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!
Property Map
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Property Details
Utilities
Heating Natural Gas
Cooling
Water Public
Sewer Public Sewer
Additional Information
Parking
6 Parking Spaces, Additional Parking, Parking On Site, Owned, Parking included in price
Schools
Lockport Township High School (205), District 91
Payment Calculator
Listing History
03-23-2024
Listed at $295,000
04-05-2024
Status changed to Under Contract
Last Modified 4/5/24 8:23 AM
Nearby Transportation
Heritage Corridor
0.5 mi
Hwy 355 South
2.3 mi
Hwy 355 North
2.4 mi
For More Information
(312) 528-9200
For more information about 105-107 E 7th, Lockport, IL 60441 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by DEI Realty LLC
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.