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Image 1 - 523 Grand Avenue, Aurora, IL 60506, USA - Duplex for sale

Image 2 - 523 Grand Avenue, Aurora, IL 60506, USA - Duplex for sale

Image 3 - 523 Grand Avenue, Aurora, IL 60506, USA - Duplex for sale

Image 4 - 523 Grand Avenue, Aurora, IL 60506, USA - Duplex for sale

Image 5 - 523 Grand Avenue, Aurora, IL 60506, USA - Duplex for sale

Image 6 - 523 Grand Avenue, Aurora, IL 60506, USA - Duplex for sale

Residential Income

523 Grand Avenue, Aurora, IL 60506, USA

Residential Income

duplex for sale

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Listed: 02/13/23

523 Grand Avenue, Aurora, IL 60506, USA

5 Bed:

1 Bath:

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Price

$ 275,000

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About This Duplex

Investment Opportunity for Multi-family unit in close proximity to Fox River, shopping, expressways, schools, and parks. 3-flat is a simple frame, older building in good condition but could use some updating. NEW Roof and NEW Furnace boiler in2021. NEWwater heaters for all units in2022. NEWkitchen appliances, flooring, and windows installed over the last few years. Low maintenance - Tenants pay all the utilities and handle snow removal, so it is a building that is easy to manage and has great cash flow. If you don't mind taking on a fixer-upper, it's a great opportunity to pick up a steady income-producing property at a good price. The Cap Rate (return based on the net operating income/sale price) is 8.8% which is extremely high. Submit an offer to add this to your portfolio today. A great return on investment!

Property Includes

Parking

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Aurora Housing & Living

Household Income

Median household income: $66,848

Number of households: 62,604

The average household income in Aurora, IL grew from $63,967 to $66,848 in the past year. This data is an estimate based upon 62,604 households in Aurora, IL.
The chart below presents how household income is distributed in Aurora, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Aurora, IL compared to median property taxes around the country. The prevalent amount of property taxes in Aurora, IL equals $3k+ , which is more than the national average.