509 N Park Avenue
Aurora, IL, 60506 $ 159,900
Bedrooms4 Baths2.0 Sq 1,176 Monthly Estimate*
$ 985
for $159,900 with 4 bedrooms and 2 full baths. This 1,176 square foot home was built in 1980 on a lot size of 0.2.
Priced below market for quick sale. Investor special. Bring your vision, your contractor, and your imagination. This ranch home is in need of a full renovation and is priced accordingly - Offering a rare opportunity to purchase a property at roughly half the value of what renovated homes in the area are selling for. The home requires significant repairs, including a complete interior overhaul and is being sold strictly, AS-IS. For investors, rehabbers, or ambitious buyers looking to create equity through renovation, the upside here is substantial. The property sits on a residential block surrounded by established homes and offers a classic ranch layout with a full basement and one-car garage. The location adds to the long-term value. The home is situated in Aurora's west side near downtown Aurora, the Fox River corridor, and numerous parks and recreational amenities. Residents enjoy convenient access to the Fox River trails, Phillips Park, and the extensive Fox Valley Park District system, offering miles of walking and biking paths, golf, playgrounds, and outdoor recreation. Commuters benefit from quick access to Interstate 88 and the Aurora Metra station, providing direct rail service to downtown Chicago. Daily conveniences are close by with grocery stores, restaurants, shopping centers, and medical facilities all within a short drive. Downtown Aurora also offers entertainment and cultural attractions including the Paramount Theatre, RiverEdge Park concert venue, Hollywood Casino, and a growing restaurant district. Whether you're an investor looking for your next project, a contractor seeking a high-margin renovation, or a buyer willing to put in the work to build significant equity, this property represents a value opportunity that is becoming increasingly difficult to find in today's market. Serious buyers only. Cash or renovation financing recommended. Property sold strictly AS-IS.
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FeaturesGeneralLiving Area 1176
Sewer Public Sewer
Heating Natural Gas
Cooling None
Possession Closing
Roof Asphalt
Garage Spaces 1
Association Fee Includes None
Architectural Style Ranch
Construction Materials Brick Cedar
Year Built 1980
Township Aurora
Tax Year 2024
Ownership Fee Simple
Community Features Park Curbs Sidewalks Street Lights Street Paved
Assoc Fee Paid Per Not Applicable
County Kane
New Construction N
Property Type Residential Detached Single
Total Rooms 6
Full Baths 2
Status New
Directions Highland to N Park To Home.
High School West Aurora High School
City Aurora
High School District 129
MLS Area Aurora / Eola
Elementary School Hill Elementary School
Tax Annual Amount 6026
Middle/Junior High School Herget Middle School
Standard Status Active
Middle/Junior School District 129
Elementary School District 129
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InteriorBasement Unfinished Full
Total Fireplaces 0
Half Baths 0
Total Bedrooms 4
Room Type No additional rooms
Total Baths 2
Bedrooms Possible 4
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ExteriorParking Features Concrete Yes Garage Owned Attached Garage
Water Source Public
Total Parking 1
Foundation Details Concrete Perimeter
Lot Dimensions 64x136
Lot Size Acres 0.2
Waterfront Y/N N
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* Excluded FeaturesList ByRe/Max Of NapervilleBroker
bernie.cobbjr@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $985
- Monthly Property Taxes
- $502
- 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.
Learn more about how to save NearbySingle family listings in Aurora, IL
Average List Price $329,727
Percent of Sale Price 106%
About Aurora, IL 196,909 Population
37% Since 2002
$ 62,357 Median Income
32.79 Median Age
44% Households with Children
Trends Information provided by ATTOM Data Solutions.
5384414 Elementary School
565988 Middle School
West Aurora High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/15/2026 | $159,900 | | Listed Price |