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    Three-Story Brick Mixed-Use Building Title is generated by Realmo AI

    1016 State Street, Lockport, IL 60441

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    Claim this Listing
    For Sale
    $1,599,999

    MULTI_FAMILY - Lockport, IL

    Lot size:
    0.08 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    62
    Last Refresh:
    Jun 21 at 9:06 am

    Property Features for 1016 State Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI
    Bedrooms
    8
    Bathrooms
    9
    Rooms
    Bathroom 8, Bedroom 5, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 7, Bedroom 7, Bedroom 8, Bathroom 9, Bedroom 1, Bathroom 4, Bedroom 3, Bathroom 6, Bathroom 1, Bedroom 6, Bedroom 2
    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

    We can help!

    Listing Contact
    Robert Miller

    Listing agent Robert Miller

    Listing office Vylla Home 1827 Walden Office sq.suite3, Oak Brook, IL

    Listing date Apr 21, 2026

    MLS# 12625225 Listing URL

    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.

    HighLights

    • Three‑story brick building at 1016 State St. constructed in 2023
    • Four residential rentals plus a flexible storefront/office space
    • Property is fully leased for immediate income
    • Central air cooling and brick construction
    • Convenient access to the train station, major highways, and Lewis University

    Overview

    Built in 2023, this three-story brick mixed-use property includes four residential rental units and a flexible storefront/office space. The building is designed to accommodate both living and commercial use under one roof, providing a straightforward, self-contained setup for an owner/operator or investor. The existing residential units are modern and positioned to support long-term tenant use alongside the ground-floor commercial component.

    Located at 1016 State Street in Lockport, the property is described as being just steps from the train station. The remarks also indicate convenient access to major highways and Lewis University, supporting practical reach for residents and commercial tenants who want straightforward connectivity.

    For investors, the configuration offers a blend of residential and commercial income streams within a single asset, with the property described as fully leased. For owner-users, the storefront/office space can support a tenant-ready commercial use while the residential units help diversify occupancy within the same building. With MULTI zoning noted for the property, this is positioned as a workable fit for those looking for a mixed-use setup in a downtown context.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.057661
    Latitude
    41.587764

    FAQs

    What type of property is this?
    Quadplex - Three-story brick building with four residential rentals and a storefront/office space, fully leased for immediate occupancy.
    Where is this quadplex 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; Four residential rentals plus a flexible storefront/office space; Property is fully leased for immediate income
    More about this property
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