515 & 517 South Street
Lockport, IL, 60441
$384,808
4 Beds
2 Baths
0 SqFt
0.23 Acres
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MLS #MRD12660003 image #0
***MULTIPLE OFFERS RECEIVED!! Highest & Best Due by 6/1/26 at 5pm*** 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.

Property Details

Price:
$384,808
MLS #:
MRD12660003
Status:
Active Under Contract
Beds:
4
Baths:
2
Type:
Multi Family
Neighborhood:
homerlockport
Listed Date:
May 28, 2026
Year Built:
1971
Parking TotalHomer / LockportHomerlockportLockport Township High SchoolLockport Township High SchoolLockport Township High School

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Schools

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

Interior

Heating
Electric, Baseboard

Exterior

Community Features
Curbs, Sidewalks, Street Paved
Construction Materials
Brick
Garage Spaces
1
Other Structures
Shed(s)
Parking Features
Garage Door Opener, Yes, Garage Owned, Attached, Garage
Parking Spots
1
Parking Total
1
Roof
Asphalt
Window Features
Screens

Financial

Tax Year
2024
Taxes
$8,686

Map

Community

Market Summary

Current real estate data for Multi Family in Lockport as of Jun 15, 2026
5
Multi Family Listed
61
Avg DOM
$354,722
Avg List Price

Property Summary

    515 & 517 South Street Lockport IL is a Multi Family for sale in Lockport, IL, 60441. It is listed for $384,808

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