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515 & 517 South Street , Lockport, IL 60441

$384,808
  • 515 & 517 South Street , Lockport, IL 60441 Main Photo

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New to the Market New
BEDS4 BATHS2 full MLS#12660003
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 205

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.

515 & 517 South Street | MLS# 12660003

This multi-family property located at 515 & 517 South Street , Lockport, IL 60441 is currently listed for sale with an asking price of $384,808. & 517 South Street is located within the District 205 school district. Search Lockport real estate on www.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Garage: 1
Heating: Electric, Baseboard
Lot Size: 0.23 Acres
Roof Type: Asphalt
Taxes: $8,685
Year Built: 1971

Feature Descriptions

Additional Structures: Shed(s)
Exterior: Brick
Lot Dimensions: 147 X 61
Parcel#: 1104262070200000
Parking: Garage Door Opener, Yes, Garage Owned, Attached, Garage
Sewer: Public Sewer
Total Rooms: 10
Township: Lockport
Water: Public

Local Schools

High School: Lockport Township High School
Middle School: Lockport Township High School
Elementary School: Lockport Township High School
School District: District 205

Listed By / Shown By

Listed By

Agency Name: 808 Realty
Agency Phone: 815-735-0749

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 2,583.91 per month $1,747.92 Principal & Interest $723.75 Property Tax $112.24 Homeowner's Insurance

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