Sign up to get new listings emailed daily! JOIN SIGN IN
Dale Williams
REALTOR®
Cell: (815) 519-2243

1316 Argo Lane, Lockport, IL 60441

$699,900
  • 1316 Argo Lane, Lockport, IL 60441 Main Photo

18 Photos

New to the Market New
BEDS8 BATHS4 full MLS#12785781
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 205

Property Description

ATTENTION INVESTORS! OUTSTANDING INCOME-PRODUCING OPPORTUNITY! This beautifully maintained and nicely updated four-unit building offers an exceptional opportunity to add a turnkey investment property to your portfolio! FULLY RENTED WITH IMPRESSIVE RENTAL INCOME and a strong history of long-term tenants, this property is an investor's dream! All four units have been thoughtfully updated and feature attractive kitchens with maple cabinetry and a full complement of appliances, beautifully appointed bathrooms with tile finishes, and the highly desirable convenience of IN-UNIT WASHERS AND DRYERS! Each unit is separately metered for gas and electric, providing added convenience and efficiency for property ownership. Plenty of off street parking. Pride of ownership shines throughout this well-cared-for building, offering an appealing combination of modern updates, established tenants, and excellent income potential. Whether you're a seasoned investor looking to expand your portfolio or seeking your first multi-unit investment, this is a fantastic opportunity to own a fully occupied, income-generating property! A RARE OPPORTUNITY TO ENJOY IMMEDIATE RENTAL INCOME FROM DAY ONE! Roof 12 years.

1316 Argo Lane | MLS# 12785781

This multi-family property located at 1316 Argo Lane, Lockport, IL 60441 is currently listed for sale with an asking price of $699,900. Argo Lane is located within the District 205 school district. Search Lockport real estate on dwilliams.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Heating: Gas, Forced Air, Indv Controls
Lot Size: 0.17 Acres
Roof Type: Asphalt
Taxes: $6,532

Feature Descriptions

Exterior: Brick, Concrete
Lot Dimensions: 68X110
Parcel#: 1104134100090000
Parking: Off Street, Side Apron, Parking Lot, Yes, Owned
Sewer: Public Sewer
Total Rooms: 16
Township: Lockport
Water: Public

Local Schools

High School: Lockport Township High School
Middle School: Oak Prairie Junior High School
Elementary School: Walsh Elementary School
School District: District 205

Listed By / Shown By

Listed By

Agency Name: Wirtz Real Estate Group Inc.
Agency Phone: 708-516-3050

Shown By

Agent Name: Dale Williams
Agent Phone: Cell: (815) 519-2243
Agency Title: Gambino Realtors

IDX logo

Estimate Your Payment

Estimated Payment

$ 3,927.64 per month $3,179.16 Principal & Interest $544.33 Property Tax $204.14 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/26/2026. The listing information on this page last changed on 10/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 10/26/2026 8:01:34 AM EST) or MRED MLS (last updated Mon 10/26/2026 7:05:52 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 10/25/2026 10:15:20 PM EST) or Northern Illinois Commercial Association Realtors (last updated Sun 10/25/2026 2:10:10 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.



Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder