304 Hankes Ave - Apartments FOR SALE


Aurora, IL 60505- Pigeon Hill
$1,800,000 USD
630-446-0346
304 Hankes Ave, Aurora, IL for Sale
$1,800,000 USD
Apartments - FOR SALE
1/1
null | 6% Cap Rate

304 Hankes Ave
Aurora, IL 60505
Pigeon Hill


HIGHLIGHTS

  • Located near Route 25, Route 31, and I-88 for regional access
  • Dense residential surroundings support retail or service demand
  • Minutes from downtown Aurora and Fox Valley Mall
  • Near Metra rail station and Rush Copley Medical Center

OVERVIEW

Well-maintained 9-unit apartment building featuring six spacious 2-bedroom units and three comfortable 1-bedroom units, thoughtfully designed for long-term tenant satisfaction and low maintenance. All units include hardwood floors covered with durable luxury vinyl plank flooring, oak kitchen cabinets, upgraded electrical breakers, and newer windows. Each unit offers two dedicated parking spaces. The property also includes coin-operated laundry and private storage units in the basement for additional income. Recent upgrades include a newer roof, new ductless heating and A/C systems, and other building improvements to ensure long-term reliability. With low utilities, no association hassles, and a strong rental history, this turnkey investment delivers stable cash flow and excellent potential for appreciation. Please do not disturb tenants. The owner is a licensed real estate broker.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

9

PRICE/UNIT

$200,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey 9-Unit Multi-Family Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

15-15-276-009

ASK ABOUT THIS PROPERTY

Suresh ChatakonduVenkat Real Estate LLCMore Info
630-446-0346

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Suresh ChatakonduVenkat Real Estate LLCMore Info
630-446-0346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.