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All-Brick Multifamily Building
For Sale
$980,000

400 E Downer Place, Aurora, IL 60505

All-brick multifamily building offering two one-bedroom and five two-bedroom units.

Property SizeContact for details
Days on Market50

Property Features for 400 E Downer Place

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 7

Building Details

Construction All Brick
Listing Agency: ARNI Realty Incorporated
Listed By: Jayesh Parekh · License #475149245
Source: Birdrealtysells
Added: Jun 20 Changed: Jul 23 Last Checked: Aug 8 at 12:18PM

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 ARNI Realty Incorporated

Investment Insights

Based on property information with market context.

This all-brick multifamily property consists of two one-bedroom units and five two-bedroom units. The building is described as being in great shape.

The property is located on Downer Place in a historical neighborhood in Aurora.

As presented, the income potential is supported by historical low vacancy.

Key Highlights

  • All‑brick multifamily building in Aurora
  • Unit mix: 2 one‑bedroom units and 5 two‑bedroom units
  • All‑brick building described as in great shape

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Pet Grooming Service Pet Store & Service

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,592
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - All-brick multifamily building offering two one-bedroom and five two-bedroom units.
Where is this apartment building located?
The property is located at 400 E Downer Place Aurora, IL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: All‑brick multifamily building in Aurora; Unit mix: 2 one‑bedroom units and 5 two‑bedroom units; All‑brick building described as in great shape
More about this property
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