$250,000
SOLD OCT 11, 2022

1302 S State St Lockport, IL 60441

5 Beds
3 Baths
-- Sq Ft
8,276 Sq Ft Lot

Recently Sold

24% Below List Price

23 Days on Market

Highlights

  • Corner Lot
  • 2-minute walk to Lockport Station
  • 2 Car Detached Garage
  • Milne Grove Elementary School Rated A-
  • Lower Floor Utility Room

About This Home

As of September 2024

Fabulous investment opportunity! This 3 unit plus detached garage is located in a prime location in downtown Lockport close to shopping, dining & train! Main level unit offers 3 bedrooms & basement, while the (2) 2nd level apartments each offer 1 bedroom & 1 bath. Plenty of driveway parking plus garage could be rented for additional income. All units are currently occupied. Newer windows & roof. Highly rated school district.

Last Agent to Sell the Property

Kimberly Wirtz

Wirtz Real Estate Group Inc. License #471005499 Listed on: 08/27/2022

Last Buyer's Agent

Jonathan Darin

Coldwell Banker Real Estate Group License #475138794

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,614

Year Built

  • Built in 1882

Lot Details

  • Lot Dimensions are 102x79
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Off-Street Parking
  • Parking Space is Owned

Home Design

  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Lower Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Milne Grove Elementary School
  • Kelvin Grove Elementary Middle School
  • Lockport Township High School

Utilities

  • Radiator

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,978
  • Fuel Expense $1,917
  • Water Sewer Expense $1,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,614

Year Built

Built in 1882

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1882
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train
  • 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: 5
  • Room Type: Utility Room-Lower Level
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 299900
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street
  • ParkingTotal: 3
  • Number of Cars: 5
  • 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: Radiator(s)
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 1060
  • Trash Expense Year: 2021

Schools

  • Elementary School: Milne Grove Elementary School
  • High School: Lockport Township High School
  • Middle/Junior School: Kelvin Grove Elementary School
  • Middle/Junior School District: 91

Lot Info

  • Lot Dimensions: 102X79
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Fuel Expense: 1917
  • ElectricExpense: 1978
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 6614.38
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Sep 5, 2024
Sold by
Bush Michael Raymond
Bought by
1302 South State Llc
Seller's Agent
Robert Grilli
Jameson Sotheby's Intl Realty
Buyer's Agent
Angela Greenfield
@properties Christie's International Real Estate
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%
Views
6
Current Estimated Value
$471,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,029
Avg. Annual Appreciation
5.67%

Purchase Details

Listed on
May 6, 2024
Closed on
Jul 2, 2024
Sold by
Md Properties Llc
Bought by
Bush Michael Raymond
Seller's Agent
Jonathan Darin
Coldwell Banker Real Estate Group
Buyer's Agent
Robert Grilli
Jameson Sotheby's Intl Realty
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.88%
Original Mortgage
$389,500
Interest Rate
7.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 27, 2022
Closed on
Oct 4, 2022
Sold by
Miotti Julie
Bought by
Md Properties Llc
Seller's Agent
Kimberly Wirtz
Wirtz Real Estate Group Inc.
Buyer's Agent
Jonathan Darin
Coldwell Banker Real Estate Group
List Price
$329,900
Sold Price
$250,000
Premium/Discount to List
-$79,900
-24.22%
Views
67

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.97%
Original Mortgage
$250,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 7, 2016
Closed on
Feb 28, 2017
Sold by
Jrg Properties Llc
Bought by
Miotti Julie
Seller's Agent
Mike Klimek
Pillar Realtor LLC
Buyer's Agent
Shawna Jeninga
Listing Leaders Northwest, Inc
List Price
$224,900
Sold Price
$218,000
Premium/Discount to List
-$6,900
-3.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%
Original Mortgage
$207,100
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2005
Sold by
Gheorghiu Magdalena
Bought by
Jrg Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2001
Sold by
Three Cs Investments Inc
Bought by
Gheorghia Magdalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,400
Interest Rate
6.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 30, 2001
Sold by
Purviance Richard T and Purviance Lois A
Bought by
Three Cs Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
8%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $445,000 None Listed On Document
Warranty Deed $420,000 Ai Title
Warranty Deed $250,000 Acuity Title
Warranty Deed $218,000 Citywide Title Corporation
Warranty Deed $215,000 Atg
Warranty Deed $160,000 Greater Illinois Title Compa
Warranty Deed $145,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $389,500 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $207,100 New Conventional
Previous Owner $172,000 Purchase Money Mortgage
Previous Owner $152,000 Credit Line Revolving
Previous Owner $157,400 FHA
Previous Owner $108,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2024 09/05/24 Sold $445,000 -1.1% --
07/18/2024 07/18/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $450,000 +7.1% --
07/02/2024 07/02/24 Sold $420,000 -1.2% --
05/06/2024 05/06/24 For Sale $425,000 +70.0% --
10/11/2022 10/11/22 Sold $250,000 -16.6% --
09/20/2022 09/20/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $299,900 -9.1% --
08/27/2022 08/27/22 For Sale $329,900 +51.3% --
03/16/2017 03/16/17 Sold $218,000 -3.1% --
12/26/2016 12/26/16 Pending -- -- --
12/07/2016 12/07/16 For Sale $224,900 -- --
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
2024 $8,948 $104,225 $20,958 $83,267
2023 $8,948 $93,568 $18,815 $74,753
2022 $8,573 $83,912 $17,550 $66,362
2021 $6,791 $78,857 $16,493 $62,364
2020 $6,614 $76,264 $15,951 $60,313
2019 $6,278 $72,288 $15,119 $57,169
2018 $6,483 $66,826 $13,976 $52,850
2017 $6,028 $60,659 $12,687 $47,972
2016 $5,704 $55,955 $11,703 $44,252
2015 $4,745 $45,069 $10,407 $34,662
2014 $4,745 $43,336 $10,007 $33,329
2013 $4,745 $44,220 $10,211 $34,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11615181

Midwest Real Estate Data (MRED)

APN: 11-04-23-329-001