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7 Properties Within 0.5 miles of: 1016 State, Lockport
This property has been relisted under a new number. Please click here to view the new listing.

1016 State
Lockport, IL 60441

  • Built In 2023
Price

$1,850,000

Est Payment
$12,074 / month (details)  
Taxes
$27,209  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
55X95  
Built
2023  
Neighborhood
Homer / Lockport  
MLS
#12372607
Status
Cancelled

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.

Property Map

Property Details

Utilities

  • Heating
  • Cooling Central Air, Wall Sleeve
  • Water
  • Sewer

Additional Information

Payment Calculator

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years
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Principal & Interest
$9,807
Property Tax
$2,267
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

05-22-2025 Listed at $1,850,000
06-10-2025 Status changed to Cancelled
Last Modified 6/10/25 12:15 PM

Nearby Transportation

  • Heritage Corridor 0.2 mi
  • Hwy 355 South 2.5 mi
  • Hwy 355 North 2.6 mi
grid
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