This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/32
$1,799,900 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/32
Property Description
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.
Full Property Details
Full Property Details for 304 Hankes Ave
General
- Price: $1,799,900
- HOA FEE: $4,800
- Taxes: $12,600 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12552481
- Updated: Today (1/22/2026)
Property History
- 304 Hankes Ave, Aurora, IL
- Listed $1,799,900 on 1/22/26
Interior
- Basement: Other, Bath
- Interior Features: Storage Inside, Laundry Room
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: Aurora / Eola
- County: Kane
- Township: Aurora
- Driving Directions: Rt. 25 to Hankes, East on Hankes to Bldg.
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Exhaust Fan, Heat Pump, Wall Sleeve
- Heating Type: Electric, Heat Pump, Baseboard
Utilities
- Sewer: Storm Sewer
- Water: Municipal Water
- Trash: 3000
Structural Information
- Construction: Wood, Frame
- Exterior Const.: Wood, Frame
- Basement: Yes
- Basement Desc.: Other, Bath/Stubbed, Storage Space
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 3
- Square Feet: 6,532
- Current Bldg. Use: Multi-Family
- Year Built: 1931
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 9
- Units w/Range/Oven: 9
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.33
- Lot Size (Sq. Ft.): 14,810
- Lot Dimensions: 81.4 x 180.2 x 81.4 x 179.23
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $4,800
- Insurance Fee: $5,040
- Operating Expenses: $49,528
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1931
- Tax Amount: $12,600
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 1200
- Pays Trash: 3000
- Pays Sewer: Storm Sewer
Disclosures and Reports
- Property ID: 1515276009
Listed by Sohum Realty, Inc.
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 304 Hankes Ave
School District:Aurora East Unit School District 131
| Name | Grades | Distance |
|---|---|---|
Nicholas A Hermes Elementary School 1000 Jungles Avenue, Aurora, IL 60505 | PK-5 | 0.5 mi |
C F Simmons Middle School 1130 Sheffer Road, Aurora, IL 60505 | 6-8 | 0.9 mi |
East High School, Aurora, IL 500 Tomcat Lane, Aurora, IL 60505 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 304 Hankes Ave
304 Hankes Avenue, Aurora, IL 60505 (MLS# 12552481) is a Commercial property. 304 Hankes Avenue is currently listed for $1,799,900 and was received on January 22, 2026. Want to learn more about 304 Hankes Avenue? Do you have questions about finding other Commercial real estate for sale in Aurora? You can browse all Aurora real estate or contact a Coldwell Banker agent to request more information.

