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$1,600,000
Est. payment /mo
6,532 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,532 sqft
Price per Sqft $244
MLS Listing ID 12552481
Maintenance Fees $4,800
Year Built 1931
Annual Tax Amount $12,600
Tax Year 2024
Lot Size 0.330 Acres
Lot Dimensions 81.4 X 180.2X81.4X179.23
Property Sub-Type Multi Family 5+
Property 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.
Location
State IL
County Kane
Area Aurora / Eola
Zoning MULTI
Rooms
Basement Other, Bath/Stubbed, Storage Space
Interior
Cooling Exhaust Fan, Heat Pump, Wall Sleeve
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Sewer Storm Sewer
Water Municipal Water
Structure Type Wood,Frame
Others
HOA Fee Include None
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Listed by Venkat Chatakondu of Sohum Realty, Inc.