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1509-1511 East Street Lockport, IL $ 349,000
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$ 349,000 Get more info
1509-1511 East Street
$ 349,000
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1509-1511 East Street

Lockport, IL, 60441
$ 349,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 2,149

1509-1511 East Street, Lockport, IL 60441 - Image 1
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1509-1511 East Street, Lockport, IL 60441 - Image 11

Multi-Family Home for sale in Lockport, IL

for $349,000 with 4 bedrooms and 2 full baths. This home was built in 1966.

Exceptional investment opportunity in the heart of Lockport! This well-maintained 2-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. PROO OF FUNDS REQUIRED FOR BEFORE ALL SHOWING APPROVAL

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Multi-Family Contingent

Price

$ 349,000

Bedrooms

4

Full Bath

2

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 20400
County Will
Net Operating Income 7075
Insurance Expense 2785
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 10
Status Contingent
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 Under Contract
Middle/Junior School District 90
Elementary School District 90
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Interior
Basement Unfinished Full
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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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

$2,878
Per Month
75%
25%
0%
Monthly Principal & Interest
$2,149
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/18/2026$349,000 -22.27% Price Down
2/19/2026$449,000 Listed Price

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1509-1511 East Street, Lockport, IL, 60441 is a Multi-Family Home for sale at $349,000. 1509-1511 East Street has 4 bedrooms, 2.0 baths, and was built in 1966. The property's zip code is 60441 which is in Lockport, IL

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