NOT LISTED FOR SALE

Estimated Value: $1,022,686

Studio
-- Baths
-- Sq Ft
1976 Built

Sale Details

Date Sold: May 5, 2025

Last sale price $1,230,000

Est. 17% decrease in value since last sale

Current estimated payment $6,715 / mo

185 Days on Market

Highlights

  • Laundry Room
  • Baseboard Heating
  • 4-minute walk to Dellwood Park
  • Lockport Township High School East Rated A
  • Wood Siding

About This Home

As of May 2025

Seize a rare opportunity to own a beautifully remodeled 8-unit building in the vibrant heart of Lockport. This property offers six spacious 2-bedroom, 1-bathroom units and two charming 1-bedroom, 1-bathroom units, making it a versatile investment with broad appeal. Each unit is meticulously maintained, boasting generously sized bedrooms and ample closet space to meet all storage needs. These rentals stand out in the market for their quality and attention to detail. Ideally located within walking distance of the Park District and Challenge Fitness, the property is also close to restaurants, parks, shopping centers, schools, the train station, and major highways. This prime location is perfect for tenants seeking convenience and easy access to a wide range of amenities. With a focus on comfort, sophistication, and practicality, this property offers a strong return on investment for the discerning investor. Six of the eight units have been remodeled. All units in the building operate fully on electric and benefit from a newly installed water softener for enhanced convenience. Recent upgrades, including the roof, windows, and doors just four years ago, ensure peace of mind for future ownership. The property also offers additional income potential with on-site washer and dryer amenities, providing a convenient service for tenants while boosting revenue. Don't miss this exceptional opportunity to secure a prime real estate investment in Lockport!

Last Agent to Sell the Property

Robert Miller

Vylla Home License #475133786 Listed on: 02/05/2025

Vylla Home

Last Buyer's Agent

Nabiha Salim

City Habitat Realty LLC License #475175951

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,192

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 80x123
  • Additional Parcels

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Gable Roof Shape
  • Brick Exterior Construction
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Fire Suppression System
  • Laundry Room

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $2,400
  • Insurance Expense $5,500
  • Manager Expense $5,000
  • Trash Expense $1,200
  • Water Sewer Expense $3,600
  • Operating Expense $42,140
  • Gross Income $133,380
  • Net Operating Income $91,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,192

Year Built

Built in 1976

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1976
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: None
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fire Protection: Fire Extinguisher/s
  • Misc Inside: Laundry Room
  • Fireplaces: 1
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood
  • Foundation Details: Concrete Perimeter
  • Roof Structure: Gable

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Service - 0 to 100 Amps
  • Heat/Ventilation: Baseboard

Condo/Co-op/Association

  • Manager Expense: 5000
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 3600

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 80X123
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases,Month To Month

Building Info

  • Building Unit Info: Smoke/Alarm Detector,Storage/Locker Area

Multi Family

  • Net Operating Income: 91240
  • Insurance Expense: 5500
  • ElectricExpense: 2400
  • GrossIncome: 133380
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 42140
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 14192
  • Tax Year: 2023

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
Feb 5, 2025
Closed on
Apr 30, 2025
Sold by
D & H Property Management Co Llc
Bought by
Seller's Agent
Robert Miller
Vylla Home
Buyer's Agent
Nabiha Salim
City Habitat Realty LLC
List Price
$1,299,900
Sold Price
$1,230,000
Premium/Discount to List
-$69,900
-5.38%
Views
68
Current Estimated Value
$1,022,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$207,314
Original Mortgage
$984,000
Outstanding Balance
$971,436
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2023
Sold by
2022 Lawrence Llc
Bought by
D & H Property Management Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 31, 2019
Sold by
Lfi Llc
Bought by
2022 Lawrence Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2018
Sold by
Lohmar Warren W and Lohmar Sarah A
Bought by
Lfi Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Lockport, IL

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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
$1,230,000 Chicago Title
D & H Property Management Co Llc $940,000 First American Title
2022 Lawrence Llc $520,000 First American Title
Lfi Llc -- Attorney
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 $984,000
Previous Owner D & H Property Management Co Llc $705,000
Previous Owner 2022 Lawrence Llc $400,000
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
05/05/2025 05/05/25 Sold $1,230,000 -5.4% --
02/24/2025 02/24/25 Pending -- -- --
02/05/2025 02/05/25 For Sale $1,299,900 -3.7% --
08/22/2024 08/22/24 For Sale $1,350,000 -- --
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 $12,861 $165,187 $28,751 $136,436
2024 $12,861 $165,187 $28,751 $136,436
2023 $13,271 $165,187 $28,751 $136,436
2022 $13,226 $151,896 $26,438 $125,458
2021 $13,432 $151,896 $26,438 $125,458
2020 $13,593 $151,896 $26,438 $125,458
2019 $13,767 $151,896 $26,438 $125,458
2018 $13,360 $144,100 $25,081 $119,019
2017 $13,791 $144,100 $25,081 $119,019
2016 $14,134 $144,100 $25,081 $119,019
2015 $13,183 $144,100 $25,081 $119,019
2014 $13,183 $133,426 $23,223 $110,203
2013 $13,183 $133,426 $23,223 $110,203
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12145424

Midwest Real Estate Data (MRED)

APN: 11-04-26-214-005

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