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. High traffic intersection. Taxes are $38,000/yr, Rental income is $230,000/yr. Cap Rate is 8.8%. SELLER FINANCING available with 25% down with 15 year amortization, 5 year balloon, 5% interest. 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.
View full listing details| Price: | $2,500,000 |
| Address: | 1187 N Farnsworth Avenue |
| City: | Aurora |
| County: | Kane |
| State: | Illinois |
| Zip Code: | 60505 |
| MLS: | 11310203 |
| Year Built: | 1982 |
| actualStatus: | Active |
| caprate: | 7.6 |
| cooling: | Central Individual |
| electric: | Circuit Breakers |
| grossincome: | 240000 |
| grossscheduledincome: | 240000 |
| lotsizedimensions: | 136X211 |
| lotsizesquarefeet: | 39204 |
| mlsareamajor: | Aurora / Eola |
| mlsstatus: | Active |
| mrdAag: | 26-35 Years |
| mrdApt: | 12 |
| mrdB78: | no |
| mrdBoardnum: | 10 |
| mrdEpy: | 2020 |
| mrdFpr: | Fire Extinguisher/s |
| mrdGrm: | 9.6 |
| mrdHvt: | Forced Air |
| mrdIdx: | Y |
| mrdInfo: | No Sign on Property |
| mrdMc: | Active |
| mrdNoy: | 2020 |
| mrdSmi: | 20000 |
| mrdSto: | 8 |
| netoperatingincome: | 192000 |
| numberofunitstotal: | 20 |
| operatingexpense: | 48000 |
| parkingtotal: | 50 |
| propertyType: | Mixed Use |
| stories: | 2 |
| taxannualamount: | 41000 |
| taxyear: | 2020 |
| tenantpays: | Varies by Tenant |
| township: | Aurora |
