304 Hankes Ave - Apartments FOR SALE


Aurora, IL 60505- Pigeon Hill
$1,799,900 USD
630-446-0346
304 Hankes Ave, Aurora, IL for Sale
$1,799,900 USD
Apartments - FOR SALE
1/32
null | 6.08% Cap Rate

304 Hankes Ave
Aurora, IL 60505
Pigeon Hill


HIGHLIGHTS

  • Well maintained
  • Lots of Natural Light
  • Close to Metra & Downtown

OVERVIEW

Well-maintained and professionally landscaped, 304 Hankes Ave is a turnkey 9-unit multifamily investment in Aurora's desirable Pigeon Hill neighborhood, offering a strong unit mix of six spacious 2-bedroom units and three comfortable 1-bedroom units with no association and low utility costs. Most units have been renovated with new fixtures, upgraded electrical circuits and breakers, newer windows, and modern split ductless heat and A/C systems with backup electric heating, ensuring long-term reliability and reduced maintenance. Apartments feature hardwood floors covered with durable luxury vinyl plank flooring and oak kitchen cabinetry, designed for tenant appeal and easy upkeep. Each unit includes two designated parking spaces, while long-term tenants provide stable income. The property benefits from additional revenue through coin-operated laundry and rentable private basement storage units, and recent capital improvements, including a newer roof, further enhance value. Fully occupied building, this asset offers excellent cash flow and a solid return for both new and seasoned investors. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,799,900 USD

PRICE/SF

$123 USD /SF

# OF UNITS

9

PRICE/UNIT

$199,989

CAP RATE

6.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

Multifamily

APN/PARCEL ID

15-15-276-009

ASK ABOUT THIS PROPERTY

Venkat ChatakonduSohum Realty, Inc.More Info
630-446-0346

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Venkat ChatakonduSohum Realty, Inc.More Info
630-446-0346

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