1187 N Farnsworth Avenue, Aurora, IL 60505

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CommercialFor Sale

$2,900,000

1187 N Farnsworth Avenue

Aurora, IL 60505

Courtesy of Infiniti Properties, Inc.

Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID

Est. Mortgage

$15,069/mo

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.

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