1187 N Farnsworth Avenue, Aurora, IL 60505

  • $2,900,000
  • $2,900,000
1187 N Farnsworth Avenue, Aurora, IL 60505
  • Commercial Sale
  • Property Type
  • 1982
  • Year Built
For Sale
1187 N Farnsworth Avenue, Aurora, IL 60505
  • $2,900,000
  • $2,900,000

Overview

Property ID: 23550893
  • Commercial Sale
  • Property Type
  • 1982
  • Year Built

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.

  • Address 1187 N Farnsworth Avenue
  • City Aurora
  • State/county IL
  • Zip/Postal Code 60505
  • Country United States

Details

Updated on August 20, 2024 at 4:48 am
  • Property ID: 23550893
  • Price: $2,900,000
  • Year Built: 1982
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12111563
  • Office Name: INFINITI PROPERTIES, INC.
  • Agent Name: Ned Malley
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD26364
  • List Agent MLSID: MRD602643
  • List Date: 2024-07-15T19:09:29.000Z
  • Cooling: Central Individual
  • Tax Annual: 40584
  • Tax Year: 2022
  • County: Kane
  • Property SubType: Apts/Stores

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