6-Unit Apartment Building with
For Sale
$550,000
168 S Lincoln Avenue, Aurora, IL 60505
Updated apartments are supported by a three-car garage and additional rear parking.
Property Size3,800 SF
Price / SF$144.74
Days on Market188
Property Features for 168 S Lincoln Avenue
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Zoning
MULTI
Site & Location
Neighborhood
We are United
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,231
Building Details
Building Size
3,800 SF
Year Built
1900
Buildings
1
Stories
2
Units
6
Listing Agency:
Suburban Life Realty, Ltd
Listed By:
Matthew Lysien · License #471003181
(847) 363-0990
Source:
Fishmangroup
Added: Apr 20
Changed: Oct 23
Last Checked: Oct 23 at 5:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Suburban Life Realty, Ltd
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains 3,800 square feet and was built in 1900. The units have been updated, and the exterior and entryway have received fresh paint. A roof replacement was completed in October 2025. Parking includes a three-car garage and a recently completed off-street asphalt lot, with additional spaces behind the building. Tenants pay their own utilities.
At 168 S Lincoln Avenue in Aurora, the property is within walking distance of downtown stores, restaurants, Paramount Theater, Hollywood Casino, parks, and trails. Zoning is MULTI.
At 168 S Lincoln Avenue in Aurora, the property is within walking distance of downtown stores, restaurants, Paramount Theater, Hollywood Casino, parks, and trails. Zoning is MULTI.
Key Highlights
- Six apartments totaling 3,800 square feet
- Three‑car garage plus additional parking behind the building
- New off‑street asphalt parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,710
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,200
$654.2K
Cap Rate 7%
$467,286
$467.3K
Cap Rate 9%
$363,444
$363.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$62.5K $16.44/SF
− Vacancy
−$3.0K −$0.79/SF
EGI
$59.5K $15.65/SF
− OpEx
−$26.8K −$7.04/SF
NOI
$32.7K $8.61/SF
Area
Aurora, IL
Vacancy
4.80%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,200
Cap Rate 7%
$467,286
Cap Rate 9%
$363,444
Alternative Uses
Best Use
Apartment 5plus
$467.3K
$408.9K – $545.2K
NOI $32,710 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$951.9K – $1.27M
NOI $76,152 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,541
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments are supported by a three-car garage and additional rear parking.
Where is this apartment building located?
The property is located at 168 S Lincoln Avenue Aurora, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six apartments totaling 3,800 square feet; Three‑car garage plus additional parking behind the building; New off‑street asphalt parking lot
