Three-Story Brick Mixed-Use
For Sale
$1,599,999
1016 State Street, Lockport, IL 60441
MULTI_FAMILY - Lockport, IL
Lot Size0.08 Acres
Days on Market102
Property Features for 1016 State Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
8
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 4, Bathroom 9, Bathroom 6, Bedroom 8, Bedroom 6, Bedroom 7, Bathroom 4, Bedroom 3, Bathroom 8, Bathroom 2, Bathroom 7, Bedroom 2, Bedroom 5, Bathroom 3
Directions
3 miles south of I-355 at Archer Ave.
Subdivision
Homer / Lockport
Standard status
Active
APN
1104233260220000
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
32349
Utilities
Cooling system
Central Air
Building Details
Year built
2023
Floors in Building
3
Number of units
5
Building materials
Brick
Listing Agency:
Vylla Home
(773) 831-2000
Listed By:
Robert Miller · License #475133786
(630) 705-5380
Added: Apr 21
Changed: Jul 28
Last Checked: Jul 31 at 11:06PM
MLS# 12625225
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story brick mixed-use building was constructed in 2023 and is currently fully leased. The property includes four residential rental units and a flexible storefront/office space, providing both income-generating housing and commercial space within the same structure. Zoning is listed as MULTI.
The building is located at 1016 State Street in Lockport, described in the listing as being in the downtown area. The public remarks also note that it is just steps from the train station and close to major highways and Lewis University.
Overall, the configuration supports an investor or owner-operator seeking a turn-key mix of residential units and an on-site storefront/office component within a newer, three-story brick building.
The building is located at 1016 State Street in Lockport, described in the listing as being in the downtown area. The public remarks also note that it is just steps from the train station and close to major highways and Lewis University.
Overall, the configuration supports an investor or owner-operator seeking a turn-key mix of residential units and an on-site storefront/office component within a newer, three-story brick building.
Key Highlights
- Three‑story brick building at 1016 State St., constructed in 2023
- Features four residential rentals plus a flexible storefront/office space
- Fully leased with immediate occupancy
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 60441, IL
37,093
Population
13,249
Households
2.8
Avg Household Size
38
Median Age
36%
College-Educated
92%
High-School Grad
28.1 sq mi
ZIP Area
1,320
Density / Sq Mi
$104,271
Median Household Income
$54,665
Median Earnings
$1,488
Median Rent
$287,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story brick building built in 2023 with four residential rentals and a storefront/office space, fully leased.
Where is this apartment building located?
The property is located at 1016 State Street Lockport, IL.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Three‑story brick building at 1016 State St., constructed in 2023; Features four residential rentals plus a flexible storefront/office space; Fully leased with immediate occupancy
