1. Illinois
  2. North Aurora
  3. 122 E State Street
$515,000

122 E State Street, North Aurora, IL 60542

  • 4 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Great opportunity to purchase a strong cash flowing 4 flat in North Aurora that is directly east of the North Aurora Riverfront Park. Quiet secluded street with all one bedrooms. New roof (2024), new water heater (2024), and new furnace/ electric panels. Property could use new parking lot and units could be updated down the road further to boost rents more. However property still operates around an 8.5 CAP currently. Rents at ~59k of income with last unit rented at $1500. Room to grow rents to 6k a month or 72k. All units heated by one furnace. Tenants pay own electric. Improve the rents by upgrading 2 mtm units. Great return day one! Perfect first investment or expand an existing portfolio in North Aurora.

Listing Status:
Active
Listing Office:
Triton Realty Group LLC : 773-569-7399
Listing Agent:
Victor Colon : 773-569-7399
MLS ID:
12388979
  • Basement: None
  • Heating: Natural GasForced Air

This listing courtesy of Victor Colon, Triton Realty Group LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Schneider Elementary School

304 Banbury Rd, North Aurora, IL, 60542

Grades KG-5

0.61 miles away

H

Herget Middle School

1550 Deerpath Rd, Aurora, IL, 60506

Grades 6-8

3.73 miles away

W

West Aurora High School

1201 W New York St, Aurora, IL, 60506

Grades 9-12

3.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.