1509 East Street Lockport, IL $ 449,000
1509 East Street
$ 449,000
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1509 East Street

Lockport, IL, 60441
$ 449,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 2,765

1509 East Street, Lockport, IL 60441 - Image 1
1509 East Street, Lockport, IL 60441 - Image 2
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1509 East Street, Lockport, IL 60441 - Image 4
1509 East Street, Lockport, IL 60441 - Image 5
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1509 East Street, Lockport, IL 60441 - Image 7
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1509 East Street, Lockport, IL 60441 - Image 9
1509 East Street, Lockport, IL 60441 - Image 10
1509 East Street, Lockport, IL 60441 - Image 11

Multi-Family Home for sale in Lockport, IL

for $449,000 with 7 bedrooms and 3 full baths. This home was built in 1966.

Exceptional investment opportunity in the heart of Lockport! This well-maintained 3-unit brick building, built in 1966, is ideally located just minutes from historic downtown Lockport, the Metra station, restaurants, shopping, dining, and convenient access to I-355. The property features a strong, documented rental history with consistent occupancy, making it a true turnkey income property. Long-term tenants and stable cash flow highlight the property's performance, while solid construction and thoughtful upkeep reflect pride of ownership. Separate utilities (if applicable), on-site parking, and low-maintenance exterior elements add to its appeal for both seasoned and first-time investors. Positioned in a high-demand rental area near downtown Lockport, this stabilized multifamily asset offers dependable income and long-term upside potential. A rare opportunity to secure a proven performer in a desirable location.PROPERTY SOLD AS IS. INSPECTION NO REQUESTS ONLY. PRE APPROVAL REQUIRED FOR ALL SHOWINGS SHOWINGS START 2/19/26

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Multi-Family Active

Price

$ 449,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,745

Style

Year Built

1966

Town/City

Lockport

County/Region

Will

MLS | Web ID

12567784

Features
General
Sewer Public Sewer
Heating Forced Air
Possession Closing
Construction Materials Vinyl Siding Brick
Year Built 1966
Township Lockport
Tax Year 2024
Ownership Fee Simple
Gross Income 29700
County Will
Net Operating Income 16376
Insurance Expense 2785
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status New
Directions IL-171 TO E9TH ST RT RO LINCOLN TO 1505 EAST ST
High School Lockport Township High School
City Lockport
High School District 205
MLS Area Homer / Lockport
Elementary School Taft Grade School
Tax Annual Amount 8745
Middle/Junior High School Taft Grade School
Water Sewer Expense 1421
Standard Status Active
Middle/Junior School District 90
Elementary School District 90
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Interior
Basement Unfinished Full
Total Bedrooms 7
Total Baths 3
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Unassigned Yes Owned
Water Source Public
Total Parking 3
Foundation Details Concrete Perimeter
Lot Dimensions LESS THAN .25 ACRES
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner

Broker

mark.damas@bairdwarner.com

Email

Affordability Calculator

$3,493
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,765
Monthly Property Taxes
$729
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
1853879 Elementary School
1884139 Middle School
Lockport Township High School High School
Pricing History
DatePricePrice ChangeDescription
2/19/2026$449,000 Listed Price

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1509 East Street, Lockport, IL, 60441 is a Multi-Family Home for sale at $449,000. 1509 East Street has 7 bedrooms, 3.0 baths, and was built in 1966. The property's zip code is 60441 which is in Lockport, IL