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$349,000 -$100,000 (-22.27%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 9 hours ago
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Exceptional investment opportunity in the heart of Lockport! This well-maintained 2-unit brick building, built in 1966, is ideally located just minutes from historic downtown Lockport, the Metra station, restaurants, shopping, dining, and convenient access to I-355. The property features a strong, documented rental history with consistent occupancy, making it a true turnkey income property. Long-term tenants and stable cash flow highlight the property's performance, while solid construction and thoughtful upkeep reflect pride of ownership. Separate utilities (if applicable), on-site parking, and low-maintenance exterior elements add to its appeal for both seasoned and first-time investors. Positioned in a high-demand rental area near downtown Lockport, this stabilized multifamily asset offers dependable income and long-term upside potential. A rare opportunity to secure a proven performer in a desirable location.PROPERTY SOLD AS IS. INSPECTION NO REQUESTS ONLY. PROO OF FUNDS REQUIRED FOR BEFORE ALL SHOWING APPROVAL

Full Property Details for 1509 East St

General

  • Price: $349,000
  • Taxes: $8,745 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12567784
  • Updated: 3/19/2026
  • Added to Site: 36 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 4

Additional Information

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

Parking

  • Total Spaces: 3
  • Parking Features: Unassigned, Yes, Owned

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: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Vinyl Siding, Brick
  • Exterior Const.: Vinyl Siding, Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Foundation: Concrete Perimeter
  • Year Built: 1966
  • 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
  • Parking Included: Yes
  • Assessment Year: 1966
  • Tax Amount: $8,745
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1104262030210000

Listed by Baird & Warner

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Listing agent

— 1509 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 1509 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-80.5 mi
Lockport Township High School East
1333 East 7th Street, Lockport, IL 60441
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1509 East St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/17/2026
Price Reduced
$349,000
-22.27%
MLS
2/12/2026
Listed
$449,000
26.48%
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 1509 East St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,745
4%
$108,846
11%
2023
$8,395
11%
$97,716
13%
2022
$7,553
—
$86,744
6%
2022
$7,553
7%
$81,519
3%
2020
$7,055
4%
$78,839
5%
2019
$6,773
12%
$74,729
14%
2018
$6,069
6%
$65,465
9%
2017
$5,742
10%
$60,000
13%
2016
$5,223
4%
$53,251
8%
2015
$5,045
-1%
$49,191
2%
2014
$5,080
-9%
$48,226
-15%
2013
$5,606
-3%
$56,737
-11%
2012
$5,808
—
$63,749
—
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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1509-1511 East Street, Lockport, IL 60441 (MLS# 12567784) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 1509-1511 East Street is currently listed for $349,000 and was received on February 12, 2026. Want to learn more about 1509-1511 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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