R
Seller's Agent in 2022
Reid Specht
Hoff, Realtors
(708) 403-4444
2 in this area
8 Total Sales
557 E Division St Lockport, IL 60441
South Lockport NeighborhoodEstimated Value: $333,000 - $548,698
8
Beds
4
Baths
--
Sq Ft
0.32
Acres
Highlights
- Ranch Style House
- Forced Air Heating System
- 4-minute walk to Rotary Park
- Lockport Township High School East Rated A
- Paved or Partially Paved Lot
About This Home
As of March 2022A CASHFLOW KING! SIT BACK AND COLLECT YOUR MONTHLY RENTS WHILE YOU JUST PAY LOW TAXES ($7818) AND INSURANCE! NO COMMON AREA MAINTENANCE OR UTILITIES. ALL UNITS PAY WATER, ELECTRIC, GAS, & GARBAGE EXPENSES. 2 BUILDINGS ON 1 PIN TO MAKE UP A 4 UNIT. NEW OWNERS DID A PHENOMENAL CLEAN UP & REMODEL JOB ON THE PROPERTY TO INCREASE THE RENTS FROM $3200 TO $4950 PER MONTH AND THERE'S STILL ROOM TO GROW! PROFESSIONALLY REMODELED UNIT BRINGS IN $1400/MONTH SO THERES ROOM TO GROW ON OTHER 3 UNITS! CHECK OUT THE NEW KITCHEN LAYOUT ON THE REMODELED UNIT THAT GIVES MORE COUNTER SPACE AND ADDS A DISHWASHER! VERY SPACIOUS UNITS! CENTRAL AIR IN ALL UNITS! LAUNDRY HOOK UP & HARDWOOD FLOORS IN ALL UNITS! 2 FURNACES & C/A UNIT (2019), 1 FURNACE (2020), 2 HWH'S (2020). UPGRADED 100 AMP PANELS! BOTH ROOFS REPLACED IN 2013. WINDOWS REPLACED IN 2005. TRULY MAINTENANCE FREE EXTERIOR WITH BRICK BUILDINGS & ALUMINUM SOFFITS/FASCIA/GUTTERS! COME SEE WHAT A LANDLORD'S DREAM LOOKS LIKE! VACANT UNIT NEEDS TO BE REMODELED & WILL RENT FOR AT LEAST $1400 WHEN REMODELED. CONVENTIONAL OR CASH BUYERS ONLY, THANK YOU!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,819
Year Renovated
- 2019
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 66 x 152 x 132 x 50 x 66 x 101
- Paved or Partially Paved Lot
- Irregular Lot
Home Design
- Ranch Style House
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Basement
- Crawl Space
Parking
- 10 Parking Spaces
- Uncovered Parking
- Parking Included in Price
- Unassigned Parking
Schools
- Taft Grade Elementary And Middle School
- Lockport Township High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $1,916
- Gross Income $59,400
- Net Operating Income $49,968
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2018
Closed on
Jan 3, 2019
Sold by
Hedinger Brian
Bought by
Viking Empire Llc
Seller's Agent
Keith Wagner
RE/MAX of Naperville
Buyer's Agent
Reid Specht
Hoff, Realtors
List Price
$324,900
Sold Price
$305,000
Premium/Discount to List
-$19,900
-6.12%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,675
Avg. Annual Appreciation
4.88%
Original Mortgage
$228,750
Interest Rate
6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 13, 2018
Closed on
Dec 14, 2018
Sold by
Berardi Louis J and Bcrardi Fran
Bought by
Hedinger Brian
Seller's Agent
Keith Wagner
RE/MAX of Naperville
Buyer's Agent
Reid Specht
Hoff, Realtors
List Price
$324,900
Sold Price
$305,000
Premium/Discount to List
-$19,900
-6.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 13, 2017
Sold by
First Midwest Bank
Bought by
Berardi Louis J and Berardi Fran
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 15, 2005
Sold by
Greenway Charles T and Greenway Bettie L
Bought by
Standard Bank & Trust and Trust #18905
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.68%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Viking Empire Llc | -- | Attorney | |
| Hedinger Brian | $305,000 | Attorney | |
| Berardi Louis J | -- | Old Republic Title | |
| Standard Bank & Trust | $420,000 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hedinger Brian | $228,750 | |
| Previous Owner | Berardi Louis J | $210,000 | |
| Previous Owner | Standard Bank & Trust | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2022 03/03/22 | Sold | $475,000 | 0.0% | -- |
| 01/26/2022 01/26/22 | Pending | -- | -- | -- |
| 01/24/2022 01/24/22 | For Sale | $475,000 | +55.7% | -- |
| 12/18/2018 12/18/18 | Sold | $305,000 | -6.1% | -- |
| 08/19/2018 08/19/18 | Pending | -- | -- | -- |
| 07/13/2018 07/13/18 | For Sale | $324,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,692 | $120,631 | $33,593 | $87,038 |
| 2023 | $9,692 | $108,296 | $30,158 | $78,138 |
| 2022 | $8,371 | $96,135 | $26,771 | $69,364 |
| 2021 | $7,989 | $90,344 | $25,158 | $65,186 |
| 2020 | $7,819 | $87,374 | $24,331 | $63,043 |
| 2019 | $7,506 | $82,819 | $23,063 | $59,756 |
| 2018 | $9,965 | $107,488 | $21,748 | $85,740 |
| 2017 | $9,428 | $98,516 | $19,933 | $78,583 |
| 2016 | $8,576 | $87,435 | $17,691 | $69,744 |
| 2015 | $8,341 | $80,770 | $16,343 | $64,427 |
| 2014 | $8,341 | $79,187 | $16,023 | $63,164 |
| 2013 | $8,341 | $93,160 | $18,850 | $74,310 |
Source: Public Records
Agents Affiliated with this Home
-
Reid Specht
-
Michael Scanlon
Buyer's Agent in 2022
Michael Scanlon
eXp Realty
(773) 630-9205
4 in this area
688 Total Sales
-
K
Seller's Agent in 2018
Keith Wagner
RE/MAX
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11310326
APN: 11-04-26-202-016
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