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Turnkey 9-Unit Apartment Building

304 Hankes Avenue Aurora, IL 60505

304 Hankes Avenue, Aurora, IL, 60505
$1,600,000
For Sale
$1,600,000

MULTI_FAMILY - Aurora, IL

Lot Size0.33 Acres
Days on Market180

Property Features for 304 Hankes Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
15
Bathrooms
14
Rooms
Bedroom 14, Bedroom 4, Bedroom 2, Bedroom 10, Bedroom 6, Bedroom 1, Bathroom 12, Bathroom 14, Bathroom 7, Bedroom 8, Bathroom 4, Bedroom 7, Bedroom 9, Bathroom 10, Bathroom 11, Bedroom 3, Bathroom 8, Bedroom 11, Bathroom 3, Bedroom 5, Bedroom 12, Bathroom 5, Bathroom 9, Bathroom 6, Bathroom 13, Bathroom 1, Bedroom 15, Bedroom 13, Bathroom 2
Basement
Storage Space
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.
Listed by Venkat Chatakondu
Added: Jan 22 Updated: Jul 13 at 5:34PM Checked: Jul 21 at 9:06AM
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.

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 Location Intelligence

Current Use by Public Records

Make The Way Ministries Church

Suggested Use

Real Estate Agency (Bike/Boat/Book/etc) Store Daycare Center Computer & Electronic Repair Locksmith Carpet & Flooring Store Bakery Catering Service Grocery & Convenience Store Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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