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1187 N Farnsworth Avenue Aurora, IL $ 2,900,000
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$ 2,900,000 Get more info
1187 N Farnsworth Avenue
$ 2,900,000
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Share Save

1187 N Farnsworth Avenue

Aurora, IL, 60505
$ 2,900,000
Baths0.0

Monthly Estimate*

$ 20,257

1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 1
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 2
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 3
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 4
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 5
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 6
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 7
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 8
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 9
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 10
1187 N Farnsworth Avenue, Aurora, IL 60505 - Image 11
Studio

Commercial Property for sale in Aurora, IL

for $2,900,000. This building was built in 1982 on a lot size of 0.9.

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.

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Commercial Active

Price

$ 2,900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 40,584

Style

Commercial

Lot Size

0.9

Year Built

1982

Town/City

Aurora

County/Region

Kane

MLS | Web ID

11961705
Features
General
Cooling Central Individual
Zoning RTAIL
Year Built 1982
Electric Circuit Breakers
Tenant Pays Varies by Tenant
Stories 2
Township Aurora
Property SubType Apts/Stores
Tax Year 2022
Current Use Commercial
Gross Income 258240
County Kane
Net Operating Income 199801
Operating Expense 58438
Insurance Expense 9660
Property Type Commercial Sale Mixed Use
Status Active
Directions Follow I-290 W and I-88 W to N Farnsworth Ave in Aurora. Take the Farnsworth Avenue S exit from I-88 W
City Aurora
Total Units 20
MLS Area Aurora / Eola
Lot Size Square Feet 39204
Street Name Farnsworth
Tax Annual Amount 40584
Electric Expense 797
Fuel Expense 0
Trash Expense 4140
Water Sewer Expense 0
Additional Parcels Y/N Y
Days on Market 6
Standard Status Active
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Exterior
Lot Dimensions 136X211
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Infiniti Properties, Inc.

Broker

nedmalley@aol.com

Email

Affordability Calculator

$23,639
Per Month
86%
14%
0%
Monthly Principal & Interest
$20,257
Monthly Property Taxes
$3,382
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/15/2024$2,900,000 Listed Price

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1187 N Farnsworth Avenue, Aurora, IL, 60505 is a Commercial Property for sale at $2,900,000 with a lot size of 0.9. 1187 N Farnsworth Avenue is a studio with 0.0 baths and was built in 1982. The property's zip code is 60505 which is in Aurora, IL

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