NOT LISTED FOR SALE

628 S State St Lockport, IL 60441

Estimated Value: $309,900 - $331,000

4 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold October 10, 2023

Last sale price $305,000

Est. 6% increase in value since last sale

Current estimated payment $2,314/month

3 Days on Market

Highlights

  • Deck
  • Corner Lot
  • 2 Car Detached Garage
  • Milne Grove Elementary School Rated 9+
  • Balcony
  • 4-minute walk to Lincoln Landing Park

About This Home

As of October 2023

a very nice 2unit building that is totally rented. the garage is rented out for $75.00 a month. the first floor has 2 bedrooms and 2 bathrooms. the 2nd floor has 2 bedrooms and 1 bathroom. This unit is close to downtown and train station. There is room to raise the rents. tenants pay the electric and landlord pays gas and water

Last Agent to Sell the Property

Arthur Boyce

Boyce Real Estate License #471000248 Listed on: 09/06/2023

Last Buyer's Agent

Jake Wirtz

Wirtz Real Estate Group Inc. License #475182024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,320

Year Renovated

  • 2007

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66x120
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Assigned Parking

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch

Schools

  • Lockport Township High School

Utilities

  • Heating System Uses Natural Gas
  • Community Well
  • Gas Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,026
  • Insurance Expense $1,358
  • Trash Expense $588
  • Water Sewer Expense $1,452
  • Gross Income $27,900
  • Net Operating Income $14,569

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,320

Year Renovated

2007

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2007
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2007

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: Water Heater-Gas
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished,Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Porch
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Assigned
  • ParkingTotal: 4
  • Number of Cars: 6
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas
  • Water Source: Community Well

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 588
  • Water Sewer Expenses: 1452

Schools

  • High School: Lockport Township High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 66X120
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 14569
  • Fuel Expense: 2026
  • Insurance Expense: 1358
  • GrossIncome: 27900
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6319.86
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2023
Sold by
Martinez Nicholas T and Martinez Huyen Mai
Bought by
Nicholas T Martinez And Huyen Mai Le Revocabl and Le
Current Estimated Value
$324,225

Purchase Details

Closed on
Oct 9, 2019
Sold by
Boyce Arthur and Boyce Alice
Bought by
Boyce Arthur M and Boyce Alice A

Purchase Details

Closed on
Mar 20, 2019
Sold by
Boyce Arthur M
Bought by
Boyce Arthur M and Boyce Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2006
Sold by
Lasko Rick T and Lasko Laura L
Bought by
Boyce Arthur M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,400
Interest Rate
6.34%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 17, 1999
Sold by
Pesavento Stephen J
Bought by
Lasko Rick T and Lasko Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nicholas T Martinez And Huyen Mai Le Revocabl -- None Listed On Document
Boyce Arthur M -- None Available
Boyce Arthur M -- Chicago Title
Boyce Arthur M $268,000 Multiple
Lasko Rick T $155,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boyce Arthur M $180,000
Previous Owner Boyce Arthur M $214,400
Previous Owner Lasko Rick T $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2023 10/10/23 Sold $305,000 -7.5% --
09/10/2023 09/10/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $329,900 -- --
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
2024 $7,397 $86,160 $20,958 $65,202
2023 $7,397 $77,350 $18,815 $58,535
2022 $6,642 $72,152 $17,550 $54,602
2021 $6,320 $67,806 $16,493 $51,313
2020 $6,173 $65,577 $15,951 $49,626
2019 $5,886 $62,158 $15,119 $47,039
2018 $5,575 $57,462 $13,976 $43,486
2017 $5,183 $52,160 $12,687 $39,473
2016 $4,905 $48,115 $11,703 $36,412
2015 $5,498 $52,220 $10,407 $41,813
2014 $5,498 $50,212 $10,007 $40,205
2013 $5,498 $51,237 $10,211 $41,026
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11866748

Midwest Real Estate Data (MRED)

APN: 11-04-23-150-005