1187 North Farnsworth Avenue $2,300,000

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    1187 North Farnsworth Avenue Aurora, IL 60505

    Active

    $2,300,000

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    • Commercial
    • MLS# 10572962
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    Views: 3 Days On Market: 66

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    Property Details

    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. High traffic intersection. Taxes are $38,000/yr, Maintenance & other expenses $12,000/yr; Total Expenses are $50,000/yr. Rent is $21,400/Month $256,800/yr. Net Annual income is $206,800. Cap Rate is 8.25%. 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.

    • General Features
      • Age 26-35 Years
      • Information No Sign on Property
      • Zoning RTAIL
      • Taxes 38000
      • Gross Rental Income 256800
      • County Kane
    • Building Features
      • Heating Forced Air
      • Air Conditioning Central Individual
    • Property Features
      • Electrical Service Circuit Breakers

    Contact

    Nick Bolognia

    Administrative Manager

    Gagliardo Realty

    Office: 708-771-8040

    Neighborhood

    60505 (Aurora) Demographics

    30 Median Age
    6,901 Population Density (per sq. mile)
    12% College Educated
    $44,808 Estimated Median Income
    12,051 Estimated Total Home Owners
    9,115 Estimated Total Renters
    57% / 43% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    77,190 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $125,500 Median Sales Price
    24 Homes Sold
    28 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,300,000
        1/16/2020 12:37:09 AM Status Changed Source New Value: Active
        1/10/2020 5:37:18 PM Price Reduced Source New Value: $2,300,000 -8%
        1/10/2020 5:37:18 PM Status Changed Source New Value: Price Change
        11/19/2019 12:07:16 AM Status Changed Source New Value: Active
        11/13/2019 11:39:00 AM New in Database Source New Value: $2,500,000

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