Turnkey 9-Unit Apartment
For Sale
$1,600,000
304 Hankes Avenue, Aurora, IL 60505
MULTI_FAMILY - Aurora, IL
Lot Size0.33 Acres
Days on Market189
Property Features for 304 Hankes Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
15
Bathrooms
14
Full bathrooms
14
Rooms
Bathroom 9, Bedroom 4, Bedroom 9, Bathroom 8, Bathroom 3, Bathroom 2, Bedroom 15, Bathroom 1, Bedroom 10, Bedroom 11, Bathroom 11, Bedroom 2, Bathroom 10, Bathroom 12, Bedroom 13, Bedroom 5, Bedroom 12, Bathroom 13, Bathroom 4, Bathroom 7, Bathroom 14, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 5, Bedroom 14, Bathroom 6, Bedroom 8, Bedroom 7
Basement
Storage Space
Directions
Rt. 25 to Hankes, East on Hankes to Bldg.
Subdivision
Aurora / Eola
Standard status
Active
APN
1515276009
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12600
Utilities
Cooling system
Exhaust Fan (Cooling), Heat Pump
Building Details
Year built
1931
Floors in Building
3
Number of units
9
Building materials
Wood, Frame
Roof type
Composition
Listing Agency:
Sohum Realty, Inc.
(847) 238-2077
Listed By:
Venkat Chatakondu
(847) 454-7739
Added: Jan 22
Changed: Jul 30
Last Checked: Jul 30 at 8:06PM
MLS# 12552481
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.
Investment Insights
Based on property information with market context.
304 Hankes Avenue presents a turnkey 9-unit apartment building on a professionally landscaped property. The unit mix includes six 2-bedroom units and three 1-bedroom units. Many units have been updated with new fixtures, upgraded electrical circuits and breakers, newer windows, and modern split ductless heating and air conditioning, along with backup electric heating. Flooring is described as hardwood with durable luxury vinyl plank coverage, and kitchens include oak cabinetry. Each unit has two designated parking spaces, and the building also offers additional income opportunities through coin-operated laundry and rentable private basement storage units.
The property is located in Aurora, Illinois, in the Pigeon Hill neighborhood. It is described as fully occupied. Recent capital improvements include a newer roof, and the building is maintained in a well-kept condition.
For investors or owner-operators, the combination of a stable 9-unit configuration, renovated interiors, and on-site add-ons like coin laundry and storage is designed to support straightforward day-to-day leasing and maintenance. The updates to electrical systems, windows, and HVAC components are intended to reduce near-term replacement and service needs. Please do not disturb tenants.
The property is located in Aurora, Illinois, in the Pigeon Hill neighborhood. It is described as fully occupied. Recent capital improvements include a newer roof, and the building is maintained in a well-kept condition.
For investors or owner-operators, the combination of a stable 9-unit configuration, renovated interiors, and on-site add-ons like coin laundry and storage is designed to support straightforward day-to-day leasing and maintenance. The updates to electrical systems, windows, and HVAC components are intended to reduce near-term replacement and service needs. Please do not disturb tenants.
Key Highlights
- Turnkey 9‑unit multifamily property built in 1931 in Aurora’s Pigeon Hill neighborhood
- Unit mix: six 2‑bedroom units and three 1‑bedroom units
- Many units feature renovated interiors with newer windows, upgraded electrical circuits and breakers, and updated fixtures
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 60505, IL
57,906
Population
18,681
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
64%
High-School Grad
10.1 sq mi
ZIP Area
5,733
Density / Sq Mi
$70,306
Median Household Income
$33,912
Median Earnings
$1,230
Median Rent
$192,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-renovated 9-unit multifamily with split ductless HVAC, coin laundry, and designated parking for each unit.
Where is this apartment building located?
The property is located at 304 Hankes Avenue Aurora, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Turnkey 9‑unit multifamily property built in 1931 in Aurora’s Pigeon Hill neighborhood; Unit mix: six 2‑bedroom units and three 1‑bedroom units; Many units feature renovated interiors with newer windows, upgraded electrical circuits and breakers, and updated fixtures
