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Six-Unit Apartment Building
For Sale
Under Contract
$550,000

168 S Lincoln Avenue, Aurora, IL 60505

Commercial Sale, Aurora, IL

Property SizeContact for details
Lot Size0.31 Acres
Days on Market125

Property Features for 168 S Lincoln Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Basement, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 5, Bedroom 8, Bathroom 6, Bedroom 1, Bathroom 2
Basement Unfinished
Directions Route 25 to Downers Pl E to Lincoln Ave S to Home
Subdivision Aurora / Eola
Standard status Active Under Contract
APN 1527129007
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8231

Building Details

Year built 1900
Floors in Building 2
Number of units 6
Building materials Cedar
Roof type Composition
Listing Agency: Suburban Life Realty, Ltd
Listed By: Matthew Lysien · License #471003181
Added: Apr 20 Changed: Aug 20 Last Checked: Aug 22 at 6:06AM
MLS# 12620422

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 remodeled apartment building contains 6 units on a 0.31-acre parcel. Unit interiors have been updated, while the exterior and entryway have been freshly painted. The property also includes a three-car garage, rear parking serving each unit, and a recently completed asphalt parking lot. A composition roof was installed in 10/2025. Cedar is listed among the construction materials, and the building dates to 1900.

The property is positioned near downtown Aurora, with stores, restaurants, Paramount Theater, Hollywood Casino, parks, and trails described as within walking distance. Tenants are responsible for all utilities. The site carries MULTI zoning and is located in Aurora, Illinois, in Kane County.

Key Highlights

  • 6‑unit apartment building on 0.31 acres
  • New composition roof installed in 10/2025
  • Three‑car garage plus rear parking for each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Pet Store & Service Acupuncture Tech Support Center

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,277
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Remodeled apartment property with updated units, tenant-paid utilities, and new off-street 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: 6‑unit apartment building on 0.31 acres; New composition roof installed in 10/2025; Three‑car garage plus rear parking for each unit
More about this property
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