515 & 517 South Street, Lockport, Illinois 60441
$384,808
|
For Sale
|
|
| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 4 |
| Baths: | 0 |
| Year Built: | 1971 |
| Property Taxes: | $8,686 |
| Days On Market: | 2 |
| Lot Size: | 0,23 |
Description
This well-maintained duplex presents an exceptional opportunity for investors, owner-occupants, or anyone seeking the perfect related living arrangement, with both units being sold together and already occupied by great longstanding tenants, providing immediate rental income and long-term value. Each spacious unit offers 2 bedrooms, 1 full bath, an attached 1-car garage, in-unit laundry, and thoughtfully designed living spaces highlighted by dramatic beamed vaulted ceilings in the living rooms and vaulted ceilings in the bedrooms, creating an open and airy feel throughout. Large family rooms feature beautiful hardwood flooring and abundant natural light, while each kitchen includes dedicated eating space and convenient patio door access to the backyard areas, offering low-maintenance outdoor living ideal for tenants or owners alike. Unit 515 has been completely renovated and showcases modern finishes throughout, including all new cabinetry, elegant quartz countertops, stylish tile backsplash, oversized white trim, updated LED lighting, and hardwood floors throughout the entire unit. The beautifully remodeled bathroom in Unit 515 features a new vanity with double sinks, updated fixtures, and a brand-new tub and shower surround, giving the space a fresh contemporary feel. Significant mechanical and exterior improvements provide peace of mind for future ownership, including a new roof installed in 2024, a new sewer line at the foundation completed in 2025, new front entry and garage service doors, a new A/C unit installed in 2025 for Unit 517, a brand-new hot water heater installed in 2026, and a new A/C unit currently being installed for Unit 515. Outdoor amenities include a fenced backyard for Unit 515, while Unit 517 offers ample space to add fencing for additional privacy or pet-friendly use. The property combines strong rental appeal with durable updates and flexible living potential, making it a rare turnkey opportunity in today's market. One tenant is currently on a month-to-month lease while the other remains under lease agreement, offering flexibility for investors or future owner-occupants seeking income potential combined with comfortable, updated living spaces.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1971 | |
| — | |
| — | |
| No | |
| 0.23 |
| Will | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12660003 | |
| 1104262070200000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Lockport Township High School |
205 | — | |
|
Middle School
Lockport Township High School |
205 | Not in DB | |
|
High School
Lockport Township High School |
205 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 28 Oct, 2022 | Sold | $262,000 | MRED MLS |
| 6 Oct, 2022 | Under contract | $264,808 | MRED MLS |
| 4 Oct, 2022 | Listed for sale | $264,808 | MRED MLS |
| 28 May, 2026 | Listed for sale | $384,808 | MRED MLS |
Room Specifics
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 1 | |
| — | |
| — | |
| — | |
| — | |
| 147 X 61 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $7,160 |
| 2026 | $8,686 |
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Listing Provided By
808 Realty
