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1100-1106 S State St
Lockport, IL 60441

$2,000,000 USD

Apartments For Sale • 11,260 SF

Property Details

Property Type Apartments
Total Building Size 11,260 SF
Lot Size 0.31 AC
Building Class C
Year Built 1891
Cap Rate 7.93 %

70 Transit Score

40 Walk Score

                
                    Highlights
                
                                7.93% Cap Rate
                            
                                Downtown
                            
                                10 Year Lease with 3% Annual Increases 
                            
                                8.79% Pro Forma Cap Rate
                            
                                14.41% Pro Forma Cash on Cash Return

Property Flyers

1100 S State St, Lockport

Financial Summary (Actual)

Net Operating Income: $158,561 USD (2025)

Cap Rate:	7.93 %
Total Expenses:	$48,439 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Mamma Onesta's Italian Restaurant
Photography By Fender/Donisch

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lockport Station (Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	4 min	0.2 mi
	10 min	-	4.5 mi
Transit/Subway	Drive	Walk	Distance
Lockport Station (Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	4 min	0.2 mi
Airport	Drive	Walk	Distance
Chicago Midway International	38 min	-	25.7 mi
Chicago O'Hare International	55 min	-	37.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	14
Type:	Surface
Included in Rent:	Yes

Anthony Munoz 224-627-1295 Listing Leaders NW

1100-1106 S State St Lockport, IL 60441