1016 State Street Lockport, IL $ 1,749,900
1016 State Street
$ 1,749,900
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1016 State Street

Lockport, IL, 60441
$ 1,749,900
Bedrooms2 Baths0.0

Monthly Estimate*

$ 10,917

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Multi-Family Home for sale in Lockport, IL

for $1,749,900 with 2 bedrooms. This home was built in 2023 on a lot size of 0.075758.

Huge Price Drop - Don't Miss This Deal Exceptional Investment Opportunity Prime Downtown Lockport Property Seize a rare chance to own a remarkable asset in the heart of Downtown Lockport. This impressive three-story brick building, located at 1016 State St., was constructed in 2023 and offers a unique blend of luxury and versatility in an unbeatable location. The property features four modern, high-end residential rentals alongside a flexible storefront/office space, making it an ideal investment opportunity. Fully leased, the building ensures immediate returns and is perfect for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. Key Features: Four Sophisticated units: Thoughtfully designed with contemporary finishes, offering residents a luxurious living experience. Storefront/Office Space: An obvious commercial space that provides excellent exposure, perfect for retail or office use. Just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This is your opportunity to invest in a high-yield, prime-location property that promises immediate cash flow and long-term value. Don't let this opportunity slip away-secure a top-tier asset in one of Lockport's most vibrant areas.

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Multi-Family Active

Price

$ 1,749,900

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 32,349

Style

Lot Size

0.075758

Year Built

2023

Town/City

Lockport

County/Region

Will

MLS | Web ID

12389488

Features
General
Cooling Central Air Wall Sleeve
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 2023
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 3
Township Lockport
Tax Year 2024
Gross Income 146904
County Will
Net Operating Income 100092
Operating Expense 44380
Insurance Expense 3500
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Commercial
Status Active
Directions 3 miles south of I-355 at Archer Ave.
City Lockport
Number Of Units Total 5
MLS Area Homer / Lockport
Lot Size Square Feet 3300
Tax Annual Amount 32349
Electric Expense 0
Fuel Expense 0
Trash Expense 780
Water Sewer Expense 3600
Additional Parcels Y/N N
Virtual Tour https://vimeo.com/1008870386?share=copy
Standard Status Active
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Interior
Total Fireplaces 0
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Exterior
Lot Dimensions 55X95
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* Excluded Features
List By
Vylla Home

Broker

bobmiller710@gmail.com;robertmillerhomes@gmail.com

Email

Affordability Calculator

$13,613
Per Month
80%
20%
0%
Monthly Principal & Interest
$10,917
Monthly Property Taxes
$2,696
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/21/2025$1,749,900 -2.51% Price Down
6/10/2025$1,795,000 Listed Price

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1016 State Street, Lockport, IL, 60441 is a Multi-Family Home for sale at $1,749,900 with a lot size of 0.075758. 1016 State Street has 2 bedrooms, 0.0 baths, and was built in 2023. The property's zip code is 60441 which is in Lockport, IL