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$349,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Total Beds
  • Updated 2 days ago
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Prime two-unit income property near downtown Lockport. Built in 1959 with solid construction and strong rental appeal, this property offers consistent cash flow potential in a high-demand rental pocket. Walking distance to downtown amenities, Metra access, and local dining - a location tenants love. Spacious units with practical layouts support stable occupancy and long-term value. Ideal for investors seeking reliable returns or owner-occupants looking to house hack in a desirable Lockport location. Strong appreciation potential paired with income stability. Property SOLD AS IS INSPECTION NO REQUESTS ONLY PROPERTY NEXT DOOR 1509 AVAILABLE BY SAME OWNER

Full Property Details for 1505 East St

General

  • Price: $349,000
  • Taxes: $6,662 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12562648
  • Updated: 2/18/2026
  • Added to Site: 8 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Other Features: School Bus Service, Commuter Train, Interstate Access

Parking

  • Total Spaces: 2
  • Parking Features: Unassigned, Off-Street, Yes

Location

  • Area: Homer / Lockport
  • County: Will
  • Township: Lockport
  • Driving Directions: IL-171 TO E9TH ST RT RO LINCOLN TO 1505 EAST ST

School Information

  • School District: 90
  • Elem School District: 90
  • Midd School District: 90
  • High School District: 205
  • Elementary School: Taft Grade School
  • Middle School: Taft Grade School
  • High School: Lockport Township High School
  • Private School: Lockport Township High School

Heating & Cooling

  • Heating Type: Steam, Radiator(s)

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Foundation: Block
  • Roof: Asphalt
  • Year Built: 1959
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: LESS THAN .25 ACRES

Financial Considerations

  • Insurance Fee: $2,785
  • Assessment Year: 1959
  • Tax Amount: $6,662
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1104262030290000

Listed by Baird & Warner

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Listing agent

— 1505 East St —

  • Baird & Warner

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1505 East St

School Districts:Taft School District 90, Lockport Township High School District 205
NameGradesDistance
Taft Grade School
1605 South Washington Street, Lockport, IL 60441
PK-80.4 mi
Lockport Township High School East
1333 East 7th Street, Lockport, IL 60441
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1505 East St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/12/2026
Listed
$349,000
-1.69%
MLS
7/17/2003
Sold
$355,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1505 East St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,663
4%
$82,929
11%
2023
$6,396
11%
$74,450
13%
2022
$5,755
—
$66,090
6%
2022
$5,755
7%
$62,109
3%
2020
$5,375
4%
$60,067
5%
2019
$5,160
7%
$56,936
10%
2018
$4,816
6%
$51,951
9%
2017
$4,557
10%
$47,614
13%
2016
$4,145
4%
$42,259
8%
2015
$4,004
-1%
$39,038
2%
2014
$4,031
-9%
$38,273
-15%
2013
$4,449
-3%
$45,027
-11%
2012
$4,609
—
$50,592
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1505 East Street, Lockport, IL 60441 (MLS# 12562648) is a Multi-Family property with 2 units containing 2 bedrooms and 0 full bathrooms. 1505 East Street is currently listed for $349,000 and was received on February 12, 2026. Want to learn more about 1505 East Street? Do you have questions about finding other Multi-Family real estate for sale in Lockport? You can browse all Lockport real estate or contact a Coldwell Banker agent to request more information.

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