$2,900,000 $15,568 est/mo Sourced by Back At You

1187 N Farnsworth Avenue,Aurora, IL 60505

Aurora IL, 60505

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Description

Multi-tenant mixed used investment property with 8 retail rental units and 12 one-bedroom apartments, located at the corner of Farnsworth and Indian Trail. All tenants are on Month-to-Month rental basis. High traffic intersection. Taxes are $40,584/yr, Rental income is $258,240/yr. Cap Rate is 6.89%. Net Income is $199,801. SELLER FINANCING available with 25% down. Newest improvements (2023) include: * Asphalt repair * Underground electrical cables replacement * Roof Repair * New stairs * New electronic panels Busy southeast corner of Indian Trail and Farnsworth, strategically located next to McDonalds and across the street from Walgreens. N. Farnsworth sees 28,800 vehicles per day, and E. Indian Trail sees 14,400.

Details

MLS#11961705
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1982
Days On Site135
Listing Provided ByInfiniti Properties, Inc. | Ned Malley

Features

Story(s)2
Units20
ZoningRTAIL

Market Activity 60505

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Listings Checked: 3 minutes ago
StateIL
CountyKane
CityAurora
Zip Code60505
AreaAurora | Eola
Listing VS Median (in 60505)
Price:
$2,900,000
low | high
Med:
$229,900
100% of Average
On Site:
135
low | high
Med:
8.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:02:45 PM PDT