1314 Argo Ln Lockport, IL 60441
Estimated payment $4,249/month
Highlights
- Forced Air Heating System
- Ludwig Elementary School Rated 10
- Paved or Partially Paved Lot
About This Home
Nestled in a prime location, this impeccably maintained 4-unit apartment building is a sparkling investment opportunity, fully occupied and brimming with charm! Each of the four beautifully appointed units shines in the current photos and 3D tour with floor plan, showcasing their inviting, move-in-ready appeal. A lovely courtyard fosters a warm sense of community, perfect for tenants to connect and enjoy. Every unit boasts its own dedicated furnace and hot water heater for ultimate convenience, while the building operates efficiently with just four electric meters-Unit 2 enjoys a slightly reduced rent to handle the four common-area lights. Unit 1's tenant, with a lower rent, thoughtfully assists with snow removal, adding to the property's seamless upkeep. This well-loved building is a true gem, blending modern comfort with a fantastic location near shops, dining, and transport. Each tenant has one parking spot assigned to them. Street parking is also available. Dive into the 3D tour and contact your agent today to explore this radiant treasure!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,597
Year Built
- Built in 1963
Lot Details
- 8,276 Sq Ft Lot
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Parking Included in Price
- Assigned Parking
Schools
- Ludwig Elementary School
- Oak Prairie Junior High School
- Lockport Township High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $5,065
- Trash Expense $75
- Gross Income $67,200
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,935 | $69,271 | $19,996 | $49,275 |
| 2022 | $5,597 | $63,697 | $18,387 | $45,310 |
| 2021 | $5,170 | $63,697 | $18,387 | $45,310 |
| 2020 | $5,216 | $63,697 | $18,387 | $45,310 |
| 2019 | $5,203 | $63,697 | $18,387 | $45,310 |
| 2018 | $5,038 | $60,428 | $17,443 | $42,985 |
| 2017 | $5,105 | $60,428 | $17,443 | $42,985 |
| 2016 | $5,183 | $60,428 | $17,443 | $42,985 |
| 2015 | $4,962 | $60,428 | $17,443 | $42,985 |
| 2014 | $4,962 | $55,952 | $16,151 | $39,801 |
| 2013 | $4,962 | $55,952 | $16,151 | $39,801 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Pending | -- | -- | -- |
| 07/31/2025 07/31/25 | For Sale | $699,700 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | North American Title Company | |
| Quit Claim Deed | -- | Chicago Title Insurance Co | |
| Warranty Deed | $240,000 | -- | |
| Warranty Deed | $230,000 | Lakeshore Title Agency | |
| Contract Of Sale | $230,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $233,100 | Commercial | |
| Previous Owner | $520,000 | Commercial | |
| Previous Owner | $192,000 | Commercial | |
| Previous Owner | $15,000 | No Value Available | |
| Previous Owner | $208,000 | Commercial | |
| Previous Owner | $184,000 | Commercial | |
| Previous Owner | $23,000 | No Value Available | |
| Previous Owner | $184,000 | No Value Available | |
| Previous Owner | $230,000 | No Value Available | |
| Closed | $23,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12421406
APN: 11-04-13-410-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 309 Robson Dr
- 311 Edinburgh Dr
- 9.5 Acres S Archer Ave
- 1220 E Wellwood Dr
- 602 Stephanie Dr
- 1108 E 9th St
- 16609 W Saddlewood Dr
- 935 E 1st St
- 1340 Lacoma Ct
- 1102 Basin Dr
- 1041 Ashley Ct S Unit 1A
- 1061 Ashley Ct S Unit 1A
- 905 N Glenmore St
- 706 Read St
- 1350 Key West Dr
- 613 Katherine St
- 16343 Pioneer Pkwy Unit 3B
- 824 Read St Unit 5B
- 698 Thornton St
- 0 Smith Rd South of 135th St Unit MRD12274096