Bought with Nathan Brown of Westward 360
$315,000
$314,995
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315 W Downer Place Aurora, IL 60506
6 Beds
10,454 Sqft Lot
Key Details
Sold Price $315,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11352909
Sold Date 06/17/22
Bedrooms 6
Year Built 1900
Annual Tax Amount $3,683
Tax Year 2020
Lot Size 10,454 Sqft
Lot Dimensions 10454
Property Sub-Type Two to Four Units
Property Description
Great investment opportunity! Here is your chance to own a vintage, two-story, mixed-use property with a prime location in downtown Aurora that helps pay for itself. Live in the spacious apartment upstairs and rent out or run a business downstairs. Or, rent both the apartment and commercial space for a potential $3000/month rental income. Less than a mile from the Paramount Theater, Hollywood Casino, Metra Train Station, River Edge Park, and the Fox River! The building was renovated in 2014 with new hardwood floors, granite countertops, appliances, AC and smart thermostats. Roof repaired as part of the renovation. The main level includes about 1450 square feet of office space, a bathroom and a kitchen. Original vintage fireplaces on first and second floor with original marble surround. Upstairs is a 3BR, 2ba apartment that was leased for $1385/month. Ample parking (11 spaces) in the back, as well as a side porch with private entry to both the first and second floors. Property is zoned B-1. All renovations were done to code; however, the home is being sold as-is. Bring your ideas!
Location
State IL
County Kane
Community Park, Sidewalks, Street Paved
Zoning COMMR
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Exterior Feature Porch
View Y/N true
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Greenman Elementary School
Middle Schools Washington Middle School
High Schools West Aurora High School
School District 129, 129, 129
Others
Ownership Fee Simple
Special Listing Condition None
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