1187 North Farnsworth Avenue Aurora, IL 60505

$2,900,000
0.90
Acres
$2,900,000
Favorite

active
1/11
Street View

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.

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.

  • Neighborhood
  • Type
  • County
    Kane
  • Area
    Aurora / Eola
  • Tax Amount
    $40,584
  • Status
    Active
  • Listing #
    11961705
  • Built
    1982
  • Lot Size
    0.90
  • Listed on site
    108 days

Listed by:
Infiniti Properties, Inc.

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Infiniti Properties, Inc..
Click for Map

Property details

Community Features

  • No HOA

Exterior features

  • No Pool
Favorite

Tour This Home

Fri
03May
Sat
04May
Sun
05May
Mon
06May
Tue
07May
Wed
08May
Thu
09May
Fri
10May
Sat
11May
Sun
12May
Mon
13May
Tue
14May
Wed
15May
Thu
16May
in Person
via Video Call