304 Hankes Avenue,Aurora, IL 60505
Aurora, IL 60505
Description
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.
Details
| MLS # | 12552481 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 238 |
| Listing Provided By | Sohum Realty, Inc. | Venkat Chatakondu |
Features
| SQ Feet | 6,532 |
|---|---|
| Story(s) | 3 |
| Units | 9 |
| Zoning | MULTI |
| Acreage | 0.33 |
Interior
| Cooling | Exhaust Fan, Heat Pump, Wall Sleeve |
|---|---|
| Fireplaces Total | 0 |
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Wood, Frame |
Utilities
| Sewer | Storm Sewer |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 12600 |
Area Information
| State | IL |
|---|---|
| County | Kane |
| City | Aurora |
| Zip Code | 60505 |
| Area | Aurora | Eola |
| Listing VS Median (in 60505) | |
Price: $1,600,000 low | high Med: $277,500 sqft: 6,532 low | high Med: 1,529 $ / sqft: $245 low | high Med: $182 On site: 238 low | high Med: 26 | |
Market Activity 60505
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Learn More About This Property
| State | IL |
|---|---|
| County | Kane |
| City | Aurora |
| Zip Code | 60505 |
| Area | Aurora | Eola |
| Listing VS Median (in 60505) | |
Price: $1,600,000 low | high Med: $277,500 sqft: 6,532 low | high Med: 1,529 $ / sqft: $245 low | high Med: $182 On site: 238 low | high Med: 26 | |