Downtown Apartment
For Sale
Contact for pricing
415 E Galena Blvd, Aurora, IL 60505
Multi-unit residential property with studios through two-bedroom apartments and 12 garage spaces.
Property SizeContact for details
Days on Market132
Property Features for 415 E Galena Blvd
General Information
Standard status
Active
Total Parking Spaces
12
Property subtype
Multifamily
Additional Details
Multifamily Units
56
Listing Agency:
Triad Real Estate Partners
Listed By:
James Clough · License #IL 475.147791
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 10:10AM
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 Triad Real Estate Partners
Investment Insights
Based on property information with market context.
The Parkway Apartments is a 56-unit residential property offering studio, one-bedroom, and two-bedroom apartments, along with 12 garage spaces. Building improvements completed over the past 8 years include landscaping, roof work, updated hallways, electrical service work, and updated fire alarm monitors. Insulated doors were installed on the garage spaces, and a new boiler is planned to be installed over the next few months.
The property is located on the east side of downtown Aurora at 415 E Galena Blvd. Public remarks note that downtown Aurora has seen significant investment in recent years, including investors purchasing and renovating older buildings.
As presented, the property provides multiple paths for a future owner to improve operations, including renovation of additional units, the potential use of a supplemental utility fee, and upgrades that may support energy savings in combination with the new boiler.
The property is located on the east side of downtown Aurora at 415 E Galena Blvd. Public remarks note that downtown Aurora has seen significant investment in recent years, including investors purchasing and renovating older buildings.
As presented, the property provides multiple paths for a future owner to improve operations, including renovation of additional units, the potential use of a supplemental utility fee, and upgrades that may support energy savings in combination with the new boiler.
Key Highlights
- Parkway Apartments features 56 total units with studio, 1‑bedroom, and 2‑bedroom layouts
- Includes 12 garage spaces; owners currently charge $65 per space
- Recent improvements over the past 8 years include landscaping, roof work, updated hallways, electric service work, and updated fire alarm monitors
Property Analytics
Property Profile
Current Use
Lease Details
56
Residential units
Location Intelligence
Trade Area within ½ mile
1,552
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-unit residential property with studios through two-bedroom apartments and 12 garage spaces.
Where is this apartment building located?
The property is located at 415 E Galena Blvd Aurora, IL.
What are key features of this property?
This property features: Parkway Apartments features 56 total units with studio, 1‑bedroom, and 2‑bedroom layouts; Includes 12 garage spaces; owners currently charge $65 per space; Recent improvements over the past 8 years include landscaping, roof work, updated hallways, electric service work, and updated fire alarm monitors
