$2,900,000
1187 N Farnsworth AVE Aurora, IL 60505
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$2,900,000
Est. payment /mo
Active
1187 N Farnsworth AVE Aurora, IL 60505
UPDATED:
09/09/2024 04:27 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12111563
Year Built 1982
Annual Tax Amount $40,584
Tax Year 2022
Lot Dimensions 136X211
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.
Location
State IL
County Kane
Area Aurora / Eola
Zoning RTAIL
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ned Malley • Infiniti Properties, Inc.
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