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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Data last updated 4:25 AM UTC, 10/2/2024
