1316 Argo Lane Lockport, IL $ 699,900
1316 Argo Lane
$ 699,900
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1316 Argo Lane

Lockport, IL, 60441
$ 699,900
Bedrooms8 Baths4.0

Monthly Estimate*

$ 4,834

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Multi-Family Home for sale in Lockport, IL

for $699,900 with 8 bedrooms and 4 full baths.

ATTENTION INVESTORS! OUTSTANDING INCOME-PRODUCING OPPORTUNITY! This beautifully maintained and nicely updated four-unit building offers an exceptional opportunity to add a turnkey investment property to your portfolio! FULLY RENTED WITH IMPRESSIVE RENTAL INCOME and a strong history of long-term tenants, this property is an investor's dream! All four units have been thoughtfully updated and feature attractive kitchens with maple cabinetry and a full complement of appliances, beautifully appointed bathrooms with tile finishes, and the highly desirable convenience of IN-UNIT WASHERS AND DRYERS! Each unit is separately metered for gas and electric, providing added convenience and efficiency for property ownership. Plenty of off street parking. Pride of ownership shines throughout this well-cared-for building, offering an appealing combination of modern updates, established tenants, and excellent income potential. Whether you're a seasoned investor looking to expand your portfolio or seeking your first multi-unit investment, this is a fantastic opportunity to own a fully occupied, income-generating property! A RARE OPPORTUNITY TO ENJOY IMMEDIATE RENTAL INCOME FROM DAY ONE! Roof 12 years.

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Multi-Family Active

Price

$ 699,900

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,532

Style

Town/City

Lockport

County/Region

Will

MLS | Web ID

12785781

Features
General
Sewer Public Sewer
Heating Gas Forced Air Indv Controls
Possession Closing
Roof Asphalt
Construction Materials Brick Concrete
Township Lockport
Tax Year 2025
Ownership Fee Simple
Gross Income 76800
County Will
Net Operating Income 73200
Insurance Expense 2700
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 16
Status New
Directions 159th St .8 mi W of I-355 exit to Farrell Rd N to Argo
High School Lockport Township High School
City Lockport
High School District 205
MLS Area Homer / Lockport
Elementary School Walsh Elementary School
Tax Annual Amount 6532.84
Middle/Junior High School Oak Prairie Junior High School
Trash Expense 900
Standard Status Active
Middle/Junior School District 92
Elementary School District 92
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Interior
Basement None
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Off Street Side Apron Parking Lot Yes Owned
Water Source Public
Total Parking 5
Lot Dimensions 68X110
Waterfront Y/N N
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* Excluded Features
List By
Wirtz Real Estate Group Inc.

Broker

kim@kimwirtz.com

Email

Affordability Calculator

$5,378
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,834
Monthly Property Taxes
$544
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
1539546 Elementary School
1540292 Middle School
Lockport Township High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2026$699,900 Listed Price

Map


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1316 Argo Lane, Lockport, IL, 60441 is a Multi-Family Home for sale at $699,900. 1316 Argo Lane has 8 bedrooms and 4.0 baths. The property's zip code is 60441 which is in Lockport, IL