913 S State Street
LOCKPORT, IL 60441

Status: Sold
Mixed Use
0 beds
0 baths
0 sq.ft
Listing Price: $289,900

About this home

Excellent opportunity for investor or owner/user in the heart of Lockport's downtown business district. Cap rate approaches nearly 11%! Plenty of upside potential and heavy traffic pattern. 3 units in building. 1st floor retail, 2nd floor apartment/office/retail, 3rd floor office/retail/apartment. Owner has addressed multiple deferred maintenance items: updated HVAC system, two new bathrooms, new water heaters, new roof on front gables, new downspouts, added drywall in basement, remodeled kitchen on 2nd floor.

Property details

Property / Lot Details
Approximate Age Older
Number Of Apts 1
Property Type Mixed Use
CurrentUse Commercial
Lot Dimensions 25 X 135
FrontageType City Street, State Road, US Highway
LotSizeSquareFeet 0
Number Of Offices 1
PropertySubType Mixed Use
NumberOfUnitsTotal 3
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Individual
Area Major Homer / Lockport
Zoning Type COMMR
Directions Renwick Rd to State St (Rte 171) to Property
Geographic Locale South Suburban, Southwest Suburban
Location Central Business District
Township LOCKPORT
Unincorporated No
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Approx Year Built 1928
Parking Total 4
MRD Virtual Tour None
Interior Features
Heat/Ventilation Forced Air,Gas
Stories 2
Utilities Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Washer/Dryer Lsd No

Financials

Investment Profile Commercial Sale
CapRate 10.6
ElectricExpense 0
Financing Conventional
Fuel Expense 0
Gross Rental Income $34,800
Gross Rent Multiplier 0
Insurance Expense 0
Net Oper Income $30,100
Other Expense $1,000
Scavenger Expense 0
Total Monthly Income 2900
OperatingExpense 4700
Water Expense 0

Tax/Assessments/Liens

Multiple Pin Numbers 0
PIN 1104233170040000
Taxes $3,698
Tax Year 2017
$289,900 Listing Price:
MLS # 10258855
Investment Profile Commercial Sale
Listing Market Time 80 days
Basement
List Date 01/28/2019
Year Built 1928
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