Lockport, IL 60441 2022 Lawrence Avenue
$1,299,900



70 more







































































Presented By: Vylla Home
Home Details
Seize a rare opportunity to own a beautifully remodeled 8-unit building in the vibrant heart of Lockport. This property offers six spacious 2-bedroom, 1-bathroom units and two charming 1-bedroom, 1-bathroom units, making it a versatile investment with broad appeal. Each unit is meticulously maintained, boasting generously sized bedrooms and ample closet space to meet all storage needs. These rentals stand out in the market for their quality and attention to detail. Ideally located within walking distance of the Park District and Challenge Fitness, the property is also close to restaurants, parks, shopping centers, schools, the train station, and major highways. This prime location is perfect for tenants seeking convenience and easy access to a wide range of amenities. With a focus on comfort, sophistication, and practicality, this property offers a strong return on investment for the discerning investor. Six of the eight units have been remodeled. All units in the building operate fully on electric and benefit from a newly installed water softener for enhanced convenience. Recent upgrades, including the roof, windows, and doors just four years ago, ensure peace of mind for future ownership. The property also offers additional income potential with on-site washer and dryer amenities, providing a convenient service for tenants while boosting revenue. Don't miss this exceptional opportunity to secure a prime real estate investment in Lockport!
Presented By: Vylla Home
General for 2022 Lawrence Avenue
Additional Parcels Y/NYes
CityLockport
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingWindow Unit(s)
CountyWill
DirectionsBriggs to Parkview to Lawrence.
ElectricService - 0 to 100 Amps
Electric Expense2400
Fuel Expense
Gross Income133380
Insurance Expense5500
MLS AreaHomer / Lockport
MaintenanceExpense
Net Operating Income91240
Number Of Units Total8
Operating Expense42140
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories2
Tax Annual Amount14192
Tax Year2023
Tenant PaysElectricity
TownshipLockport
Trash Expense1200
Water Sewer Expense3600
Year Built1976
ZoningMULTI
Exterior for 2022 Lawrence Avenue
Foundation DetailsConcrete Perimeter
Lot Dimensions80X123
Additional Details
Price History
