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Two-Unit Duplex with Finished Basement
For Sale
$344,900

312 S Spencer Street, Aurora, IL 60505

Residential Income, Aurora, IL

Property SizeContact for details
Lot Size0.14 Acres
Days on Market26

Property Features for 312 S Spencer Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking 5
Parking features Owned, Garage
Basement Finished, Full
Elementary school John Gates Elementary School
Middle school Henry W Cowherd Middle School
High school East High School
Elementary school district 131
Middle school district 131
High school district 131
Directions From Galena heading east, take a right on Spencer st., straight to property on left.
Subdivision Aurora / Eola
Standard status Active
APN 1527278006
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3774

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1904
Building materials Vinyl Siding
Listing Agency: RE/MAX Mi Casa · RE/MAX International
Listed By: Katherine Vences · License #475189610
Added: Aug 11 Changed: Sep 5 Last Checked: Sep 5 at 6:06PM
MLS# 12729880

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.

This 1904 duplex at 312 S Spencer Street contains two legal residential units, each arranged with two bedrooms and one bathroom. A finished basement adds two bedrooms and one full bathroom, expanding the property’s usable space; any separate rental use of that area requires buyer verification. Vinyl siding, forced-air heat, a garage, and a long driveway contribute to the property’s existing improvements and parking setup.

The property occupies 0.14 acres in Aurora, Illinois, with public water and public sewer service. Its location places the building near schools, shopping, dining, major roads, and transportation. The two-unit configuration supports both investor and owner-occupant use, subject to applicable verification of basement compliance.

Key Highlights

  • Legal 2‑unit duplex with two bedrooms and one bathroom in each unit
  • Finished basement with 2 additional bedrooms and 1 full bathroom; separate rental use requires buyer verification
  • 0.14‑acre lot with a long driveway, garage, and off‑street parking

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Carpet & Flooring Store Tech Support Center (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

577
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom units include shared access to a finished basement, garage, driveway parking, and public utilities.
Where is this duplex located?
The property is located at 312 S Spencer Street Aurora, IL.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Legal 2‑unit duplex with two bedrooms and one bathroom in each unit; Finished basement with 2 additional bedrooms and 1 full bathroom; separate rental use requires buyer verification; 0.14‑acre lot with a long driveway, garage, and off‑street parking
More about this property
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