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Midwest 2-Unit Building

206 S Jefferson St. Lockport IL 60441

Pricing/Terms Explained 

$280,000

$140,000 / Unit

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3

Beds

2

Baths

1,750

Sq. Ft.

1924

Yr. Built

100%

Occupancy

3 Spaces

1 Story

Forced Air

Owned Laundry

Street View

Property Summary

About The Property

Type

Two-Four Unit

In Place NOI

$20,337

Target CAP Rate

7.2%

Today's Market Value

$310,000

Target Purchase Price

$280,000

Units

2

Projected NOI

$23,900

Market CAP Rate

-

Value w/Market Rents

-

Cost Per Unit

$140,000

A well maintained 2 unit located in the heart of downtown Lockport. The property is 1 story built on a crawlspace foundation. The building has been well maintained. It features a newer roof and newer mechanicals, including a forced air HVAC system.

About the Neighborhood

Lockport is a city in Will County, Illinois, United States, located 30 miles southwest of Chicago. Per the 2020 census, the population was 26,094. The city was incorporated in 1853. It is situated along the Illinois and Michigan (I&M) Canal, and was the headquarters of the canal when the canal was operating. A section of the canal runs through Lockport, including the remains of the canal's Lock No. 1 from which the town received its name. The canal right-of-way is now the Illinois and Michigan National Heritage Corridor.

Due
Diligence

Documents

Chase Real Estate conducts a thorough document review on every property. For access to current leases for this property please fill out our Leases Request Form.

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