Lockport, IL 60441,105-107 E 7th ST
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Lockport, IL 60441,105-107 E 7th ST
Lockport, IL 60441,105-107 E 7th ST
Lockport, IL 60441,105-107 E 7th ST
Lockport, IL 60441,105-107 E 7th ST

$280,000

Est. payment /mo

$295,000

5.1%
Est.Price: ?

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105-107 E 7th ST Lockport, IL 60441

4 Beds

3 Baths

4,791 Sqft Lot

SOLD DATE : 06/10/2024

Key Details

Sold Price $280,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12011867

Sold Date 06/10/24

Bedrooms 4

Annual Tax Amount $8,969

Tax Year 2022

Lot Size 4,791 Sqft

Lot Dimensions 4975

Property Description

Attention savvy investors! This exceptional property presents a golden opportunity for maximizing your investment potential. Featuring a 2-unit residential building with a separate detached office space, this gem offers versatility and endless possibilities. Each residential unit boasts 2 bedrooms and 1 bathroom, while the office space is equipped with a convenient half bathroom. With a lot size of 4975 sqft and 6 parking spaces spread across 2 parking lots, convenience is key. Plus, each unit comes complete with its own water heater and furnace, ensuring comfort and autonomy for tenants. The upstairs unit has been recently refinished, adding a touch of modernity and appeal. With approximately 1600 sqft of livable space in the residential building, complemented by a 750 sqft basement and a 200 sqft office space, there's ample room for creativity and expansion. Additionally, note that the residential space currently has 2 tenants paying below market rent, but the property can be delivered vacant, offering potential for higher returns. With residential rentals in the area reaching up to $2000, the potential for lucrative returns is undeniable. Don't miss out on this rare opportunity to own a piece of prime real estate - seize the moment and make your mark on this investment today!

Location

State IL

County Will

Area Homer / Lockport

Rooms

Basement Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Roof Type Asphalt

Building

Sewer Public Sewer

Water Public

New Construction false

Schools

High Schools Lockport Township High School

School District 91 , 91, 205

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Oscar Darden • DEI Realty LLC
Bought with Amalia Guzman • Realty of Chicago LLC

Laurie Field

Real Estate Advisor

+1(312) 504-7010

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