NOT LISTED FOR SALE

15000 Archer Ave Lockport, IL 60441

Lockport Area

Estimated Value: $333,000 - $628,000

4 Beds
4 Baths
-- Sq Ft
2.1 Acre Lot

Sale Details

Date Sold: April 3, 2023

Last sale price $220,000

Est. 113% increase in value since last sale

Current estimated payment $3,553 / mo

3 Days on Market

Highlights

  • Multiple Garages
  • 2.1 Acre Lot
  • Forced Air Heating System
  • Oak Prairie Jr High School Rated 9+
  • 5 Car Detached Garage

About This Home

As of April 2023

GREAT INVESTMENT OPPORTUNITY!!! Located in unincorporated Lockport, on 2.1 acres of land, this building offers three units with the possibility of a fourth and a 5 car garage. The first floor unit is currently a two bedroom, two full bath with two separate entrances. The second floor has a one bedroom, one full bath unit and a studio with a murphy bed, one full bath. Laundry hook up in a unfinished basement. Newer windows and roof. Brand new garage doors. This property is being sold AS-IS. Seller has done some work to the property, replaced some bathrooms, fixed/replaced ceiling/roof, updated some of the main level kitchen. Bring your offers for this great piece of Lockport property

Last Agent to Sell the Property

Allyson Fernandes

Coldwell Banker Real Estate Group License #475127260 Listed on: 01/27/2023

Coldwell Banker Real Estate Group

Last Buyer's Agent

John Warren

Forte Properties, Inc. License #471020680

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,599

Year Built

  • Built in 1940

Lot Details

  • 2.1 Acre Lot
  • Lot Dimensions are 285.5x6.1x544.2x176.1x316.6x46.3
  • Irregular Lot

Parking

  • 5 Car Detached Garage
  • Multiple Garages
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Partial Basement

Schools

  • Lockport Township High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Private or Community Septic Tank

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,599

Year Built

Built in 1940

Lot Details

2.1 Acres

Parking

5

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Irregular Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 5
  • ParkingTotal: 5
  • Number of Cars: 10
  • Garage Details: Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Septic-Private
  • Heating: Natural Gas, Forced Air
  • Water Source: Private Well

Schools

  • High School: Lockport Township High School

Lot Info

  • Lot Size Acres: 2.1
  • Lot Dimensions: 285.5X6.1X544.2X176.1X316.6X46.3
  • Lot Size: 2.0-2.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 17

Tax Info

  • Tax Annual Amount: 8599.08
  • Tax Year: 2021

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Mar 28, 2023
Sold by
Johnston Michael F
Bought by
Seller's Agent
Allyson Fernandes
Coldwell Banker Real Estate Group
Buyer's Agent
John Warren
Forte Properties, Inc.
List Price
$290,000
Sold Price
$220,000
Premium/Discount to List
-$70,000
-24.14%
Views
72
Current Estimated Value
$469,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,279
Avg. Annual Appreciation
22.80%
Original Mortgage
$209,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$220,000 Usi
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $315,000
Closed Cole Elizabeth A $209,000
Previous Owner Johnston Michael F $129,000
Previous Owner Johnston Michael F $45,000
Previous Owner Johnston Michael F $63,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/03/2023 04/03/23 Sold $220,000 -24.1% --
01/31/2023 01/31/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $290,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $11,572 $163,357 $54,857 $108,500
2024 $11,572 $152,386 $51,173 $101,213
2023 $10,998 $136,804 $45,940 $90,864
2022 $9,444 $128,875 $43,277 $85,598
2021 $8,842 $121,112 $40,670 $80,442
2020 $8,599 $117,130 $39,333 $77,797
2019 $8,080 $111,023 $37,282 $73,741
2018 $7,892 $106,722 $35,838 $70,884
2017 $7,497 $100,748 $33,832 $66,916
2016 $7,075 $94,422 $31,708 $62,714
2015 $6,914 $89,840 $30,169 $59,671
2014 $6,914 $89,840 $30,169 $59,671
2013 $6,914 $91,674 $30,785 $60,889
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11708365

Midwest Real Estate Data (MRED)

APN: 11-04-12-300-020

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