In this study, cubic coupons of AlSi10Mg alloy were printed using the laser powder bed fusion (LPBF) technique. The effect of heating/reheating cycles on solute trapping and partitioning of alloying elements was investigated using atom probe tomography and transmission electron microscopy. Nano-hardness analysis and uniaxial tensile tests equipped with digital image correlation were employed to investigate the mechanical properties and Poisson's ratio. X-ray micro-computed tomography was utilized to detect strain localization sites along the building direction. Also, the uniaxial tensile test was simulated using finite element analysis to verify the experimental data and predict stress triaxiality. The results showed that the solute trapping and partitioning during the LPBF process results in remarkable changes in phases, their size and morphology, Poisson's ratio, strengthening factor, and consequently mechanical properties. While the tensile sample from top part of the LPBF coupon mostly shows porosity due to floating and entrapment of gases during layer-by-layer fusion/solidification, the sample from bottom part is exposed to sub-surface microcracking induced by residual stresses. The hardness, elastic, and shear moduli, Peierls stress, and cumulative strain energy of the top-part sample are higher than those of the bottom-part sample even though electron backscatter diffraction analyses report similar grain size and texture. Besides, by distancing from the build plate, the Poisson's ratio decreases. Simulation results of both samples indicate that the middle of the gauge is a high-potential area of failure initiation, where the bottom-part sample shows higher stress localization.