NOT LISTED FOR SALE

818 S Jefferson St Lockport, IL 60441

Estimated Value: $487,783

8 Beds
8 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $397,000

Est. 23% increase in value since last sale

Current estimated payment $3,393/month

22 Days on Market

Highlights

  • Soaking Tub
  • Milne Grove Elementary School Rated A-
  • Heating Available

About This Home

As of December 2021

Bring your investors. A great revenue generator! Brick 4 unit building. Each unit is 2 bedrooms w/ 1 & 1/2 baths w/ back and front door entry. Large yard for tenants use. Laundry hook ups in unit. Fully rented on month to month. 8 parking spaces. Rents currently below market. New street and curbs just wrapping up. One tenant helps with grass cutting/snow removal. Excellent investment property! Walking distance to historical downtown Lockport, train station and major highway are in close proximity, Property is as-is in good condition.

Last Agent to Sell the Property

Arturo Martinez

Rhino Realty Group, Inc. License #475188271 Listed on: 09/23/2021

Last Buyer's Agent

Oscar Ochoa

Keller Williams Infinity License #475198375

Keller Williams Infinity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,700

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 48 x 180

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 8 Bathrooms
  • Soaking Tub

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Lockport Township High School

Utilities

  • Heating Available

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,700

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 4
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Laundry Hook-Up
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Laundry Hook-Up
  • Room: 4

Exterior Features

  • List Price: 449500
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Schools

  • High School: Lockport Township High School
  • Middle/Junior School District: 91

Lot Info

  • Lot Size Acres: 0.2
  • Lot Dimensions: 48 X 180
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 8700.46
  • Tax Year: 2020

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2016
Closed on
Dec 12, 2016
Sold by
Olczyk Richard A and Olczyk Cynthia M
Bought by
Real Rb Solutions Llc Lake 1 Series
Seller's Agent
Marjory Dore
Baird & Warner
Buyer's Agent
Jeff Ristine
Keller Williams Infinity
List Price
$299,900
Sold Price
$270,000
Premium/Discount to List
-$29,900
-9.97%
Current Estimated Value
$487,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,783
Avg. Annual Appreciation
6.98%
Original Mortgage
$472,500
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2004
Sold by
Novak Robert A and Novak Bonnie
Bought by
Olczyk Richard A and Olczyk Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.88%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Real Rb Solutions Llc Lake 1 Series $270,000 Attorneys Title Guaranty Fun
Olczyk Richard A $320,000 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Real Rb Solutions Llc Lake 1 Series $472,500
Previous Owner Olczyk Richard A $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2021 12/22/21 Sold $397,000 -11.7% --
10/17/2021 10/17/21 Pending -- -- --
10/14/2021 10/14/21 For Sale -- -- --
10/01/2021 10/01/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $449,500 +66.5% --
12/21/2016 12/21/16 Sold $270,000 -10.0% -- View Prior Sale
11/20/2016 11/20/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $299,900 0.0% --
04/19/2016 04/19/16 Pending -- -- --
04/02/2016 04/02/16 For Sale $299,900 0.0% --
02/28/2016 02/28/16 Pending -- -- --
02/20/2016 02/20/16 For Sale $299,900 -- --
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 $9,555 $111,292 $18,196 $93,096
2023 $9,555 $99,912 $16,335 $83,577
2022 $8,458 $91,873 $15,021 $76,852
2021 $8,563 $91,873 $15,021 $76,852
2020 $8,649 $91,873 $15,021 $76,852
2019 $8,700 $91,873 $15,021 $76,852
2018 $8,456 $87,158 $14,250 $72,908
2017 $8,661 $87,158 $14,250 $72,908
2016 $8,885 $87,158 $14,250 $72,908
2015 $8,837 $87,158 $14,250 $72,908
2014 $8,837 $80,701 $13,194 $67,507
2013 $8,837 $80,701 $13,194 $67,507
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11229168

Midwest Real Estate Data (MRED)

APN: 11-04-23-404-018