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Lockport 60441
1427 Lawrence Avenue
$184,845
● House - Off Market

1427 Lawrence Avenue

Lockport, IL 60441
bedrooms
2 Beds
bathrooms
1 Bath
square feet
900 Ft²
$205,885
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Do not let the size fool you! This home has a lot of features other two bedroom homes do not have, mudroom, three seasons room, 2.5 car garage, and huge 0.35 acre fenced yard (adjacent lot included in sale). Some recent updates include; roof (2014), forced air heating (2014), tuckpointing (2013), fence (2015), and a brand new smart thermostat. The house is nestled in the heart of Lockport. Walking distance to the train, parks, I&M Canal Trail, and the downtown area with its many pubs, breweries, and restaurants. Don't miss your opportunity to own one of the most unique homes in Lockport!
Unit Size
900 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$200
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11148435)

Price History

Date / Event Date Event Price
Aug 23, 2021 Sold
Premium
Sold
Jul 8, 2021 Listed by HomeSmart Realty Group $179,900
Listed by HomeSmart Realty Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,942
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH LOCKPORT
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: THAT PART OF LOTS 1,2, AND 3 IN BLOCK 1 IN SOUTH LOCKPORT, BEING A SUBD'N OF PRT OF THE E1/2 OF THE NW1/4 OFSECTION 26, T36N-

Neighborhood

  • School District Name: Lockport Township High School District 205
  • Census Tract: 880701

Geography

  • Parcel: 11-04-26-130-011
  • Block: 1
  • Lot: 1-2
  • Meridian: SEC 26 TWN 36N RNG 10E
  • Municipality: LOCKPORT
  • Latitude: 41.5818
  • Longitude: -88.0547

    Address

  • Full Address: 1427 Lawrence Ave
  • Address - House Number: 1427
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lockport
  • Carrier Code: C003
  • 4-Digit Zip Code: 4201
  • Zip Code: 60441

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $407,032
  • Tax Rate Code Area: 1110

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 207,352
  • High Value: 240,898
  • Low Value: 173,806

    Market Valuation

  • Market Total Value: $158,241
  • Market Land Value: $55,329
  • Market Improvement Value: $102,912

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,747
  • Assessed Land Value: $18,443
  • Assessed Improvements Value: $34,304

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 23, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: R2021108470
  • Previous Sale Recording Date: Dec 30, 2013
  • Previous Sale Contract Date: Dec 06, 2013
  • Previous Sale Amount: $112,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lockport

Stats & Trends

Median Asking:

$382,950

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2077 ft²

Average Home Age

29.6 years

Currently For Sale

65 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 220 E 15th Street, Lockport, IL, 60441

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,250 ft²
220 E 15th Street #1, Lockport, IL, 60441 Listing by Daniel Walsh
Unit for rent at 1492 S Jefferson Street, Lockport, IL, 60441

$2,395 /mo

  • 2 Beds
  • 1 Bath
  • 1,800 ft²
1492 S Jefferson Street, Lockport, IL, 60441 Listing by Edward Hall

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Andrew Jay, HomeSmart Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11148435
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1427 Lawrence Avenue built and last sold?
The property at 1427 Lawrence Avenue was built in and last sold on Aug 23, 2021 for $184,845.
How much is this home worth?
The estimated value of the home located at 1427 Lawrence Avenue is $182,804.
What are some comparable homes to 1427 Lawrence Avenue?
There are currently no comparable homes to 1427 Lawrence Avenue.
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