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    1715 S State Street

    Lockport, IL 60441
    • $365,000
    • STATUS: Closed
    • ON SITE: 62 days
    • MLS #: 11110381
    Sold - 08/02/2021
    $365,000
    SOLD - 08/02/2021
    • 8
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    School District:
    90

    Description

    GREAT INVESTMENT WITH CAP RATE OF 10.41% AND MULTIPLE RENTAL UNITS ON THIS PROPERTY!! ALL UNITS ARE RENTED. PROPERTY FEATURES A COMPLETELY UPDATED SINGLE FAMILY HOME SITUATED ON THE FRONT OF THE PROPERTY FEATURING 3 LARGE BEDROOMS WITH 1 ON THE MAIN LEVEL. THE MASTER BEDROOM HAS A FULL BATHROOM WITH A WALK-IN SHOWER AND A WALK-IN CLOSET. THE 2 FLAT APARTMENT BUILDING HAS A LOWER UNIT FEATURING 3 BEDROOMS AND 1 BATHROOM, AND AN UPPER UNIT WITH 2 BEDROOMS AND ONE BATHROOM. BOTH UNITS HAVE IN UNIT LAUNDRY AND A BALCONY FOR OUTSIDE SITTING. THERE IS A LARGE 3 CAR GARAGE (ALL 3 GARAGES RENTED SEPARATELY) AND A 1600 SQ FT STORAGE GARAGE. GARAGES AND STORAGE UNIT RENTAL AMOUNT $8400 A YEAR. TOTAL FOR ALL UNITS RENTED $41,400.00 A YEAR WITH A CAP RATE OF 10.27%. FIVE SEPARATE MONTHLY RENTAL INCOMES!! ALL NEW ROOFS, NEWER HVAC SYSTEMS, NEW LANDSCAPING, LOTS OF PARKING AND MUCH MORE! LANDLORD CURRENTLY LIVES ON PREMISSES. CALL TODAY FOR ADDITIONAL INFORMATION!

    Sold by D'aprile Properties.

    Monthly Payment Calculator



    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-08-05T10:51:54.19 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1715 S State Street Lockport, IL 60441

    • Price: $359,900
    • Status: Closed
    • Updated: 21 min ago
    • MLS #: 11110381
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    Neighborhood:
    Homer / Lockport
    County:
    Will
    Area:
    Homer / Lockport
    School District:
    90
    Property Description
    GREAT INVESTMENT WITH CAP RATE OF 10.41% AND MULTIPLE RENTAL UNITS ON THIS PROPERTY!! ALL UNITS ARE RENTED. PROPERTY FEATURES A COMPLETELY UPDATED SINGLE FAMILY HOME SITUATED ON THE FRONT OF THE PROPERTY FEATURING 3 LARGE BEDROOMS WITH 1 ON THE MAIN LEVEL. THE MASTER BEDROOM HAS A FULL BATHROOM WITH A WALK-IN SHOWER AND A WALK-IN CLOSET. THE 2 FLAT APARTMENT BUILDING HAS A LOWER UNIT FEATURING 3 BEDROOMS AND 1 BATHROOM, AND AN UPPER UNIT WITH 2 BEDROOMS AND ONE BATHROOM. BOTH UNITS HAVE IN UNIT LAUNDRY AND A BALCONY FOR OUTSIDE SITTING. THERE IS A LARGE 3 CAR GARAGE (ALL 3 GARAGES RENTED SEPARATELY) AND A 1600 SQ FT STORAGE GARAGE. GARAGES AND STORAGE UNIT RENTAL AMOUNT $8400 A YEAR. TOTAL FOR ALL UNITS RENTED $41,400.00 A YEAR WITH A CAP RATE OF 10.27%. FIVE SEPARATE MONTHLY RENTAL INCOMES!! ALL NEW ROOFS, NEWER HVAC SYSTEMS, NEW LANDSCAPING, LOTS OF PARKING AND MUCH MORE! LANDLORD CURRENTLY LIVES ON PREMISSES. CALL TODAY FOR ADDITIONAL INFORMATION!
    Exterior Features

    Architectural Style Farmhouse Exterior Building Type FrameConcrete Foundation Details Concrete Perimeter Garage Details None/Na Garage On Site Yes Garage Ownership Owned Garage Type Detached Number Of Cars 3 Parking Garage Unit1 Floor Level 1 Unit2 Floor Level 1 Unit3 Floor Level 2 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorWasherDryerDishwasherCentral Air ConditionerLaundry Hook-UpHardwood FloorsWalk-In Closet Appliances Features Unit2 StoveRefrigeratorWasherDryer Appliances Features Unit3 StoveRefrigeratorWasherDryer Basement Full Basement Description Unfinished Bathrooms Total Integer 4 Bedrooms Below Grade 0 Bedrooms Possible 8 Full Baths In Building 4 Full Baths In Unit1 2 Full Baths In Unit2 1 Full Baths In Unit3 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Heating Natural GasElectricForced Air Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 3 Number Of Bedrooms Unit3 2 Number Of Rooms Unit1 8 Number Of Rooms Unit2 4 Number Of Rooms Unit3 3 Other Equipment Ceiling Fan(S)Sump Pump Rooms Total 15

    Property Features

    Age Description Unknown Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Corporate Limits Lockport General Information School Bus ServiceCommuter BusCommuter Train Gross Income 39294 Lease Exp Date Mo Yr Unit1 12/21 Lease Exp Date Mo Yr Unit2 12/21 Lease Exp Date Mo Yr Unit3 12/21 Lot Size .25-.49 Acre Lot Size Dimensions 243X65X236X65 Net Operating Income 36294 New Construction YN No Other Addl Income Garage/S Property Sub Type 2 Flat2 Story Unit/S Rebuilt YN No Rehab YN No Security Deposit Unit1 1200 Security Deposit Unit2 800 Security Deposit Unit3 750 Sewer Public SewerSewer-Storm Short Sale Not Applicable Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 4496.3 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeatScavengerSewerWater Tenant Pays Unit2 ElectricGasHeatScavengerSewerWater Tenant Pays Unit3 ElectricGasHeatScavengerSewerWater Total Rental Income 39294 Unit1 Rent 00 Unit2 Rent 750 Unit3 Rent 750 Water Source Public Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Preferred Rlty.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-08-05T10:51:54.19 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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