Renovated Nine-Unit Apartment
For Sale
$1,600,000
304 Hankes Avenue, Aurora, IL 60505
Commercial Sale, Aurora, IL
Property SizeContact for details
Lot Size0.33 Acres
Days on Market225
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 8, Bedroom 8, Bathroom 9, Bedroom 6, Bedroom 12, Bedroom 13, Bedroom 10, Bedroom 1, Bathroom 3, Bathroom 11, Bathroom 6, Bedroom 11, Bedroom 9, Bedroom 5, Bedroom 2, Bathroom 7, Bedroom 14, Bedroom 4, Bedroom 7, Bedroom 3, Bathroom 2, Bedroom 15, Bathroom 13, Bathroom 1, Bathroom 12, Bathroom 14, Bathroom 4, Bathroom 5, Bathroom 10
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
Amenities
coin-operated laundry
private basement storage
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: Aug 26
Last Checked: Sep 4 at 7:06PM
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.
Built in 1931 on a 0.33-acre lot, this nine-unit apartment property includes six two-bedroom residences and three one-bedroom residences. Most apartments have received interior and system updates, including newer fixtures, electrical circuit and breaker improvements, newer windows, split ductless heating and air conditioning, and backup electric heat. Interior finishes include hardwood flooring beneath luxury vinyl plank and oak kitchen cabinetry.
The property is fully occupied and provides two designated parking spaces per apartment. Additional features include coin-operated laundry and rentable private basement storage units. A newer composition roof is among the recent capital improvements. The building is located at 304 Hankes Avenue in Aurora, Illinois, and is zoned MULTI.
The property is fully occupied and provides two designated parking spaces per apartment. Additional features include coin-operated laundry and rentable private basement storage units. A newer composition roof is among the recent capital improvements. The building is located at 304 Hankes Avenue in Aurora, Illinois, and is zoned MULTI.
Key Highlights
- Nine‑unit apartment property with six two‑bedroom units and three one‑bedroom units
- Fully occupied building with two designated parking spaces per apartment
- Most units updated with newer windows, fixtures, electrical components, and split ductless HVAC
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
325
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 - Fully occupied multifamily property with updated apartment interiors, dedicated parking, laundry, and private basement storage.
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: Nine‑unit apartment property with six two‑bedroom units and three one‑bedroom units; Fully occupied building with two designated parking spaces per apartment; Most units updated with newer windows, fixtures, electrical components, and split ductless HVAC
