: 11-04-23-319-008