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1100 S State Street Lockport, IL $ 2,000,000
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1100 S State Street
$ 2,000,000
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1100 S State Street

Lockport, IL, 60441
$ 2,000,000
Bedrooms8 Baths0.0

Monthly Estimate*

$ 12,314

1100 S State Street, Lockport, IL 60441 - Image 1
1100 S State Street, Lockport, IL 60441 - Image 2
1100 S State Street, Lockport, IL 60441 - Image 3
1100 S State Street, Lockport, IL 60441 - Image 4
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1100 S State Street, Lockport, IL 60441 - Image 7
1100 S State Street, Lockport, IL 60441 - Image 8
1100 S State Street, Lockport, IL 60441 - Image 9
1100 S State Street, Lockport, IL 60441 - Image 10
1100 S State Street, Lockport, IL 60441 - Image 11
1100 S State Street, Lockport, IL 60441 - Image 12
1100 S State Street, Lockport, IL 60441 - Image 13
1100 S State Street, Lockport, IL 60441 - Image 14
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1100 S State Street, Lockport, IL 60441 - Image 17
1100 S State Street, Lockport, IL 60441 - Image 18

Multi-Family Home for sale in Lockport, IL

for $2,000,000 with 8 bedrooms. This home was built in 1895 on a lot size of 0.310859.

Historic mixed-use investment opportunity in Downtown Lockport featuring a stabilized income stream and long-term upside. Above the retail space are five fully leased apartments with spacious layouts, including large two-bedroom and unique two-story units, providing consistent residential income. The property includes a well-established restaurant tenant on a 10-year lease with annual increases, occupying approximately 4,500 SF and covering key utilities-helping reduce operating expenses.

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Multi-Family Active

Price

$ 2,000,000

Bedrooms

8

Property Type

Multi-Family

Taxes

$ 11,949

Style

Multi-Family

Lot Size

0.310859

Year Built

1895

Town/City

Lockport

County/Region

Will

MLS | Web ID

12569469
Features
General
Cooling Central Air Central Individual
Zoning COMMR
Year Built 1895
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 2
Tax Year 2024
Current Use Multi-Family
Gross Income 207000
County Will
Net Operating Income 158561
Operating Expense 53160
Insurance Expense 7000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 3600
Possible Use Commercial Multi-Family
Status New
Directions 171/ARCHER AVE/STATE STREET IN CENTER OF DOWNTOWN TO 11TH. ON NORTH EAST CORNER OF STATE & 11TH
City Lockport
Number Of Units Total 6
MLS Area Homer / Lockport
Lot Size Square Feet 13541
Tax Annual Amount 11949
Electric Expense 1800
Fuel Expense 0
Trash Expense 3840
Water Sewer Expense 8400
Additional Parcels Y/N N
Standard Status Active
Cap Rate 7.93
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Interior
Basement Storage Space
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Exterior
Lot Dimensions 13541
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* Excluded Features
List By
Listing Leaders Northwest, Inc

Broker

anthony.munoz1@outlook.com;amunoz@ajcommercialgroup.com

Email

Affordability Calculator

$13,310
Per Month
93%
7%
0%
Monthly Principal & Interest
$12,314
Monthly Property Taxes
$996
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/17/2026$2,000,000 Listed Price

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1100 S State Street, Lockport, IL, 60441 is a Multi-Family Home for sale at $2,000,000 with a lot size of 0.310859. 1100 S State Street has 8 bedrooms, 0.0 baths, and was built in 1895. The property's zip code is 60441 which is in Lockport, IL

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