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$1,250,000
Est. payment /mo
0.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12405454
Year Built 1979
Annual Tax Amount $13,682
Tax Year 2023
Lot Size 0.420 Acres
Lot Dimensions 18091
Property Sub-Type Multi Family 5+
Property Description
Prime Investment Opportunity in Lockport! This well-maintained 8-unit apartment complex offers strong rental income in a desirable neighborhood. This building features a total of 14 bedrooms and 10 bathrooms across a unit mix of: (2) 2-bed/2-bath, (2) 1-bed/1-bath, and (4) 2-bed/1-bath units. Tenants pay for electricity and internet, keeping overhead low for owners. Recent capital improvements include 2 updated laundry rooms with new coin-operated (2) washers and (2) dryers, newly painted hallways, modern hallway lighting, stylish front/rear entry doors, water heaters (2021), roof replacement (2015) and balconies (2025). Each unit includes two exterior parking spots for convenience. Ideally located near downtown Lockport, the Metra, Dellwood Park Community Center, and top-rated schools, this turnkey property is a fantastic addition to any investment portfolio. Don't miss your chance to own this money-making gem today!
Location
State IL
County Will
Zoning MULTI
Rooms
Basement None
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
Utilities Available Water Available
View Y/N true
Building
Structure Type Brick,Cedar
Others
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Listed by Melissa Kingsbury • Redfin Corporation