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Three-Story Brick Apartment Building
For Sale
$1,599,999

1016 State Street, Lockport, IL 60441

MULTI_FAMILY - Lockport, IL

Property SizeContact for details
Lot Size0.08 Acres
Days on Market108

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 6, Bedroom 4, Bathroom 1, Bathroom 9, Bathroom 8, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 8, Bedroom 6, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 7
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
Listed By: Robert Miller · License #475133786
Added: Apr 21 Changed: Aug 1 Last Checked: Aug 6 at 12:06AM
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 apartment building was constructed in 2023 and offers a mix of residential and flexible commercial space. The building includes four residential rentals plus a storefront/office space, giving one property multiple uses. Central air is provided.

Located at 1016 State Street in Lockport, Illinois, the property is described as being just steps away from the train station, with easy access to major highways and Lewis University.

Zoning is MULTI. The building is described as fully leased.

Key Highlights

  • Three‑story brick apartment building constructed in 2023
  • Four residential rental units plus storefront/office space
  • Central air cooling

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Spa & Massage Center Pharmacy Hair Salon Law Firm Skin Care Clinic Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

640
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story 2023-built brick multifamily with four residential units plus storefront/office space and central air.
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 apartment building constructed in 2023; Four residential rental units plus storefront/office space; Central air cooling
More about this property
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