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Listing provided courtesy of Sohum Realty, Inc.MREDas Distributed by MLSGrid- MLS# 12552481MLS Provider

304 Hankes AvenueAurora, IL 60505

Commercial · 3 Beds · 6,532 Sq. ft. | 0.33 Acres
$1,600,000 Active

304 Hankes Avenue Overview

Time on Site:
158 days
Visits:
1

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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304 Hankes Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 6,532
  • Price/Sq.ft. $245
  • Lot 0.33 Acres

Details

General

Association/HOA

  • Association Fee Includes: None

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 1200
  • Fuel Expense: 3000
  • Gross Income: 158940
  • Gross Scheduled Income: 158940
  • Insurance Expense: 5040
  • Maintenance Expense: 4800
  • Net Operating Income: 109412
  • Operating Expense: 49528
  • Trash Expense: 3000
  • Water Sewer Expense: 7200

Building Information

  • Year Built: 1931

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Kane
  • MLS Area Major: Aurora / Eola
  • Township: Aurora

Parking Information

  • Parking Ratio: 2

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $12,600.00
  • Tax Year: 2024

General Information

  • Parcel Number: 1515276009
  • Possible Use: Multi-Family
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 6532

General Information

  • Basement: Other, Bath/Stubbed, Storage Space
  • Cooling: Exhaust Fan, Heat Pump, Wall Sleeve
  • Electric: Circuit Breakers
  • Fireplaces Total: 0
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Acres: 0.33
  • Lot Size Dimensions: 81.4 X 180.2X81.4X179.23
  • Lot Size Square Feet: 14810
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Wood, Frame
  • Roof: Composition

General Information

  • Number Of Units Total: 9
  • Sewer: Storm Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 3

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 0

304 Hankes Avenue Neighborhood

Community

60505 (Aurora) Demographics

33
Median Age
6,291
Population Density (per sq. mile)
16%
College Educated
$54,191
Estimated Median Income
12,597
Estimated Total Home Owners
8,523
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

304 Hankes Avenue Monthly Cost

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$
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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

304 Hankes Avenue Market Data

Based on the last 30 days in this zip code

$289,799
Average List Price
$235
Average Price per Square Foot
22
Properties Sold
47
Average Days on Market
41
Properties for Sale
Calculations provided by Reliance Network

304 Hankes Avenue History

Date Event Value Agent
6/10/2026Source: MRED Status Change
Active
6/5/2026Source: MRED Price Reduction
$1,600,000 -11.1%
6/5/2026Source: MRED Status Change
Price Change
3/17/2026Source: MRED Status Change
Active
3/12/2026Source: MRED Status Change
Re-activated
3/2/2026Source: MRED Status Change
Contingent
1/27/2026Source: MRED Status Change
Active
1/22/2026Source: MRED Added to Database
January 22, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
6/20/2022Source: MRED Added to Database
January 27, 2022