Under Contract

515 & 517 South Street

Lockport, IL 60441
Mark as Favorite
Bed 4

Bed

Bath 2

Bath

Acres0.23

Acre(Lot)

***MULTIPLE OFFERS RECEIVED!! Highest & Best Due by 6/1/26 at 5pm*** This well-maintained duplex presents an exceptional opportunity for investors, owner-occupants, or anyone seeking the perfect related living arrangement, with both units being sold together and already occupied by great longstanding tenants, providing immediate rental income and long-term value. Each spacious unit offers 2 bedrooms, 1 full bath, an attached 1-car garage, in-unit laundry, and thoughtfully designed living spaces highlighted by dramatic beamed vaulted ceilings in the living rooms and vaulted ceilings in the bedrooms, creating an open and airy feel throughout. Large family rooms feature beautiful hardwood flooring and abundant natural light, while each kitchen includes dedicated eating space and convenient pa tio door access to the backyard areas, offering low-maintenance outdoor living ideal for tenants or owners alike. Unit 515 has been completely renovated and showcases modern finishes throughout, including all new cabinetry, elegant quartz countertops, stylish tile backsplash, oversized white trim, updated LED lighting, and hardwood floors throughout the entire unit. The beautifully remodeled bathroom in Unit 515 features a new vanity with double sinks, updated fixtures, and a brand-new tub and shower surround, giving the space a fresh contemporary feel. Significant mechanical and exterior improvements provide peace of mind for future ownership, including a new roof installed in 2024, a new sewer line at the foundation completed in 2025, new front entry and garage service doors, a new A/C unit installed in 2025 for Unit 517, a brand-new hot water heater installed in 2026, and a new A/C unit currently being installed for Unit 515. Outdoor amenities include a fenced backyard for Unit 515, while Unit 517 offers ample space to add fencing for additional privacy or pet-friendly use. The property combines strong rental appeal with durable updates and flexible living potential, making it a rare turnkey opportunity in today's market. One tenant is currently on a month-to-month lease while the other remains under lease agreement, offering flexibility for investors or future owner-occupants seeking income potential combined with comfortable, updated living spaces.

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Detail Ic Property Details

Property Type : Residential Income

Price : $384,808

AD Id : 79425926

MLS Id : MRD12660003

Beds : 4

Lot Size : 0.23 Acre

Year Built : 1971

Garage : 1

County : Will

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 4

    Bathroom Information

    Total Baths: 2

    Room Information

    Rooms Total: 10

    Interior Features

    Roof: Asphalt

    Roofing Information

    Asphalt
  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Heating: Electric, Baseboard WaterSource: Public

  • Building Information

    Year Built: 1971

  • Lot Information

    Lot Dimensions: 147 X 61 Lot Acres: 0.23 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$384808

  • Tax Information

    Annual Tax: $8685.56 Tax Year: 2024 Parcel Number: 1104262070200000 Tax Exemption: None

  • Parking Information

    Total Parking: 1 Garage Door Opener, Yes, Garage Owned, Attached, Garage

    Garage Information

    Garage Space: 1

  • School Information

    Elementary School: Lockport Township High School Junior High School: Lockport Township High School Senior High School: Lockport Township High School
  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    City: Lockport Direction: West on Division Street past the Lockport Baseball diamond, head South on Sisson Street, West on South. Corner unit building consisting of postal address 515 and 517 South street
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ByOwner last updated this listing 06/25/2026 @ 06:20

MLS: MRED #12660003 LISTED BY: Robert Kroll, 808 Realty 815-735-0749 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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