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1016 State Street Lockport, IL 60441 Multi Unit - Multiple Active

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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.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Will
Listed By:
Vylla Home 773-831-2000
MRED MLS
$1,699,999
Est. $11,126/mo
New to the Market Active
BEDS0 BATHS MLS#12625225
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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1016 State Street, Lockport, IL 60441.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,699,999$1,699,999$1,699,999
Down Payment $59,500$0$340,000
Monthly Mortgage Amount $10,142$10,551$8,264
Taxes $2366$2366$2366
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,020$0$0
Monthly Estimated Total $14,024$13,413$11,126

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