Active
1187 N Farnsworth Avenue
Aurora IL, 60505
$2,900,000
Active
Other
Built in 1982
Courtesy of Infiniti Properties, Inc.
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.
12111563
MLSⓇ ID
July 15, 2024
Listed
October 2, 2024
Updated
Map
1187 N Farnsworth Avenue
Aurora IL, 60505
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Individual
Heating
No
Exterior/Building Features
Lot Size
0.9 Acres
Other Property Details
Area Name
Aurora / Eola
Taxes
$40,584
Tax Frequency
Annually
Days on Market
56
Garage
No
View
No
County
Kane
Municipality
Aurora
Pool
No
Zoning
RTAIL
Courtesy of Infiniti Properties, Inc., Ned Malley,
Listing Contact: 708-296-1295
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Based on information submitted to the MLS GRID for MRED 10/2/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 4:25 AM UTC, 10/2/2024
