$295,000 $1,584 est/mo Sourced by Back At You

105-107 E 7th Street,Lockport, IL 60441

Lockport IL, 60441

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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!

Details

MLS#12011867
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Days On Site57
Listing Provided ByDEI Realty LLC | Oscar Darden

Features

Bed(s)4
Bath(s)3
BasementY
Acreage0.11

Market Activity 60441

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Learn More About This Property

StateIL
CountyWill
CityLockport
Zip Code60441
AreaHomer | Lockport
School DistrictLockport Township High School
Elementary School91
Middle School91
High SchoolLockport Township High School
Listing VS Median (in 60441)
Price:
$295,000
low | high
Med:
$399,900
14.440677966102% of Average
On Site:
57
low | high
Med:
3.000000
100% of Average
Sourced by Back At You
Listing Updated: May 1, 2024 at 9:25:23 PM PDT