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    327 S State St Lockport, IL 60441

    Under Contract
    For Sale
    $340,000

    Residential Income - Lockport, IL

    Lot size:
    0.23 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 327 S State St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Workshop
    Bedrooms
    3
    APN
    1104231430040000
    Parking
    9
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1915
    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Crystal Lagunas (815) 553-2406 License #475207354

    Listing date Oct 25, 2025

    MLS# 12473851 Listing URL

    Copyright © 2025 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.

    Overview

    Lockport Income Property with Garage

    This property is a three-unit building located in Lockport, Illinois. Each of the three units includes one bedroom, one bathroom, a living room, and a kitchen. The property also features a detached six-car garage with 10-foot ceilings, an office, and a bathroom with air conditioning. Additional parking is available on the side of the house. The property is located near downtown Lockport's shopping, dining, and Metra train station. This property is suitable as an investment opportunity or for an owner to live in one unit while renting out the others.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.0551585
    Latitude
    41.5948569

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    FAQs

    What type of property is this?
    Triplex - Three-unit property with a six-car garage near downtown Lockport.
    Where is this triplex located?
    The property is located at 327 S State St Lockport, IL.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - Income-generating 3-unit property in the heart of Lockport.; - Conveniently located near downtown shopping, dining, and the Metra train station.; - Versatile property suitable for investment or owner-occupancy with rental income.
    (815) 553-2406
    Request Owner's contact information
    327 S State St Lockport, IL 60441
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    Lockport, IL 60441
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    327 S State St Lockport, IL 60441
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