NOT LISTED FOR SALE

1338 S State St Lockport, IL 60441

Estimated Value: $271,187 - $321,000

4 Beds
4 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold August 26, 2022

Last sale price $265,000

Est. 11% increase in value since last sale

Current estimated payment $2,186/month

5 Days on Market

Highlights

  • Property is near a park
  • 2-minute walk to Lockport Station
  • Porch
  • Milne Grove Elementary School Rated A-
  • 3 Car Detached Garage
  • Ceiling Fan

About This Home

As of August 2022

FANTASTIC OPPORTUNITY TO OWN THIS RARELY AVAILABLE 4 UNIT PROPERTY WITH A LARGE 3 CAR GARAGE INCLUDED-METRA RAIL LOCATED ACROSS THE STREET-PROPERTY WAS REMODELED IN 2005-THIS BUILDING IS LOCATED NEAR DOWNTOWN LOCKPORT AND ACROSS FROM THE METRA STATION-BUILDING IS CURRENTLY FULLY RENTED WITH GREAT MONTHLY REVENUE-NEW VINYL SIDING AND NEW ROOF BOTH INSTALLED IN 2019-UNIT 3R IS A NICE STUDIO ATTACHED TO THE 3 CAR GARAGE-UNIT 2B HAS BEEN FRESHLY PAINTED, NICE EAT IN KITCHEN AND WALK IN PANTRY-LIVING ROOM HAS HARDWOOD FLOORING, CEILING FAN-1 BEDROOM WITH POSSIBLE 2ND BEDROOM-UNIT 1E FEATURES LIVING ROOM, EAT IN KITCHEN, AND 1 BEDROOM-UNIT 1W INCLUDES LIVING ROOM WITH WOOD LAMINATE FLOORING, FRONT PORCH, AND 1 BEDROOM-GREAT PROPERTY!

Last Agent to Sell the Property

Danielle Moy

@properties Christie's International Real Estate License #475120040 Listed on: 07/14/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Christopher Knollin

Realty Executives Elite License #471019537

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,528

Year Built

  • Built in 1880

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 82x113
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Schools

  • Lockport Township High School

Utilities

  • Heating System Uses Steam
  • Cable TV Available

Additional Features

  • Porch
  • Property is near a park

Community Details

  • 4 Units
  • Multi Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,528

Year Built

Built in 1880

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1880
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,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: 4
  • Total Bedrooms: 4
  • Other Equipment: TV-Cable, Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 1

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 269900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Sidewalks, Street Lights, Street Paved

Schools

  • High School: Lockport Township High School
  • Middle/Junior School District: 91

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 82X113
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 5528
  • Tax Year: 2021

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,4 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Aug 25, 2022
Sold by
Krumdrick Matthew J and Krumdrick Jennifer
Bought by
Pima Property Group Llc
Seller's Agent
Danielle Moy
@properties Christie's International Real Estate
Buyer's Agent
Christopher Knollin
Realty Executives Elite
List Price
$269,900
Sold Price
$265,000
Premium/Discount to List
-$4,900
-1.82%
Total Days on Market
5
Current Estimated Value
$295,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,297
Avg. Annual Appreciation
4.32%

Purchase Details

Closed on
Sep 25, 2017
Sold by
Jrg Properties Llc
Bought by
Krumdrick Matthew J and Krumdrick Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.95%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 6, 2005
Sold by
Hammer James J and Estate Of James J Hammer Iii
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
$120,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 1994
Sold by
Swetnam Neal W
Bought by
Hammer James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
8.64%
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 Buyer Sale Price Title Company
Pima Property Group Llc $265,000 --
Krumdrick Matthew J $220,000 Citywide Title Corporation
Jrg Properties Llc $160,000 Chicago Title Insurance Co
Hammer James $110,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jennifer Krumdrik Matthew J $165,000
Previous Owner Krumdrick Matthew J $165,000
Previous Owner Jrg Properties Llc $120,000
Previous Owner Hammer James $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $265,000 -1.8% --
07/20/2022 07/20/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $269,900 -- --
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
2023 $6,417 $67,095 $18,815 $48,280
2022 $5,810 $63,112 $17,550 $45,562
2021 $5,528 $59,310 $16,493 $42,817
2020 $5,400 $57,360 $15,951 $41,409
2019 $5,149 $54,369 $15,119 $39,250
2018 $4,876 $50,261 $13,976 $36,285
2017 $4,534 $45,624 $12,687 $32,937
2016 $4,290 $42,086 $11,703 $30,383
2015 -- $43,195 $10,407 $32,788
2014 -- $41,534 $10,007 $31,527
2013 -- $42,381 $10,211 $32,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11463872

Midwest Real Estate Data (MRED)

APN: 11-04-23-329-006