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Carol Shroka

Carol Shroka &
Associates

C S Real Estate - Aurora IL
Bordering Naperville IL
(630) 448-2462
Contact Me

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Listing 8 out of 752
$820,000 Pending

1 North Broadway
Aurora, IL 60505

17 units | Multi Family Home - MLS# 09659382
Property Photo
1/25

Description

Terrific cashflow here! 3-story multi-unit building! Retail spaces on 1st floor. Second floor has 11 studio or 1-bedroom apartments that are fully rented. Bring your ideas for the HUGE 3rd floor bonus space that is plumbed and wired for kitchen. Private courtyard. Modern copper plumbing and over $10,000 in recent electrical upgrades. Roofs were recently inspected and sealed. Fantastic location on a well-trafficked corner, just blocks to train, bus, free public parking, Paramount Theater and casino. Purchase price is at a 10.46% cap rate, and adding apartments on the 3rd floor would bring it to more than 15%! Please call to get investor analysis reports. Here's your opportunity to make a great return on your investment AND own a piece of Aurora's story! Don't miss this one! Make your appointment today!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family 5+
  • Listing Status: Pending
  • County/Area: Kane County
  • Zip Code: 60505
  • Year Built: 1904
  • Sq.Ft.: 18 sq ft
  • Units: 17 units
  • # of Parking Spaces: 20
  • Pool or Spa: Hot Tub, See Outdoor Parking
  • Zoning: COMMR
  • # Of Bdrms - Unit 2: 1
  • # Of Full Bthrms - Type 1: 1
  • # Of Full Bthrms - Type 2: 1
  • # Of Full Bthrms - Type 3: 1
  • # Of Full Bthrms - Type 4: 2
  • # Of Rooms - Unit 1: 2 Rooms
  • # Of Rooms - Unit 2: 3 Rooms
  • # Of Rooms - Unit 3: 1 Rooms
  • # Of Rooms - Unit 4: 5 Rooms
  • # Of Stories: 3
  • # Of Units - Apt. Type 1: 6
  • # Of Units - Apt. Type 2: 5
  • # Of Units - Apt. Type 3: 6
  • # Of Units - Apt. Type 4: 1
  • Air Conditioning: Window Unit/S
  • Approximate Age: Older
  • Built Before 1978 (Y/N): Yes
  • Construction: Brick, Stone, Wood Frame
  • Current Use: Residential-Multi-Family, Other
  • Electricity Expense: $6,224
  • Exterior Building Type: Brick, Cedar
  • Fire Protection: Fire Extinguisher/S
  • Foundation: Stone
  • Fuel Expense: $9,500
  • Gross Rent Multiplier: 5.41
  • Heat/Ventilation: Steam, Radiant
  • Insurance Expense: $5,389
  • Janitor Expense Source: $
  • Land Amenities: Curbs And Gutters, Sidewalks
  • Lot Dimensions: 66X120
  • Lot Sq Ft: 7920
  • Misc Inside: Storage Inside, Laundry Room
  • Monthly Income - 1: $500
  • Monthly Income - 2: $650
  • Monthly Income - 3: $800
  • Monthly Income Max - 1: $650
  • Monthly Income Max - 2: $700
  • Monthly Income Max - 3: $1,300
  • Net Operating Income Year: $2,013
  • Other Expense Source: $
  • Other Expenses: $1,000
  • Outdoor Parking: 19-30 Spaces, Public Lot
  • Potential Use: Commercial, Residential-Multi-Family
  • Roof Structure: Flat
  • Scavenger Expense: $3,400
  • Tax Year: 2016
  • Taxes: $16,084
  • Tenant Pays: Varies By Tenant
  • Total Annual Exp: 51352
  • Total Annual Income: $151,440
  • Total Monthly Income: $12,620
  • Township: Aurora
  • Type Multi-Family: Corridor-Exterior Entrance, Hi-Rise
  • Utilities To Site: Sanitary Sewer To Site, Water-Municipal
  • Water Expense: $5,680
Courtesy of Keller Williams Infinity


Carol Shroka | (630) 448-2462 | Contact Me
Aurora IL (Bordering Naperville IL)
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