14832 W Richton Dr

Lockport, IL 60441
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4 bd, 3 ba | 2,574 sqft | Built in 2010

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List Price
$534,900

Initial Investment

$145,760

Purchase Price

$534,900

Down Payment

25%

Rent

$4,380

Total Return

$175,028

Annualized Return

16.7%

Cap Rate

5.0%

Gross Yield

9.8%

Cash Flow

-$3,695

Appreciation

6.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,890

HOA

$66/mo

Flood Risk

Not Required

Welcome to the Wilshire model in the sought-after Cedar Ridge community-boasting an open concept floor plan, standout curb appeal, and professional landscaping. With over 2,500 sq/ft of living space and a neutral color palette throughout, this home is move-in ready. Step into a grand two-story foyer, adjacent to formal living and dining rooms, perfect for entertaining. Custom recessed wainscoting adds a touch of elegance in both rooms. Just ahead, you'll find a versatile main floor den or playroom, as well as a large family room complete with a gas fireplace. To the right, the spacious kitchen offers ample counter space, a center island, and a walk-in pantry-ideal for both everyday living and hosting. Upstairs, the generous master suite features a private master bath and a relaxing sitting area for winding down at night or starting your day with a morning coffee. The master bath includes both a separate tub and shower, and the walk-in closet offering plenty of storage. The additional bedrooms are nicely sized. This home's spacious English basement is ready for your personal touch. With seven full-sized windows, natural light floods the space, creating a bright and welcoming environment rarely found in basements. A deck just off the kitchen leads down to a paver brick patio, offering multiple levels of outdoor entertaining space. A generously sized backyard backs to more than 50 acres of open land. Multiple parks, ponds, and paved walking/biking paths throughout subdivision. Roof & gutters (2018), sump pump (2022), microwave (2023), refrigerator (2022), garbage disposal (2022), garage door opener (2020).

See more in Analysis
Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$49,932

Expenses

-$9,347

Property Taxes

-$15,200

Loan Payments

-$29,080

Net Cash Flow

-$3,695

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Gary Christensen
Agent License 475133807
N. W. Village Realty, Inc.
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12340595
Last Updated: 04/22/2025 08:04
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