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1187 N Farnsworth Avenue, Aurora, IL 60505
$2,900,000
1187 N Farnsworth Avenue, Aurora, IL 60505View this property at 1187 N Farnsworth Avenue, Aurora, IL 60505
1187 N Farnsworth AvenueAuroraIL60505
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Property Description
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.
Full Property Details
Full Property Details for 1187 N Farnsworth Ave
General
- Price: $2,900,000
- Taxes: $40,584 (2022)
- Status: Active
- Type: Store
- MLS ID: 11961705
- Updated: 1/21/2024
- Added to Site: 109 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Aurora / Eola
- County: Kane
- Township: Aurora
- Driving Directions: Follow I-290 W and I-88 W to N Farnsworth Ave in Aurora. Take the Farnsworth Avenue S exit from I-88 W
- Location Details: Far West, Mixed-Use Area, Public Transport Avail
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air
Utilities
- Trash: 4140
Structural Information
- Stories/Levels: 2
- Current Bldg. Use: Commercial
- # of Stores: 8
- Year Built: 1982
Unit Information
- # Tenants: 20
Lot Features
- Lot Size (Sq. Ft.): 39,204
- Lot Dimensions: 136 x 211
- Zoning: RTAIL
Financial Considerations
- Insurance Fee: $9,660
- Operating Expenses: $58,438
- Other Fee: $3,257
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1982
- Tax Amount: $40,584
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
- Pays Electric: 797
- Pays Trash: 4140
Disclosures and Reports
- Property ID: 1513101023
Listed by Infiniti Properties, Inc.
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Schools
Schools serving 1187 N Farnsworth Ave
School District:Aurora East School District 131
Rating | Name | Grades | Distance |
---|---|---|---|
1640 Reckinger Rd, Aurora, IL 60505 | PK-5 | 0.4 mi | |
1130 Sheffer Rd, Aurora, IL 60505 | 6-8 | 0.4 mi | |
500 Tomcat Ln, Aurora, IL 60505 | 9-12 | 2.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1187 N Farnsworth Ave
Date
Details
Price
Change
Source
1/15/2024
Listed
$2,900,000
-2.03%
MLS
1/25/2008
Sold
$2,960,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1187 N Farnsworth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$43,674
1%
$574,830
7%
2021
$43,204
—
$535,174
8%
2021
$43,204
6%
$497,097
8%
2019
$40,584
4%
$460,574
16%
2017
$39,090
-5%
$398,601
2%
2016
$41,159
-7%
$391,134
2%
2015
$44,295
12%
$385,115
-11%
2018
$39,392
-10%
$432,602
24%
2014
$43,573
13%
$347,811
5%
2013
$38,713
—
$331,863
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1187 N Farnsworth Ave
1187 N Farnsworth Avenue, Aurora, IL 60505 (MLS# 11961705) is a Store property. 1187 N Farnsworth Avenue is currently listed for $2,900,000 and was received on January 15, 2024. Want to learn more about 1187 N Farnsworth Avenue? Do you have questions about finding other Store real estate for sale in Aurora? You can browse all Aurora real estate or contact a Coldwell Banker agent to request more information.