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Seven-Unit Brick Apartment Building
For Sale
$980,000
Pending

400 E Downer Place, Aurora, IL 60505

MULTI-zoned property with a mix of one-bedroom and two-bedroom apartments in Aurora.

Property SizeContact for details
Days on Market26

Property Features for 400 E Downer Place

General Information

Standard status Pending
Property subtype Commercial
Zoning MULTI

Units

Unit Mix 2 x 1BR, 5 x 2BR
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $14,189

Building Details

Buildings 1
Stories 2
Units 7
Construction Brick
Listing Agency: Kale Realty
Listed By: Jayesh Parekh · License #475149245
Source: Jjillrealtygroup
Added: Aug 4 Changed: Aug 28 Last Checked: Aug 28 at 12:48AM

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 Kale Realty

Investment Insights

Based on property information with market context.

This multifamily property at 400 E Downer Place in Aurora includes an all-brick apartment building with seven units. The unit mix consists of 2 one-bedroom apartments and 5 two-bedroom apartments, providing a combination of smaller and larger residential layouts within one property. The building is described as being in great shape.

The property is located in a historical neighborhood in Aurora, Illinois, and carries MULTI zoning. Its apartment configuration and varied unit mix provide a straightforward multifamily profile for residential income use.

Key Highlights

  • Seven‑unit apartment building with an all‑brick exterior
  • Unit mix includes 2 one bedrooms and 5 two bedrooms
  • MULTI zoning

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

1,497
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 - MULTI-zoned property with a mix of one-bedroom and two-bedroom apartments in Aurora.
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: Seven‑unit apartment building with an all‑brick exterior; Unit mix includes 2 one bedrooms and 5 two bedrooms; MULTI zoning
More about this property
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