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Listing 18 out of 848
$1,325,000 Pending

946 Oliver Avenue
Aurora, IL 60506

30 units | Multi Family Home
0.75 acres - MLS# 10079615
Property Photo
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Description

$100,000 PRICE REDUCTION. Triton Realty Group is pleased to present the opportunity to purchase a 30 unit apartment building in Aurora. The building has strong in-place cash flow with potential to add value by renovating units and raising the rents. Property is tenant heated with newer windows (2010) and newer water heaters (2014). Units consist of 15 studios, 14 one bedrooms, and 1 two bedroom unit. The property has owned laundry and attached 16 car garage. Building sits a residential neighborhood surrounded by other houses and is less than 2 miles south of downtown Aurora. The location is a short walk to either South River Street Park or Montgomery Park. Contact agent for full offering memorandum.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family 5+
  • Listing Status: Pending
  • County/Area: Kane County
  • Zip Code: 60506
  • Year Built: 1959
  • Sq.Ft.: 20,000 sq ft
  • Units: 30 units
  • # of Parking Spaces: 16
  • Lot Size: 0.75 acres
  • Zoning: MULTI
  • # Of Bdrms - Unit 2: 1
  • # Of Bdrms - Unit 3: 2
  • # Of Dryers: 2
  • # Of Full Bthrms - Type 1: 1
  • # Of Full Bthrms - Type 2: 1
  • # Of Full Bthrms - Type 3: 1
  • # Of Ranges: 30
  • # Of Refrigs: 30
  • # Of Rooms - Unit 1: 2 Rooms
  • # Of Rooms - Unit 2: 3 Rooms
  • # Of Rooms - Unit 3: 4 Rooms
  • # Of Stories: 2
  • # Of Units - Apt. Type 1: 15
  • # Of Units - Apt. Type 2: 14
  • # Of Units - Apt. Type 3: 1
  • # Of Washers: 2
  • Air Conditioning: Window Unit/S
  • Approximate Age: 36-50 Years
  • Built Before 1978 (Y/N): Yes
  • Construction: Brick
  • Current Use: Residential-Multi-Family
  • Electric Expense Source: $
  • Electrical Service: Circuit Breakers, Fuses
  • Electricity Expense: $3,453
  • Exterior Building Type: Brick
  • Frontage/Access: City Street
  • Fuel Expense: $3,561
  • Fuel Expense Source: $
  • Gross Rent Multiplier: 6.05
  • Heat/Ventilation: Electric, Baseboard
  • Indoor Parking: 13-18 Spaces
  • Insurance Expense: $3,565
  • Janitor Expense: $8,100
  • Janitor Expense Source: $
  • Lot Dimensions: 32629 SF
  • Lot Sq Ft: 32629
  • Monthly Income - 1: $470
  • Monthly Income - 2: $575
  • Monthly Income - 3: $850
  • Monthly Income Max - 1: $590
  • Monthly Income Max - 2: $700
  • Monthly Income Max - 3: $850
  • Net Operating Income Year: $2,018
  • Other Expense Source: $
  • Other Expenses: $15,000
  • Repairs-Decor Expense: $4,500
  • Repairs-Decor Expense Source: $
  • Roof Structure: Flat
  • Tax Year: 2017
  • Taxes: $31,335
  • Tenant Pays: Air Conditioning, Electric, Heat
  • Total Annual Exp: 101967
  • Total Annual Income: $208,013
  • Total Monthly Income: $18,240
  • Township: Aurora
  • Water Expense: $17,257
  • Water Expense Source: $
Courtesy of Triton Realty Group Llc
Daniel And Associates Real Estate
465 East Roosevelt Road
West Chicago, IL 60185

Office:  630-231-8090
Office:  630-393-1700

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