515 South St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Multiple offers received! Highest & Best Due by 6/1/26 at 5pm This well-maintained duplex presents an exceptional opportunity for investors, owner-occupants, or anyone seeking the perfect related living arrangement, with both units being sold together and already occupied by great longstanding tenants, providing immediate rental income and long-term value. Each spacious unit offers 2 bedrooms, 1 full bath, an attached 1-car garage, in-unit laundry, and thoughtfully designed living spaces highlighted...Multiple offers received! Highest & Best Due by 6/1/26 at 5pm This well-maintained duplex presents an exceptional opportunity for investors, owner-occupants, or anyone seeking the perfect related living arrangement, with both units being sold together and already occupied by great longstanding tenants, providing immediate rental income and long-term value. Each spacious unit offers 2 bedrooms, 1 full bath, an attached 1-car garage, in-unit laundry, and thoughtfully designed living spaces highlighted by dramatic beamed vaulted ceilings in the living rooms and vaulted ceilings in the bedrooms, creating an open and airy feel throughout. Large family rooms feature beautiful hardwood flooring and abundant natural light, while each kitchen includes dedicated eating space and convenient patio door access to the backyard areas, offering low-maintenance outdoor living ideal for tenants or owners alike. Unit 515 has been completely renovated and showcases modern finishes throughout, including all new cabinetry, elegant quartz countertops, stylish tile backsplash, oversized white trim, updated LED lighting, and hardwood floors throughout the entire unit. The beautifully remodeled bathroom in Unit 515 features a new vanity with double sinks, updated fixtures, and a brand-new tub and shower surround, giving the space a fresh contemporary feel. Significant mechanical and exterior improvements provide peace of mind for future ownership, including a new roof installed in 2024, a new sewer line at the foundation completed in 2025, new front entry and garage service doors, a new A/C unit installed in 2025 for Unit 517, a brand-new hot water heater installed in 2026, and a new A/C unit currently being installed for Unit 515. Outdoor amenities include a fenced backyard for Unit 515, while Unit 517 offers ample space to add fencing for additional privacy or pet-friendly use. The property combines strong rental appeal with durable updates and flexible living potential, making it a rare turnkey opportunity in today's market. One tenant is currently on a month-to-month lease while the other remains under lease agreement, offering flexibility for investors or future owner-occupants seeking income potential combined with comfortable, updated living spaces.
  1. Listed by Robert Kroll • 808 Realty
    P: (815)-735-0749 bobandteresa@outlook.com
  2. Listed by Teresa Kroll • 808 Realty
    P: (708)-609-2027 teresakroll326@hotmail.com

Property Details for 515 South Street

Area
Homer / Lockport
Township
Lockport
Ownership
Fee Simple
Num Of Garage Spaces
1.0
Num Of Parking Spaces
1.0
Heat/Fuel
Electric, Baseboard
LISTING UPDATED: 06/02/2026 08:13 AM

Property Details for 515 South Street

StatusContingent
MLS #12660003
Days on Market15
Taxes$8,686 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / Duplex Side By Side
Year Built1971
Lot Size0.23 AC / 10,018 SF
CountyWill County

Location

Listing Courtesy of 808 Realty
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Building Information for 515 South Street

Stories-Residences2Year Built1971Building Size-Lot Size0.23 AC / 10,018 SF

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$1,918

Property Taxes

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Property Information for 515 South Street

General Information
School Information
  • Elementary School District: 205
  • Elementary School: Lockport Township High School
  • Jr High Middle School: Lockport Township High School
  • High School District: 205
  • High School: Lockport Township High School
  • Middle Or Junior School District: 205
Addtl Parking Information
  • Parking Details: Garage Door Opener, Yes, Garage Owned, Attached, Garage
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Paved
  • Basement Type: Crawl Space
  • Bedrooms Possible: 4
  • Basement Bathrooms: No
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 147 X 61
  • Total # Units in Building: 2.0
  • Other Structures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service
  • 3 Br Un In Bldg: No
  • Flood Zone: No
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 2
  • Document Date: 2026-05-27T22:18:47
  • Photos Count: 22
  • Habitable Residence: Yes
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $37,200.00
Unit 1
  • Unit Type Actual Rent: $1,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MO/MO
Unit 2
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 05/27

Property History for 515 South Street

DateEvent & SourcePriceAppreciation
Jun 1, 2026

Contingent

MRED #12660003

May 28, 2026

Listed (Active)

MRED #12660003

$384,808
Oct 28, 2022

Sold

MRED #11646717

$262,000
DateEvent & SourcePrice
06/01/2026

Contingent

MRED #12660003

05/28/2026

Listed (Active)

MRED #12660003

$384,808
10/28/2022

Sold

MRED #11646717

$262,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 515 South Street

Taxable ValueLand$15,847Additions$62,458Total$78,305
Tax Record2020$7,007 ($584 / month)
Home Facts
Beds0Lot Size10,019 SqFtStyleSingle Family ResidenceCountyWILLAPN11-04-26-207-020

Schools near 515 South Street

This home is within Lockport Twp Hsd 205 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Private - PK to 8
Private - PK to 8
Rating
School
Distance
Taft Grade School
PublicPK to 8

Lockport Township High School East
Public9 to 12

St Dennis School
PrivatePK to 8

St Joseph Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 808 Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/02/2026 08:13 AM. 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.