201 W 10th St

Significant Recent Capital Improvements: Ownership has invested approximately $7 million in capital expenditures, including major roofing and HVAC replacements completed in 2025.
Historical Recognition: Historic Award-Winning Building – The property received the prestigious Richard H. Driehaus Award for Historic Preservation in 1995 from the Landmark Council of Illinois, recognizing the building’s architectural integrity and successful preservation.
Fully Renovated Class A Apartment Units: The property features highly upgraded Class A apartment interiors, offering modern finishes and updated layouts that compete with newly constructed products while benefiting from the economics of an existing asset. Renovated units with contemporary finishes and updated amenities position the property to attract high-quality tenants seeking modern living options in the Lockport submarket.
Long-Term Asset Durability: The combination of extensive capital investment, new mechanical systems, and upgraded unit interiors significantly enhances the property’s long-term durability, creating a stable and resilient investment opportunity. The recent roof and HVAC system replacements significantly extend the life cycle of the building’s critical infrastructure, lowering operating risk and improving long-term reliability for ownership.
Strategic Location in the Growing Southwest Chicagoland Submarket: Located in Lockport, Illinois, the property benefits from proximity to major transportation corridors, strong regional employment hubs, and continued population migration into the Southwest suburban Chicago market.
Investment Opportunity: With substantial capital improvements completed and units renovated, the property offers investors a turnkey asset with limited deferred maintenance and strong long-term operational stability.

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Broker of Record

Matthew M. Fitzgerald