Aurora, IL 60505 1038 Liberty Street

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Presented By: RE/MAX All Pro - St Charles
  • MLS# 12437053
  • 08/04/2025
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  • Beds • 7

Home Details

ATTENTION INVESTORS... This property prints money! This turn of the century Aurora mansion sits on slightly over 1 acre land (truly hard to find in the heart of city!). The Mansion with impressive curb appeal has been converted to 10 studio and/or 1 bedroom, 1 bathroom apartments (10 UNITS TOTAL). There is plenty of tenant parking with 18 spaces and room for more. All electric and plumbing has been updated within the last 12 months. Common area interiors have been freshly painted. Ceilings in common areas have all been redone and painted. Several common area windows have been replaced. New flooring in common areas are currently being installed. Very easy access to shops, restaurants and all that historic downtown has to offer. All units are occupied and in high demand. This building is very easy to rent and produces OVER $11K/month with the potential to go a lot higher. Whether you are looking to add to your investment portfolio or just getting started, this opportunity is definitely not one to miss! Schedule your showing TODAY!
Presented By: RE/MAX All Pro - St Charles

Interior Features for 1038 Liberty Street

Other Interior Features

BasementUnfinished

General for 1038 Liberty Street

Additional Parcels Y/NNo
Cap Rate7.82
CityAurora
Construction MaterialsWood, Vinyl Siding, Stone
CountyKane
Current UseMulti-Family
DirectionsFarnsworth to Liberty Street (S) to Building
ElectricCircuit Breakers
Electric Expense5280
Fuel Expense4313
Gross Income135000
Insurance Expense4800
Lot Size Square Feet45850
MLS AreaAurora / Eola
MaintenanceExpense
ModificationTimestamp2025-08-10T05:07:24.941Z
Net Operating Income99761
Number Of Units Total10
Operating Expense35239
PossessionClosing
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount9938
Tax Year2024
Tenant PaysNone
TownshipAurora
Trash Expense1980
UtilitiesSewer Connected, Water Available
Virtual TourClick here
Water Sewer Expense8700
Year Built1902
ZoningMULTI

Exterior for 1038 Liberty Street

Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions175X262
Lot Size Acres1.05
Water SourceMunicipal Water

Additional Details

Price History

Client Care

Price $1,275,000
MLS#12437053
List Date 08/04/2025
Property Type Multi-Family
Phone 847.485.2500
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