REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sandra Hoyos

thegalarzateam@gmail.com +1(773) 245-3445

$ 384,808

Est. payment -/mo

Save

New

515 & 517 South ST Lockport, IL 60441

4 Beds

2 Baths

10,018 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12660003

Bedrooms 4

Year Built 1971

Annual Tax Amount $8,685

Tax Year 2024

Lot Size 10,018 Sqft

Lot Dimensions 147 X 61

Property Sub-Type Two to Four Units

Property Description

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 patio 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.

Location

State IL

County Will

Area Homer / Lockport

Rooms

Basement Crawl Space

Interior

Heating Electric, Baseboard

Fireplace N

Exterior

Garage Spaces 1.0

Community Features Curbs, Sidewalks, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Lockport Township High School

Middle Schools Lockport Township High School

High Schools Lockport Township High School

School District 205 , 205, 205

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Robert Kroll of 808 Realty

Sandra Hoyos

Office Admin

+1(773) 245-3445

Sandra Hoyos

515 & 517 South ST Lockport, IL 60441

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

515 & 517 South ST