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Listed by Keith McMahonof Compass
-
Est. payment /mo
New
1115 Kane ST Aurora, IL 60505
5 Beds
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12796087
Bedrooms 5
Year Built 1973
Annual Tax Amount $5,733
Tax Year 2025
Lot Size 7,405 Sqft
Lot Dimensions 50 x 145
Property Sub-Type Two to Four Units
Property Description
Turnkey investment or live in opportunity! This 2 unit features exceptionally low-overhead. The upstairs unit is currently rented at $1275/month and the tenants have been there for over 10 years with excellent payment history. Downstairs unit was just remodeled, giving you the flexibility to either find your own tenant, or live in the bottom and collect income from the upper unit. Tenants pay all their own separately metered electric and water, leaving the owner with minimal expenses. Currently, the owner only pays $1,500 per year for lawn care and snow removal. The upper unit is a spacious 3-bedroom, 1-bathroom home occupied by an exceptional, reliable tenant of ten years currently paying $1,275 per month, benefiting from updated vinyl siding, upper-level windows, an electric heater, and a water heater replaced approximately ten years ago. The lower unit is a vacant, fully remodeled 2-bedroom, 1-bathroom projected to rent at $1,500 or more per month. This unit is showcasing brand-new windows, cabinets, a stylish bathroom, doors, trim, appliances, an electric heater, and a new water heater. Ample parking is provided with five exterior spots. There is also an on-site shared laundry room-already separately metered for each unit. There are currently no washer/dryers in the laundry room so this presents an immediate value-add avenue to generate additional monthly revenue through coin-operated machines, making this property an effortless addition to any income-focused portfolio.
Location
State IL
County Kane
Zoning MULTI
Rooms
Basement Finished, Daylight
Interior
Heating Electric
Fireplace N
Exterior
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Brick
New Construction false
Schools
Elementary Schools Edna Rollins Elementary School
Middle Schools C F Simmons Middle School
High Schools East High School
School District 131, 131, 131
Others
Ownership Fee Simple
Special Listing Condition None
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