NOT LISTED FOR SALE

309 May St Lockport, IL 60441

Estimated Value: $221,000 - $295,000

4 Beds
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold January 07, 2022

Last sale price $160,000

Est. 62% increase in value since last sale

Current estimated payment $1,936/month

249 Days on Market

About This Home

As of January 2022

Great Investment opportunity! Rent both units or live in one and rent the other. Each unit has two bedrooms and one bath. Great income potential. Lower unit could rent for $1100+, Separate meters, two furnaces, Beautiful natural woodwork. Upper tenant has lease until March 2022. Two separate furnaces and two car garage. Lockport Schools!

Last Agent to Sell the Property

Melissa Bell

Coldwell Banker Real Estate Group License #471004404 Listed on: 03/07/2021

Coldwell Banker Real Estate Group

Last Buyer's Agent

Kevin Burke

RE/MAX 10 License #475137180

RE/MAX 10

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,267

Lot Details

  • 6,970

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Steel Siding

Unfinished Basement

  • Stone or Rock in Basement

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,267

Lot Details

0

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Property Type: Residential Income
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Architectural Style: Prairie
  • Directions: State Street to Division East to Daviess to May Str
  • Lot Size: 60.3X124.3X60.3X124.6
  • New Construction: No
  • Ownership: Fee Simple
  • MRD_AP1: Stove,Refrigerator,Washer,Dryer
  • MRD_AP2: Stove,Refrigerator
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full
  • Basement Description: Unfinished,Stone/Rock
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Porch
  • Foundation Details: Stone
  • Exterior Building Type: Steel Siding
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Heating: Natural Gas
  • Sewer: Septic Shared
  • Water Source: Private Well

Schools

  • Elementary School: Taft Grade School
  • Junior High Dist: 205
  • Middle Or Junior School: Taft Grade School

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4853.76
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2021
Closed on
Dec 8, 2021
Sold by
Pictrzycki Christopher M and Pictrzycki Jamie
Bought by
Hardwood Forest Management Llc
Seller's Agent
Melissa Bell
Coldwell Banker Real Estate Group
Buyer's Agent
Kevin Burke
RE/MAX 10
Sold Price
$160,000
Current Estimated Value
$259,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,396
Avg. Annual Appreciation
13.59%
Original Mortgage
$155,825
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2006
Sold by
Arroyo William and Arroyo Teresa
Bought by
Pietrzycki Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2004
Sold by
Misevich Richard V and Misevich Jean A
Bought by
Arroyo William and Arroyo Teresa
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hardwood Forest Management Llc $160,000 American National Title
Pietrzycki Christopher M $185,000 Ticor Title Ins Co 2002
Arroyo William $140,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardwood Forest Management Llc $171,750
Closed Hardwood Forest Management Llc $155,825
Previous Owner Pietrzycki Chris $67,000
Previous Owner Pietrzycki Christopher M $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $160,000 -20.0% --
11/10/2021 11/10/21 Pending -- -- --
10/01/2021 10/01/21 For Sale -- -- --
08/20/2021 08/20/21 Pending -- -- --
06/24/2021 06/24/21 For Sale -- -- --
06/02/2021 06/02/21 Pending -- -- --
04/22/2021 04/22/21 Price Changed $199,900 -2.5% --
04/14/2021 04/14/21 For Sale $205,000 0.0% --
04/07/2021 04/07/21 Pending -- -- --
03/31/2021 03/31/21 Price Changed $205,000 -2.4% --
03/20/2021 03/20/21 Price Changed $210,000 -2.3% --
03/06/2021 03/06/21 For Sale $215,000 -- --
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 $6,267 $70,029 $17,001 $53,028
2022 $4,643 $62,165 $15,091 $47,074
2021 $5,166 $58,420 $14,182 $44,238
2020 $5,056 $56,499 $13,716 $42,783
2019 $4,854 $53,554 $13,001 $40,553
2018 $4,280 $46,163 $12,259 $33,904
2017 $4,049 $42,310 $11,236 $31,074
2016 $3,683 $37,551 $9,972 $27,579
2015 $3,953 $34,689 $9,212 $25,477
2014 $3,953 $34,008 $9,031 $24,977
2013 $3,953 $40,010 $10,625 $29,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11013081

Midwest Real Estate Data (MRED)

APN: 11-04-27-203-004