Residential Income

105-107 7th Street, Lockport, Illinois 60441

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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!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : MRD12011867
Price : $295,000
Bedrooms : 4
Bathrooms : 3
Features
Basement : Full
Roof Deck : Asphalt
Parking : 6
Address Map
Country : US
State : IL
County : Will
City : Lockport
Zipcode : 60441
Street : 7th
Street Number : 105-107
Street Suffix : Street
Floor Number : 0
Longitude : W89° 56' 35.5''
Latitude : N41° 35' 29.4''
Area : Homer / Lockport
Street Dir Prefix : E
MLS Addon
Agent Name : Oscar
DaysOnMarket : 12
Directions : State St to 620 S State Street
Foundation : Concrete Perimeter
HighSchool : Lockport Township High School
List Agent Full Name : Oscar Darden
List Agent MLSID : MRD264269
List Office MLSID : MRD28545
List Office Name : DEI Realty LLC
Parcel Number : 1104231510010000
ParkingFeatures : Additional Parking
Sewer : Public Sewer
Tax Year : $2,022
ListAgentLastName : Darden
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Pending
PhotosChangeTimestamp : 24/03/2024 00:26:02
Residential Income For Sale
  • Listing ID : MRD12011867
  • Bedrooms : 4
  • Bathrooms : 3
$295,000
Agent info
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