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1016 State Street Lockport, IL 60441

$1,749,900
Active / MLS# 12389488 / Multi Unit - Multiple / Lockport
0 Beds

Huge Price Drop - Don't Miss This Deal Exceptional Investment Opportunity Prime Downtown Lockport Property Seize a rare chance to own a remarkable asset in the heart of Downtown Lockport. This impressive three-story brick building, located at 1016 State St., was constructed in 2023 and offers a unique blend of luxury and versatility in an unbeatable location. The property features four modern, high-end residential rentals alongside a flexible storefront/office space, making it an ideal investment opportunity. Fully leased, the building ensures immediate returns and is perfect for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. Key Features: Four Sophisticated units: Thoughtfully designed with contemporary finishes, offering residents a luxurious living experience. Storefront/Office Space: An obvious commercial space that provides excellent exposure, perfect for retail or office use. Just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This is your opportunity to invest in a high-yield, prime-location property that promises immediate cash flow and long-term value. Don't let this opportunity slip away-secure a top-tier asset in one of Lockport's most vibrant areas.

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 7,094.80 per month $3,888.67 Principal & Interest $2,695.75 Property Tax $510.39 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall Sleeve
Lot Size: 0.08 Acres
Stories: 3.0
Taxes: $32,349
Year Built: 2023

Feature Descriptions

Electric: Circuit Breakers
Exterior: Brick
Fire Protection: Alarm On Site
HVAC: Electric, Gas
Lot Dimensions: 55X95
Parcel#: 1104233260220000
Potential Use: Commercial, Condominium
Tenant Pays: Electricity
Units: 5

Location

See details and scored characteristics about this location.

Listing Office: Vylla Home

Listing Office Phone: 773-831-2000



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