304 Hankes Avenue Aurora, IL $ 1,799,900
304 Hankes Avenue
$ 1,799,900
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304 Hankes Avenue

Aurora, IL, 60505
$ 1,799,900
Bedrooms3 Baths0.0 Sq 6,532

Monthly Estimate*

$ 11,082

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Multi-Family Home for sale in Aurora, IL

for $1,799,900 with 3 bedrooms. This 6,532 square foot home was built in 1931 on a lot size of 0.33.

Well-maintained and professionally landscaped, 304 Hankes Ave is a turnkey 9-unit multifamily investment in Aurora's desirable Pigeon Hill neighborhood, offering a strong unit mix of six spacious 2-bedroom units and three comfortable 1-bedroom units with no association and low utility costs. Most units have been renovated with new fixtures, upgraded electrical circuits and breakers, newer windows, and modern split ductless heat and A/C systems with backup electric heating, ensuring long-term reliability and reduced maintenance. Apartments feature hardwood floors covered with durable luxury vinyl plank flooring and oak kitchen cabinetry, designed for tenant appeal and easy upkeep. Each unit includes two designated parking spaces, while long-term tenants provide stable income. The property benefits from additional revenue through coin-operated laundry and rentable private basement storage units, and recent capital improvements, including a newer roof, further enhance value. Fully occupied building, this asset offers excellent cash flow and a solid return for both new and seasoned investors. Please do not disturb tenants.

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Multi-Family Active

Price

$ 1,799,900

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 12,600

Style

Multi-Family

Lot Size

0.33

Year Built

1931

Town/City

Aurora

County/Region

Kane

MLS | Web ID

12552481

Features
General
Sewer Storm Sewer
Cooling Exhaust Fan Heat Pump Wall Sleeve
Possession Closing
Roof Composition
Zoning MULTI
Association Fee Includes None
Construction Materials Wood Frame
Year Built 1931
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 3
Township Aurora
Tax Year 2024
Current Use Multi-Family
Gross Income 158940
County Kane
Net Operating Income 109412
Operating Expense 49528
Insurance Expense 5040
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 4800
Possible Use Multi-Family
Status New
Directions Rt. 25 to Hankes East on Hankes to Bldg.
City Aurora
Number Of Units Total 9
MLS Area Aurora / Eola
Lot Size Square Feet 14810
Tax Annual Amount 12600
Electric Expense 1200
Fuel Expense 3000
Trash Expense 3000
Water Sewer Expense 7200
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.08
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Interior
Basement Other Bath/Stubbed Storage Space
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 6532
Lot Dimensions 81.4 X 180.2X81.4X179.23
Lot Size Acres 0.33
Frontage Type City Street
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* Excluded Features
List By
Sohum Realty, Inc.

Broker

chatakondu@gmail.com

Email

Affordability Calculator

$12,132
Per Month
91%
9%
0%
Monthly Principal & Interest
$11,082
Monthly Property Taxes
$1,050
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/22/2026$1,799,900 Listed Price

Map


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304 Hankes Avenue, Aurora, IL, 60505 is a Multi-Family Home for sale at $1,799,900 with 6,532 sqft and a lot size of 0.33. 304 Hankes Avenue has 3 bedrooms, 0.0 baths, and was built in 1931. The property's zip code is 60505 which is in Aurora, IL