Lockport, IL 60441 809 S State Street

$910,000

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Presented By: Coldwell Banker Real Estate Group
  • MLS# 12369314
  • 05/19/2025
  • Request Tour
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  • Beds • 3
  • SQFT • 4,408

Home Details

Turn-key mixed use property in booming downtown Lockport available now. Currently 8 apartments and long-term commercial tenant with potential to add garden unit, laundry, and storage. Walking distance to train, parks, trails, restaurants and night-life, this property never has a vacancy long. Some units have been fully updated while others have been occupied by same tenants for years. Barber shop has long term lease with annual rent increases in place.
Presented By: Coldwell Banker Real Estate Group

General for 809 S State Street

Additional Parcels Y/NNo
Cap Rate7.71
CityLockport
Construction MaterialsBrick, Stone, Wood, Combination
CoolingWindow Unit(s)
CountyWill
DirectionsIL Route 7 to IL 171 North to property
ElectricCircuit Breakers
Electric Expense4255
Fuel Expense1890
Gross Income90900
Insurance Expense2741
Lot Size Square Feet7022
MLS AreaHomer / Lockport
MaintenanceExpense
ModificationTimestamp2025-05-25T05:07:28.330Z
Net Operating Income70234
Number Of Units Total9
Operating Expense20666
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount7119
Tax Year2023
TownshipLockport
Trash Expense2505
Water Sewer Expense2156
Year Built1915
ZoningMULTI

Exterior for 809 S State Street

Building Area Total4408
Foundation DetailsStone
Frontage TypeCity Street, State Road
Lot Dimensions32X70X32X70X64X140
Lot Size Acres0.16

Additional Details

Price History

Client Care

Price $910,000
MLS#12369314
List Date 05/19/2025
Property Type Multi-Family
Phone 847.485.2500
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