Midwest 2-Unit Building
206 S Jefferson St. Lockport IL 60441
Pricing/Terms Explained
$280,000
$140,000 / Unit
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.
