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Midwest 2 Unit Multifamily Building
206 S Jefferson St. Lockport IL 60441
$140,000 Per Unit
**Buyer's Premium Waived
In Place NOI
Target CAP Rate
Today's Market Value
Target Purchase Price
Cost Per Unit
Purchase at target price with 25% down payment. Property prices and rental rates are increasing in the area. Refinance and pull cash out based on higher property valuation.
About The Property
A well maintained 2 unit located in the heart of downtown Lockport. The property is 1 story built on a crawlspace foundation. The building has been well maintained. It features a newer roof and newer mechanicals, including a forced air HVAC system.
About The Neighborhood
Lockport is a city in Will County, Illinois, United States, located 30 miles southwest of Chicago. Per the 2020 census, the population was 26,094. The city was incorporated in 1853. It is situated along the Illinois and Michigan (I&M) Canal, and was the headquarters of the canal when the canal was operating. A section of the canal runs through Lockport, including the remains of the canal's Lock No. 1 from which the town received its name. The canal right-of-way is now the Illinois and Michigan National Heritage Corridor.
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Market report showing trends and insights.
Purchase Price of Property
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Year 2 Pro Forma
This column is based on a stabilized condition of the subject property. These inputs assume proper property performance by using our investment suggestions (proper management, bringing rents up to market rate, vacancy absorption, etc).
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"Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
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