213 Robson Dr
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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 | Building Class | C |
Price Per Unit | £127,467 | Lot Size | 0.20 AC |
Sale Type | Investment | Building Size | 4,000 SF |
Net Initial Yield | 7.81% | Number of Floors | 2 |
No. Units | 4 | Year Built | 1980 |
Property Type | Residential | Parking Ratio | 2/1,000 SF |
Property Subtype | Apartment |
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
Parcel Number | 04-13-408-004 | Improvements Assessment | £38,652 |
Land Assessment | £15,685 | Total Assessment | £54,337 |
PROPERTY TAXES
Parcel Number
04-13-408-004
Land Assessment
£15,685
Improvements Assessment
£38,652
Total Assessment
£54,337
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213 Robson Dr
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