523 Grand Avenue, Aurora, Illinois 60506
$275,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 4 |
| Baths: | 0 |
| Year Built: | 1910 |
| Property Taxes: | $6,688 |
| Days On Market: | 539 |
| Lot Size: | 0,00 |
Description
Multi-family unit in close proximity to Fox River, shopping, expressways, schools, and parks. This 2-flat has had some of the expensive updates done, but needs more TLC, so doesn't show as well as it could. NEW Roof, NEW gutters, and NEW Furnace boiler in 2021. NEW water heaters for all units in 2022. Low maintenance - Tenants pay all the utilities and handle snow removal, so it is a building that is easy to manage, and has great cash flow. This property needs some additional updates and repairs and is sold in AS-IS condition. If you don't mind taking on a fixer-upper, it's a great opportunity to pick up a steady income-producing property at a good price. The Cap Rate (return based on the net operating income/sale price) is 10.46% which is extremely high. Rent Roll and Expenses available upon request.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1910 | |
| — | |
| — | |
| No | |
| — |
| Kane | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 11999459 | |
| 1515352022 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 30 Jun, 2009 | Sold | $51,800 | MRED MLS |
| 25 Jun, 2009 | Under contract | $59,900 | MRED MLS |
| 23 Jun, 2009 | Listed for sale | $59,900 | MRED MLS |
| 20 May, 2024 | Sold | $275,000 | MRED MLS |
| 20 May, 2024 | Under contract | $285,000 | MRED MLS |
| 20 May, 2024 | Listed for sale | $285,000 | MRED MLS |
Room Specifics
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Unfinished
Other Specifics
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| 53 X 191 | |
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| — | |
| Not in DB | |
| — | |
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| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2009 | $3,614 |
| 2024 | $6,688 |
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Listing Provided By
Executive Realty Group LLC
