744 Gillette Avenue

Sales Overview

  • Price: $1,200,000
  • Number of Units: 16
  • Building Size: 11,000 SF
  • Property Type: Multi-Family
  • Lot Size: 1 SF
  • Year Built: 1970

Highlights

  • 16 - 1 & 2 Bedroom Apartments
  • Tenant Paid Utilities
  • New Parking Lot with Concrete Pad, Gutters (2016), & Roof (2011)
  • Well Maintained by Long-Term Owner

Description

Interra Realty has been exclusively engaged to sell the Gillette Avenue Apartments located in Aurora, IL. The property is located at 744 Gillette Avenue just west of Aurora’s central business district. The 16 unit building contains 12 – one bedroom and 4 two bedroom apartments. Tenants pay for electric baseboard heat, and through the wall sleeve air conditioning.

Recent improvements to the property include a newly paved parking lot,replaced gutters (2016), and the roof was replaced approximately 7 years ago.
This is an opportunity for a new investor to purchase a well maintained and easy to manage apartment building from a long term owner that is in a good location on the west side of Aurora. The property offers a strong income steam with the ability to increase rents to market levels.


Location

Contact the Brokers

James Clough

Managing Partner

312-477-0193