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6 Properties Within 0.5 miles of: 105-107 E 7th, Lockport

105-107 E 7th
Lockport, IL 60441

  • 4 Beds
Price

$295,000

Est Payment
$2,345 / month (details)  
Taxes
$8,969  
Beds
4  
Rooms
12  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
4975  
Neighborhood
Homer / Lockport  
MLS
#12011867
Status
Pending

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!

Property Map

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

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

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
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