$2,900,000

1187 N Farnsworth Avenue, Aurora, IL 60505, US

Summary

Style: Apts/Stores
Year Built: 1982

Moving Quotes

primary photo for 1187 N Farnsworth Avenue, Aurora, IL 60505, US

Remarks

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.

Details

MLS#: 11961705
Price: $2,900,000

Style: Apts/Stores
Year Built: 1982

County: Kane
Lot Size: 136X211
Tax Fee: 40584

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Broker Contact

Infiniti Properties, Inc.
9566 W. 147th Street
Orland Park, IL, 60462
US
Mark McGee
! 708-206-3000
! MarkMcGee84@Gmail.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Midwest Real Estate Data, LLC
Last updated: 2024-01-15T14:19:02.000-05:00.
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