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    154 S Lasalle St Aurora, IL 60505

    Sponsored
    For Sale
    $700,000

    MULTI_FAMILY - Aurora, IL

    Lot size:
    0.47 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 26 at 6:06 pm

    Property Features for 154 S Lasalle St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bathroom 1, Bathroom 6, Bedroom 1, Bedroom 7, Bedroom 13, Bedroom 2, Bedroom 5, Bedroom 9, Bathroom 4, Bedroom 12, Bedroom 10, Bedroom 4, Bedroom 3, Bedroom 8, Bathroom 3, Bathroom 2, Bedroom 11, Bathroom 5, Basement, Bedroom 6
    Bedrooms
    13
    APN
    1522388003
    Basement
    Unfinished
    Lot size
    0.47 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1887
    Floors in Building
    2
    Number of units
    6
    Building materials
    Brick, Wood, Shingle Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Daniel Nierman
    Daniel Nierman

    4 Sale Realty Advantage, Inc (847) 601-9359

    Listing agent Daniel Nierman (847) 601-9359

    Listing date Feb 25, 2026

    MLS# 12576568 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Three Aurora Properties Package Deal

    This offering comprises three adjoining properties being sold as a single, inseparable package. The package includes a four-flat building at 154 Lasalle, a two-flat building at 156 Lasalle, and a parking lot at 160 Lasalle. The four-flat, known as the Gardner House and designated as an Aurora Historical Landmark, features four fully occupied apartments: one two-bedroom unit, one one-bedroom unit, one studio, and one four-bedroom unit operating as an AIRBNB with a 90% occupancy rate over nine years. Approximately 75% of the four-flat has been remodeled to a high standard, with recent upgrades to the roof, circuit breakers, and water heaters. The 139-year-old building retains its historic character. Note that there are known foundation water intrusion issues in the basement, and the property is being sold strictly as-is. The two-flat, known as the Judson House and also designated as an Aurora Historical Landmark, is a rare brick vintage building. It is fully occupied with one two-bedroom unit and one three-bedroom unit. The building has undergone numerous upgrades over 15 years, including the roof, gutters, plumbing, and electrical systems, while preserving its original woodwork and charm. Recent improvements include a new roof, storm windows, circuit breakers, gutters, and water heater. Tenants are responsible for gas and electric utilities. The parking lot contains 17 spaces, 11 of which are rented monthly by tenants. Each property has a separate PIN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.314804
    Latitude
    41.753049

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    FAQs

    What type of property is this?
    Apartment building - Three adjoining properties: 4-flat, 2-flat, and parking lot.
    Where is this apartment building located?
    The property is located at 154 S Lasalle St Aurora, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - High Income Potential: Airbnb unit boasts a 90% occupancy rate.; - Three Properties Included: A 4-flat, a 2-flat, and a parking lot, each with separate PIN.; - Historical Landmark Status: The Gardner House (ca 1887) and Judson House (ca 1890) are designated Aurora Historical Landmarks.
    (847) 601-9359
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    154 S Lasalle St Aurora, IL 60505
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    Aurora, IL 60505
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    154 S Lasalle St Aurora, IL 60505
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    We can help!
    Listing Contact
    Daniel Nierman
    Daniel Nierman
    Real Estate License ID: 471018942
    (847) 601-9359
    Learn more
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