Active
1016 State Street, Lockport, IL
  • $1,599,999
  • $1,699,999

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.

  • Listing Courtesy of: Vylla Home

Details

Updated on June 28, 2026 at 3:10 pm
  • Property ID MRD12625225
  • Price $1,599,999
  • Year Built 2023
  • Property Type Multi Family
  • Property Status Active
  • Parcel Number 1104233260220000
  • MLS Status Active
  • Days On Market 68
  • Cumulative Days On Market 650
  • Tax Annual Amount 32349
  • Cooling Central Air,Wall Sleeve
  • Directions 3 miles south of I-355 at Archer Ave.
  • LotSizeSquareFeet 3300
  • StoriesTotal 3
  • Zoning MULTI

Address

Open on Google Maps
  • Address 1016 State Street
  • City Lockport
  • State/county IL
  • Zip/Postal Code 60441
  • Country United States

Overview

Property ID: MRD12625225
  • Multi Family
  • Property Type
  • 2023
  • Year Built

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%