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    557 E Division Street

    Lockport, IL 60441
    • $499,000
    • STATUS: Active Under Contract
    • ON SITE: 48 days
    • MLS #: 11064963
    Under Contract
    UPDATED: 79 min ago
    $499,000
    • 8
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Information

    Elementary School:
    Middle School:
    School District:
    90

    Description

    A CASHFLOW KING! SIT BACK AND COLLECT YOUR MONTHLY RENTS ACCUMULATING TO $4950 WHILE YOU JUST PAY LOW TAXES ($7506) AND INSURANCE! NO COMMON AREA MAINTENANCE OR UTILITIES. ALL UNITS PAY WATER, ELECTRIC, GAS, & GARBAGE EXPENSES. 2 BUILDINGS ON 1 PIN TO MAKE UP A 4 UNIT. NEW OWNERS DID A PHENOMENAL CLEAN UP & REMODEL JOB ON THE PROPERTY TO INCREASE THE RENTS FROM $3200 TO $4950 PER MONTH AND THERE'S STILL ROOM TO GROW! PROFESSIONALLY REMODELED UNIT BRINGS IN $1400/MONTH SO THERES ROOM TO GROW ON OTHER 3 UNITS! CHECK OUT THE NEW KITCHEN LAYOUT ON THE REMODELED UNIT THAT GIVES MORE COUNTER SPACE AND ADDS A DISHWASHER! VERY SPACIOUS UNITS! CENTRAL AIR IN ALL UNITS! LAUNDRY HOOK UP & HARDWOOD FLOORS IN ALL UNITS! 2 FURNACES & C/A UNIT (2019), 1 FURNACE (2020), 2 HWH'S (2020). UPGRADED 100 AMP PANELS! BOTH ROOFS REPLACED IN 2013. WINDOWS REPLACED IN 2005. TRULY MAINTENENCE FREE EXTERIOR WITH BRICK BUILDINGS AND ALUMINUM SOFFITS/FASCIA/GUTTERS! COME SEE WHAT A LANDLORD'S DREAM LOOKS LIKE!

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-12T12:53:45.28 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    557 E Division Street Lockport, IL 60441

    • Price: $499,000
    • Status: Active Under Contract
    • Updated: 79 min ago
    • MLS #: 11064963
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    Neighborhood:
    Homer / Lockport
    County:
    Will
    Area:
    Homer / Lockport
    Elementary School:
    Taft Grade School
    Middle School:
    Taft Grade School
    High School:
    Lockport Township High School
    School District:
    90
    Property Description
    A CASHFLOW KING! SIT BACK AND COLLECT YOUR MONTHLY RENTS ACCUMULATING TO $4950 WHILE YOU JUST PAY LOW TAXES ($7506) AND INSURANCE! NO COMMON AREA MAINTENANCE OR UTILITIES. ALL UNITS PAY WATER, ELECTRIC, GAS, & GARBAGE EXPENSES. 2 BUILDINGS ON 1 PIN TO MAKE UP A 4 UNIT. NEW OWNERS DID A PHENOMENAL CLEAN UP & REMODEL JOB ON THE PROPERTY TO INCREASE THE RENTS FROM $3200 TO $4950 PER MONTH AND THERE'S STILL ROOM TO GROW! PROFESSIONALLY REMODELED UNIT BRINGS IN $1400/MONTH SO THERES ROOM TO GROW ON OTHER 3 UNITS! CHECK OUT THE NEW KITCHEN LAYOUT ON THE REMODELED UNIT THAT GIVES MORE COUNTER SPACE AND ADDS A DISHWASHER! VERY SPACIOUS UNITS! CENTRAL AIR IN ALL UNITS! LAUNDRY HOOK UP & HARDWOOD FLOORS IN ALL UNITS! 2 FURNACES & C/A UNIT (2019), 1 FURNACE (2020), 2 HWH'S (2020). UPGRADED 100 AMP PANELS! BOTH ROOFS REPLACED IN 2013. WINDOWS REPLACED IN 2005. TRULY MAINTENENCE FREE EXTERIOR WITH BRICK BUILDINGS AND ALUMINUM SOFFITS/FASCIA/GUTTERS! COME SEE WHAT A LANDLORD'S DREAM LOOKS LIKE!
    Exterior Features

    Architectural Style Ranch Exterior Building Type Brick Foundation Details Block Is Parking Includedin Price Yes Lot Features Irregular Lot Number Of Cars 10 Parking Space/S Parking Features Unassigned Parking On Site Yes Parking Ownership Owned Parking Total 10 Unit1 Floor Level 1 Unit2 Floor Level 1 Unit3 Floor Level 1 Unit4 Floor Level 1 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building No Appliances Features Unit1 Central Air ConditionerLaundry Hook-UpHardwood Floors Appliances Features Unit2 StoveRefrigeratorWasherDryerCentral Air ConditionerLaundry Hook-UpHardwood Floors Appliances Features Unit3 StoveRefrigeratorCentral Air ConditionerLaundry Hook-UpHardwood Floors Appliances Features Unit4 StoveRefrigeratorWasherDryerDishwasherCentral Air ConditionerLaundry Hook-UpHardwood Floors Basement None Basement Bathrooms YN No Basement Description Crawl Bathrooms Total Integer 4 Bedrooms Below Grade 0 Bedrooms Possible 8 Full Baths In Building 4 Full Baths In Unit1 1 Full Baths In Unit2 1 Full Baths In Unit3 1 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating Natural GasForced Air Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 2 Number Of Rooms Unit1 6 Number Of Rooms Unit2 6 Number Of Rooms Unit3 6 Number Of Rooms Unit4 6 Rooms Total 24

    Property Features

    Additional Parcels YN No Age Description 41-50 Years Built Before1978 YN Yes Community Features CurbsSidewalksStreet LightsStreet Paved Corporate Limits Lockport Fuel Expense 0 General Information None Gross Income 59400 Insurance Expense 1916 Lease Exp Date Mo Yr Unit1 5/21 Lease Exp Date Mo Yr Unit2 8/21 Lease Exp Date Mo Yr Unit3 3/22 Lease Exp Date Mo Yr Unit4 8/21 Lot Size .25-.49 Acre Lot Size Dimensions 66 X 152 X 132 X 50 X 66 X 101 Net Operating Income 49968 New Construction YN No Other Expenses 0 Property Sub Type 4 Flat Rebuilt YN No Rehab Year 2019 Rehab YN Yes Security Deposit Unit1 800 Security Deposit Unit2 800 Security Deposit Unit3 900 Security Deposit Unit4 1400 Sewer Public Sewer Special Assessments N Special Listing Conditions None Special Service Area N Tax Annual Amount 7506.14 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeatScavengerWater Tenant Pays Unit2 ElectricGasHeatScavengerWater Tenant Pays Unit3 ElectricGasHeatScavengerWater Tenant Pays Unit4 ElectricGasHeatScavengerWater Total Rental Income 59400 Unit1 Rent 1200 Unit2 Rent 1200 Unit3 Rent 1150 Unit4 Rent 1400 Water Sewer Expense 0 Water Source Public Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Hoff, Realtors.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-12T12:53:45.28 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Littlefield Group | Keller Williams Realty
    2441 Village Green Place
    Champaign IL, 61822