Aurora, IL 60505 304 Hankes Avenue
$1,600,000



27 more



























Presented By: Sohum Realty, Inc.
Home Details
Well-maintained and professionally landscaped, 304 Hankes Ave is a turnkey 9-unit multifamily investment in Aurora's desirable Pigeon Hill neighborhood, offering a strong unit mix of six spacious 2-bedroom units and three comfortable 1-bedroom units with no association and low utility costs. Most units have been renovated with new fixtures, upgraded electrical circuits and breakers, newer windows, and modern split ductless heat and A/C systems with backup electric heating, ensuring long-term reliability and reduced maintenance. Apartments feature hardwood floors covered with durable luxury vinyl plank flooring and oak kitchen cabinetry, designed for tenant appeal and easy upkeep. Each unit includes two designated parking spaces, while long-term tenants provide stable income. The property benefits from additional revenue through coin-operated laundry and rentable private basement storage units, and recent capital improvements, including a newer roof, further enhance value. Fully occupied building, this asset offers excellent cash flow and a solid return for both new and seasoned investors. Please do not disturb tenants.
Presented By: Sohum Realty, Inc.
Interior Features for 304 Hankes Avenue
Other Interior Features
BasementOther, Bath/Stubbed, Storage Space
Total Fireplaces
General for 304 Hankes Avenue
Additional Parcels Y/NNo
Association Fee IncludesNone
Cap Rate6.08
CityAurora
Construction MaterialsWood, Frame
CoolingExhaust Fan, Heat Pump, Wall Sleeve
CountyKane
Current UseMulti-Family
DirectionsRt. 25 to Hankes, East on Hankes to Bldg.
ElectricCircuit Breakers
Electric Expense1200
Fuel Expense3000
Gross Income158940
Insurance Expense5040
Lot Size Square Feet14810
MLS AreaAurora / Eola
MaintenanceExpense4800
Net Operating Income109412
Number Of Units Total9
Operating Expense49528
PossessionClosing
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
SewerStorm Sewer
Standard StatusActive
StatusPrice Change
Stories Count3
Tax Annual Amount12600
Tax Year2024
Tenant PaysElectricity
TownshipAurora
Trash Expense3000
Water Sewer Expense7200
Year Built1931
ZoningMULTI
Exterior for 304 Hankes Avenue
Building Area Total6532
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions81.4 X 180.2X81.4X179.23
Lot Size Acres0.33
Water SourceMunicipal Water
Additional Details
Price History

SQFT • 6,532