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$310,000

For Sale - Active
2122 S Austrian Pine St, Lockport, IL 60441
3 Beds
3 Baths
2,044 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
6 Units
Checked: 6 hours ago
Updated: Aug 25, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$230
Cap Rate
4.8%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.2%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
6 Units

Welcome to this meticulously maintained 2-story townhouse, offering 3 spacious bedrooms, 2.5 baths, and a versatile basement-perfect for growing families or those seeking additional living space. The open-concept main level seamlessly combines a bright and inviting living and dining area, ideal for entertaining. This level also boasts two generously sized bedrooms, including a luxurious primary suite with a private en-suite bath and plenty of closet space. A charming loft area adds extra potential for a home office, reading nook, or flexible space to suit your needs. The finished basement enhances the home's livability, featuring an additional living area, a cozy bedroom, and a convenient half bath-perfect for guests or a private retreat. Enjoy the best of townhouse living with minimal maintenance, all while experiencing the comfort and space usually reserved for single-family homes. Whether you're a first-time buyer, a growing family, or seeking a low-maintenance upgrade, this home is move-in ready and offers endless potential.

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Location


Property Details


Parking

  • Description: Attached, Garage Door Opener(s), Transmitter(s), Garage, Garage On-Site
  • Details: On Site, Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Finished, Full

HOA

  • Has HOA: Yes
  • HOA Fee: $170/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 110426221008
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2004

Tax Information

  • Annual Tax: $6,298

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Will

Listing Details


Listed by:
Linsey Scanlan
Scanlan Realty LLC
(708) 790-1089

Source:
Midwest Real Estate Data (MRED)
MLS#: 12442649
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$230
Cap Rate
4.8%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.84
Internal Rate of Return (5 years)
0.2%

Purchase Details

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Purchase price:
$310,000
Amount financed:
-$248,000
Down payment:
$62,000
Closing costs:
$9,300
Rehab costs:
$0
Initial cash invested:
$71,300
Square feet:
2,044
Cost per square foot:
$152
Monthly rent per square foot:
$1.37

Financing Details

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Loan amount:
$248,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,467
Property tax:
$525
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,188

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$525-$6,298
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (6%)
6%-$170-$2,040
Total operating expenses: (50%)
50%-$1,395-$16,738

Cash Flow


Monthly Yearly
Net operating income:
$1,237 $14,844
Mortgage payments:
-$1,467 -$17,604
Cash flow:
-$230 -$2,760