$ 2,000,000
1016 State ST Lockport, IL 60441
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$ 2,000,000
Est. payment | /mo
$ 2,000,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12155199
Maintenance Fees $4,407
Year Built 2023
Annual Tax Amount $27,209
Tax Year 2023
Lot Dimensions 55X95
Property Description
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.
Location
State IL
County Will
Area Homer / Lockport
Zoning MULTI
Interior
Cooling Central Air, Wall Sleeve
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Robert Miller • Vylla Home
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "