1. Home
  2. > Search
  3. > Homes for Sale in Lockport
  4. > 1016 State Street, Lockport, IL 60441
$1,749,000

1016 State Street
Lockport, Illinois 60441

Active / MLS #12478443 / Multiple Family / Lockport
Listing information updated 9/29/2025 at 6:03am
Huge Price Drop - Don't Miss This Deal Exceptional Investment Opportunity Prime Downtown Lockport Property Seize a rare chance to own a remarkable asset in the heart of Downtown Lockport. This impressive three-story brick building, located at 1016 State St., was constructed in 2023 and offers a unique blend of luxury and versatility in an unbeatable location. The property features four modern, high-end residential rentals alongside a flexible storefront/office space, making it an ideal investment opportunity. Fully leased, the building ensures immediate returns and is perfect for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. Key Features: Four Sophisticated units: Thoughtfully designed with contemporary finishes, offering residents a luxurious living experience. Storefront/Office Space: An obvious commercial space that provides excellent exposure, perfect for retail or office use. Just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This is your opportunity to invest in a high-yield, prime-location property that promises immediate cash flow and long-term value. Don't let this opportunity slip away-secure a top-tier asset in one of Lockport's most vibrant areas.
Exterior Type:
Brick
Water Front:
No
Square Feet:
N/A
Built:
2023
Cooling System:
Central Air,Wall Sleeve
Stories:
3
Potential Use:
Commercial
Zoning:
MULTI
Current Net Income:
$100,092
Unit 1:
5 room(s) / 2 bed(s) / 2 bath(s)
Unit 2:
6 room(s) / 0 bed(s) / 1 bath(s)
Tax Amount:
$32,349
Tax Year:
2024
Zip Code:
60441
City:
Lockport
County:
Will

Listing Office: Vylla Home

Listing Office Phone: 773.831.2000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/29/2025 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Lockport

Lockport, IL

Lockport is a growing community that remains committed to celebrating its storied past. The city leads the way in preserving and promoting the history of the Illinois and Michigan Canal Corridor and has one of the best-preserved canal sites in existence. The canal’s original warehouses still stand...

Metra

Metra
Heritage Corridor line at Lockport Metra
$369,481
Average Sale Price
37
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1016 State Street, Lockport, IL 60441
Mortgage Calculator

Not quite what you are looking for?

Similar listings for sale near 1016 State Street, Lockport, IL 60441

Like the area?

More homes for sale near 1016 State Street, Lockport, IL 60441

New Listings in Lockport, IL

Recently Sold Homes in Lockport, IL

Nearby Homes for Sale

1016 State Street, Lockport, IL 60441 is a multiple family currently listed at $1,749,000. This multiple family has been listed on @properties Christie's International Real Estate since September 23rd, 2025 and was built in 2023. The nearest transit stops include Lockport Metra Metra Heritage Corridor line.

Mortgage Calculator