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213 Robson Dr

4 Unit Block of Flats £509,866 (£127,467/Unit) 7.81% Net Initial Yield Lockport, IL 60441

Investment Highlights

  • Superior Location
  • Brick Construction
  • Strong Demographics
  • Value-Add Potential
  • Separate Utilities

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 213 Robson Drive in Lockport, Illinois (the “Property”). The Property is improved by a two-story building and contains four (4) 2-Bedroom/1-Bathroom residential units with 4,000 square feet of living area in 5,000 square feet of total area on a 0.2-acre corner parcel of land. The Property features onsite parking for eight (8) vehicles. The Property is situated at the intersection of Robson Drive and Highland Avenue in the center of Lockport. The Property is surrounded by dense residential neighborhoods and is 500 feet from W 159th Street (IL Route 7), a primary commuter road, and 0.3-miles from Farrell Road, the area’s primary commercial corridor. The location offers convenient access to grocers, restaurants, retail amenities, and outdoor activities. 213 Robson Drive is ideally positioned for commuters with quick and convenient access to public transportation including Metra commuter rail service on the Heritage Corridor line, bus service on the Pace bus line, as well as Interstate 355. Lockport is a city in Will County, 30 miles southwest of the Chicago Loop and offers convenient access to the city via Interstates and public transit.

Property Facts

Price £509,866
Price Per Unit £127,467
Sale Type Investment
Net Initial Yield 7.81%
No. Units 4
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.20 AC
Building Size 4,000 SF
Number of Floors 2
Year Built 1980
Parking Ratio 2/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-13-408-004
Land Assessment
£15,685
Improvements Assessment
£38,652
Total Assessment
£54,337
  • Listing ID: 34092132

  • Date on Market: 05/12/2024

  • Last Updated:

  • Address: 213 Robson Dr, Lockport, IL 60441

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