122 East State Street, North Aurora, IL

$499,000

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4

Beds

4

Baths

0.19

Acres

About 122 East State Street

Great opportunity to purchase a strong cash flowing 4 flat in North Aurora that is directly east of the North Aurora Riverfront Park. Quiet secluded street with all one bedrooms. New roof (2024), new water heater (2024), and new furnace/ electric panels. Property could use new parking lot and units could be updated down the road further to boost rents more. However property still operates around an 8.5 CAP currently. Rents at ~59k of income with last unit rented at $1500. Room to grow rents to 6k a month or 72k. All units heated by one furnace. Tenants pay own electric. Improve the rents by upgrading 2 mtm units. Great return day one! Perfect first investment or expand an existing portfolio in North Aurora.

Features of 122 East State Street

MLS® # 12388979
Price $499,000
Bedrooms 4
Bathrooms 4.00
Acres 0.19
Year Built 1958
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 122 East State Street
Area North Aurora
City North Aurora
County Kane
State IL
Zip Code 60542

Amenities

Parking Spaces 4
Parking Unassigned, On Site
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement None

Exterior

Exterior Vinyl Siding
Roof Asphalt

School Information

District 129
Elementary Schneider Elementary School
Middle Herget Middle School
High West Aurora High School

Additional Information

Days on Market 126
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTriton Realty Group LLC
Contact Info312-788-9379

Listing Map

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