17648 S Alta Dr · Lockport, IL 60441

$324,000

3 bd · 2.5 ba · 1,393 sqft · Townhouse public records · 4 Days on market

Built 2003 Est $297k · 9% over $214/mo HOA · 7% of rent

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.2/30.0
• 1% rule +4.5/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• ARV discount +3.4/15.0
• Schools +3.4/10.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this meticulously maintained and thoughtfully updated 3-bedroom, 2-bath townhome, offering comfort, style, and peace of mind with numerous upgrades throughout. Step inside to discover a bright, inviting interior that was freshly painted throughout in 2020, complemented by updated light fixtures that add a modern touch to every room. The beautifully renovated kitchen features granite countertops (2020), a stylish backsplash (2021), a new sink and faucet, and a full suite of kitchen appliances replaced approximately five years ago making it both functional and attractive for everyday living and entertaining. Both bathrooms were tastefully updated in 2021, providing fresh, cont

Key facts

• New sink and faucet
• Stylish backsplash
• Renovated kitchen

Tags

• UPDATED LIGHT FIXTURES
• RENOVATED KITCHEN
• GRANITE COUNTERTOPS
• STYLISH BACKSPLASH
• NEW SINK AND FAUCET
• UPDATED BATHROOMS

Property features AI

Finance

• Other: Lot dimensions listed as 200 (lot size source: other); 6-unit building (property part of a building with 6 units); Living area is estimated
• HOA & community: Monthly association fee of $214; Association covers water, lawn care, trash (scavenger) and snow removal; Pets allowed (cats and dogs)

Exterior

• Parking: Attached garage with 2 garage spaces (2 total parking spaces)
• Utilities: Public water service; Public sewer
• Home design: Attached single property; Townhouse — 2 stories; Entry level is 1; Fee simple ownership
• Construction: Vinyl siding exterior; Built approximately 21–25 years ago; Not rebuilt or rehabbed
• Exterior features: Public water; Public sewer; School bus service and commuter train access

Interior

• Kitchen: Kitchen on main level with ceramic tile flooring (approx. 13 x 25)
• Bedrooms: 3 bedrooms (Master bedroom on the second level; two additional bedrooms on the second level)
• Flooring: Laminate flooring in general living areas; Wood laminate in living room and family room; Carpet in bedrooms
• Bathrooms: 2 full baths and 1 half bath
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Walk-in closets; Total of 6 rooms
• Laundry & utility: Laundry on upper level (approximately 8 x 10)

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $324k.

Deal economics

• At list price, monthly cash flow is $-122 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $302k (6.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $307k (5.2% below list).
• Recommended offer: $302k (6.6% below list) — sets the bar for cash-flow.
• Cap rate 5.8% vs local median 3.6% in Lockport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#116 in IL, #2,034 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: health & safety C-, commute D, amenities D-.
• Lockport Twp Hsd 205 (suburban): math 35% / reading 38% proficiency, ranked #153 of 620 in IL (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lockport Township High Sch East (math 35% / reading 38%, grade F, #117 of 693 statewide, top 17%, 3,872 students, 0% FRL).
• Market conditions: Rents rising (+3.9%/yr); 131 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,028 units permitted in Will County in 2024 (530 in 5+ unit buildings).
• This rent runs 36% of the median local income ($103k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Will County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $180k; list at $324k implies a 80% gain — meaningful room to come down on a strong offer.

Recommended offer $302,488 (6.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.95% ✗
• Cap rate: 5.84%
• Cash-on-cash: -1.61%
• DSCR: 0.93
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $296,709
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17660 S Alta Dr	0.02mi	3/2.5	1,393 (0%)	1mo	$312,500	$224	98
17656 S Gilbert Dr	0.09mi	2/2.5 (-1)	1,393 (0%)	2mo	$305,000	$219	89
17526 Gilbert Dr	0.17mi	2/2.5 (-1)	1,393 (0%)	8mo	$295,000	$212	81
16613 W Adobe Dr	0.46mi	2/2.5 (-1)	1,397 (+0%)	6mo	$293,000	$210	68
16731 W Natoma Dr	0.63mi	2/2.5 (-1)	1,381 (-1%)	3mo	$295,000	$214	62
17440 Yakima Dr	0.31mi	2/1.5 (-1)	1,273 (-9%)	4mo	$275,000	$216	59
16047 Tiger Dr	0.34mi	3/1.5	1,538 (+10%)	5mo	$305,000	$198	59
16212 Golfview Dr	0.30mi	3/2.5	1,590 (+14%)	6mo	$260,000	$164	58
17234 Long Bow Dr	0.57mi	3/3.0	1,478 (+6%)	8mo	$317,000	$214	55
16224 Golfview Dr	0.27mi	2/1.5 (-1)	1,590 (+14%)	0mo	$325,000	$204	54
16043 Tiger Dr	0.34mi	2/1.5 (-1)	1,242 (-11%)	5mo	$265,000	$213	53
16148 Golfview Dr	0.33mi	2/1.5 (-1)	1,590 (+14%)	0mo	$309,900	$195	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.91% rent growth · sell at horizon

5-year hold

• IRR: -17.7%
• Equity multiple: 0.37×
• Total profit: $-57,183
• Equity at exit: $48,309

10-year hold

• IRR: -7.8%
• Equity multiple: 0.48×
• Total profit: $-46,955
• Equity at exit: $28,014

Cash invested: $90,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 60441

• Home prices YoY: -33.0%
• Rents YoY: 3.9%
• Active inventory: 131
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $3,072 medium
• Mortgage (P&I): −$1,699
• Tax from tax record: −$501 /mo · $6,008/yr
• Insurance: −$135
• HOA: −$214
• Vacancy / Maint / Mgmt: −$645
• Net cashflow: $-122

Break-even live

Break-even rent $3,226

Max offer price $302,488

Occupancy floor 99%

Sensitivity live

Price	-10% $62	-5% $-30	+0% $-122	+5% $-213	+10% $-305
Rent	-10% $-364	-5% $-243	+0% $-122	+5% $0	+10% $121
Rate	-1.0pp $41	-0.5pp $-39	base $-122	+0.5pp $-206	+1.0pp $-291

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $81,000
• Closing costs: $9,720
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17419 Yakima Dr Unit 17419 Lockport, IL	2.0	2.0	1588	$3,200	$2.02	3d	1	0.34mi
16704 W Natoma Dr Lockport, IL	3.0	3.0	1704	$3,200	$1.88	13d	1	0.61mi
17215 S Juniper Dr Lockport, IL	2.0	2.0	1500	$3,149	$2.10	0d	3	0.92mi

HOA detail

• Monthly dues: $214 · $2,568/yr

Listing history 3 events

1. 2026-06-21
   days on market $324,000 Active 4 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $324,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $6,008 · $501/mo
• Projected year-2 tax: $6,681 · $557/mo
• Expected delta: +$674/yr (+$56/mo · 11.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,865
• − Mortgage interest: −$18,149
• − Property taxes: −$6,008
• − Insurance: −$1,620
• − Repairs & maintenance: −$2,949
• − Management: −$2,949
• − HOA: −$2,568
• − Depreciation: −$9,425
• Taxable loss: −$6,803
• Est. tax savings @ 24.0%: +$1,633
• After-tax cash flow: $172/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lockport Twp Hsd 205
• NCES district ID: 1723350
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 38% ▼ -4.00%
• Median HH income: $69,994
• Composite: 33.5/100
• National rank: #5440
• State rank: #153 of 620 in IL

Livability — Lockport

• Score: 79/100
• State rank: #116
• US rank: #2034

Category grades

Amenities D- Commute D Cost of living B- Crime A+ Employment A+ Housing A+ Health & safety C- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lockport, IL
• County: Will County · 412,448 people
• City population: 36,844
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 36,844
• Household income: $103,374
• Rent vs Own: 15.9% rent · 84.1% own
• Severe rent burden: 519.0

Population outlook (Will County) Hauer SSP2

• Today (2025): 705,368 people
• By 2030: 708,154 · +0.4%
• By 2040: 702,692 · -0.4%
• By 2050: 680,249 · -3.6%
• By 2075: 611,990 · -13.2%
• By 2100: 516,215 · -26.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 12% Two or more races 9% Black 7%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Romanian 18% Iranian 2% Lithuanian 2%
• Foreign-born: 7% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% Other Indo-European 2%

Political lean MEDSL · Will

• 2024 margin: Toss-up / Even · D 50.1% · R 48.5% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 13.2pp · 2024: 1.6pp
• All cycles: 2024: D+1.6 2020: D+8.3 2016: D+5.7 2012: D+3.7 2008: D+13.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.43%
• Current HPI: 201.5857
• Rent YoY: ▲ 3.91%
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+82.9% since first listed

10 events — show timeline

• 2026-06-17 Listed $324,000 MRED as Distributed by MLS Grid
• 2019-05-14 Sold (Public Records) $180,000 Public Records
• 2016-07-06 Listing Removed — MRED as Distributed by MLS Grid
• 2016-04-10 Price Changed — MRED as Distributed by MLS Grid
• 2016-01-01 Listed — MRED as Distributed by MLS Grid
• 2015-12-31 Listing Removed — MRED as Distributed by MLS Grid
• 2015-07-16 Price Changed — MRED as Distributed by MLS Grid
• 2015-02-14 Price Changed — MRED as Distributed by MLS Grid
• 2015-01-24 Listed — MRED as Distributed by MLS Grid
• 2004-01-01 Sold (Public Records) $177,104 Public Records

Property tax history

+1.4%/yr

Latest (2024): $6,008 · +4.8% YoY. Source: county tax records.