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105-107 E 7th Street Lockport, IL 60441
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Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12011867
Sold Date 06/10/24
Bedrooms 4
Annual Tax Amount $8,969
Tax Year 2022
Lot Size 4,791 Sqft
Lot Dimensions 4975
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!
Location
State IL
County Will
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Waterfront false
View Y/N true
Roof Type Asphalt
Parking Type Additional Parking
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction false
Schools
High Schools Lockport Township High School
School District 91, 91, 205
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Amalia Guzman • Realty of Chicago LLC