Seller Financing
Address
1187 N Farnsworth Avenue, Aurora, IL
Price
$ 2,900,000
Property Attributes
  • MLS#11961705
  • TypeCommercial
  • CountyKANE
  • CityAurora
  • AreaAurora - Eola
  • Zip60505
  • StyleCommercial
  • Year Built1982
  • Taxes$ 40584
  • Price$ 2,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.9 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property 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.

Price History
1/15/2024 Listed $2,900,000

General Features

Cooling Central Individual
Zoning RTAIL
Year Built 1982
Electric Circuit Breakers
Tenant Pays Varies by Tenant
Stories 2
Township Aurora
Property SubType Apts/Stores
Tax Year 2022
Current Use Commercial
Gross Income 258240
County Kane
Net Operating Income 199801
Operating Expense 58438
Insurance Expense 9660
Property Type Commercial Sale
Status Active
Directions Follow I-290 W and I-88 W to N Farnsworth Ave in Aurora. Take the Farnsworth Avenue S exit from I-88 W
City Aurora
Total Units 20
MLS Area Aurora / Eola
Lot Size Square Feet 39204
Street Name Farnsworth
Tax Annual Amount 40584
Electric Expense 797
Trash Expense 4140
Additional Parcels Y/N Yes
Days on Market 6
Standard Status Active
Property Type Mixed Use

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 136X211

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60505

Price
AVG $440K
$2.9M
Taxes
AVG $13,186
$40,584
Visits
AVG 149
93
Data Provided by Inside Real Estate®
Year Built
AVG 1931
1982

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