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All-Brick Multifamily Building
For Sale
Under Contract
$980,000

400 E Downer Place, Aurora, IL 60505

MULTI_FAMILY - Aurora, IL

Property SizeContact for details
Lot Size0.27 Acres
Days on Market50

Property Features for 400 E Downer Place

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 12
Bathrooms 7
Full bathrooms 7
Rooms Bathroom 6, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 1, Bathroom 5, Bedroom 11, Bathroom 3, Bedroom 12, Bedroom 7, Bedroom 9, Bedroom 3, Bedroom 10, Bathroom 7, Bedroom 5
Directions lake to Downers to address
Subdivision Aurora / Eola
Standard status Active Under Contract
APN 1522458012
Lot size 0.27 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 14189

Building Details

Floors in Building 2
Number of units 7
Listing Agency: Kale Realty
Listed By: Jayesh Parekh · License #475149245
Added: Jun 20 Changed: Aug 3 Last Checked: Aug 8 at 4:06PM
MLS# 12683916

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 all-brick multifamily building offers a straightforward unit mix for residential income use. The property includes two one-bedroom units and five two-bedroom units, providing flexibility for a range of household types.

The building sits on a 0.27-acre lot and is zoned MULTI, supporting multifamily occupancy. It is located at 400 E Downer Place in Aurora, IL (Kane County).

With its compact lot footprint and defined unit configuration, the property may be a practical option for investors or operators seeking a brick multifamily asset with a simple, repeatable bedroom mix.

Key Highlights

  • All‑brick multifamily building
  • Two one‑bedroom units and five two‑bedroom units
  • Seven total units

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
Yes
Paved road access

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
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Frequently Asked Questions

What type of property is this?
Apartment building - All-brick multifamily building on a 0.27-acre site with seven total units featuring two one-bedrooms and five two-bedrooms.
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; Two one‑bedroom units and five two‑bedroom units; Seven total units
More about this property
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