Attention savvy investors! This exceptional property presents a golden opportunity for maximizing your investment potential. Featuring a 2-unit residential building with a separate detached office space, this gem offers versatility and endless possibilities. Each residential unit boasts 2 bedrooms and 1 bathroom, while the office space is equipped with a convenient half bathroom. With a lot size of 4975 sqft and 6 parking spaces spread across 2 parking lots, convenience is key. Plus, each unit comes complete with its own water heater and furnace, ensuring comfort and autonomy for tenants. The upstairs unit has been recently refinished, adding a touch of modernity and appeal. With approximately 1600 sqft of livable space in the residential building, complemented by a 750 sqft basement and a 200 sqft office space, there's ample room for creativity and expansion. Additionally, note that the residential space currently has 2 tenants paying below market rent, but the property can be delivered vacant, offering potential for higher returns. With residential rentals in the area reaching up to $2000, the potential for lucrative returns is undeniable. Don't miss out on this rare opportunity to own a piece of prime real estate - seize the moment and make your mark on this investment today!
Closed
$280,000
105-107 E 7th St, Lockport, IL 60441
4beds
--sqft
Multi Family
Built in ----
-- sqft lot
$295,000 Zestimate®
$--/sqft
$2,810 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 12, 2024 at 03:31pm
Listing courtesy of:
Oscar Darden Jr 312-815-2751,
DEI Realty LLC
Bought with:
Amalia Guzman
Realty of Chicago LLC
Source: MRED as distributed by MLS GRID,MLS#: 12011867
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 6
- Parking features: Additional Parking, On Site, Owned
Lot
- Size: 4,791 sqft
Details
- Additional structures: See Remarks
- Parcel number: 1104231510010000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lockport
Other
Other facts
- Listing terms: Other
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$295,000
2% more+$5,900
With Zillow Showcase(estimated)$300,900