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28907688
28907687

1016 State Street, Lockport, IL 60441

RM
IL 475.133786
Vylla
Listed by Vylla
$1,599,999
234 days on market
Updated 1 day ago

1016 State Street

Details
APN 1104233260220000
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo (+1)
Units 5
NOI $100,092
Year Built 2023
Stories 3
Lot Size (SqFt) 3,300
Zoning MULTI

Multifamily | 5 Units

Marketing description

**New Price** - Don't Miss This Deal 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.
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Listing Contacts

RM
IL 475.133786
Vylla
Listed by Vylla

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,092.00
$8,341.00/mo

Valuation Metrics

0
DSCR
6.26%
Cap Rate
6.26%
ROI

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Additional Information

Name
Robert Miller
License
475.133786
Brokerage
VYLLA
Brokerage Phone
708.372.0505
Title
BROKER
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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