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5-Unit Apartment Building with Garage
For Sale
$575,000

1709 S State Street, Lockport, IL 60441

Commercial Sale, Lockport, IL

Property SizeContact for details
Days on Market49

Property Features for 1709 S State Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 1
Basement Exterior Entry
Directions State St, 1 block south of Division on the West side of the street
Subdivision Homer / Lockport
Standard status Active
APN 1104261040030000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5491

Amenities

basement storage

Building Details

Year built 1927
Floors in Building 2
Number of units 5
Building materials Vinyl Siding, Stucco
Roof type Tar/Gravel, Composition
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Allyson Fernandes · License #475127260
Added: Aug 10 Changed: Sep 24 Last Checked: Sep 27 at 3:06AM
MLS# 12730609

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 five-unit apartment property, built in 1927, includes one two-bedroom, one-bath apartment and four one-bedroom, one-bath apartments. The building has vinyl siding and stucco exterior materials, with composition and tar-and-gravel roofing. A full basement provides storage space, while the large two-car garage is currently used by one tenant. A concrete pad at the rear is available for tenant use.

The property is located a few blocks from the train station, downtown Lockport, and local highways. Its unit mix and existing supporting improvements provide a straightforward multifamily configuration in a walkable setting near downtown amenities and rail access.

Key Highlights

  • Five‑unit apartment property with one 2‑bedroom/1‑bath unit and four 1‑bedroom/1‑bath units
  • Full basement available for storage
  • Large 2‑car garage currently used by 1 tenant

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Pharmacy Spa & Massage Center Skin Care Clinic Auto Parts Store Hair Salon 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

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

288
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Residential income property with varied unit layouts, basement storage, a two-car garage, and a rear concrete pad.
Where is this apartment building located?
The property is located at 1709 S State Street Lockport, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Five‑unit apartment property with one 2‑bedroom/1‑bath unit and four 1‑bedroom/1‑bath units; Full basement available for storage; Large 2‑car garage currently used by 1 tenant
More about this property
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