About 1187 North Farnsworth Avenue
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.
Features of 1187 North Farnsworth Avenue
| MLS® # | 11961705 |
|---|---|
| Price | $2,900,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1982 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1187 North Farnsworth Avenue |
|---|---|
| Area | Aurora / Eola |
| City | Aurora |
| County | Kane |
| State | IL |
| Zip Code | 60505 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Central Individual |
|---|---|
| Fireplace | No |
| Has Basement | No |
Additional Information
| Days on Market | 106 |
|---|---|
| Zoning | RTAIL |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Infiniti Properties, Inc. |
|---|