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Victorian Multifamily Residence
For Sale
$565,000

479 N Lake Street, Aurora, IL 60506

Residential Income, Aurora, IL

Property SizeContact for details
Lot Size0.93 Acres
Days on Market67

Property Features for 479 N Lake Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 6
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Basement, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking 10
Parking features Owned, Off Street, Guest
Window features Screens
Basement Daylight, Partially Finished, Unfinished, Full
Lot features Backs to Public G R N D, Backs to Trees/ Woods
View Water
Elementary school Smith Elementary School
Middle school Jewel Middle School
High school West Aurora High School
Elementary school district 129
Middle school district 129
High school district 129
Directions Route 31 (Lake Street) between Illinois Avenue and West Park Avenue. East side of street on the beautiful banks of the Fox River!
Subdivision Aurora / Eola
Standard status Active
APN 1522128033
Lot size 0.93 Acres

Taxes and HOA fees

Tax Year 2025

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Steam
Water source Public
Water front features River Front
Water front 1

Amenities

wrap-around front porch
fireplace
enclosed back porch
full basement

Building Details

Year built 1880
Building materials Vinyl Siding
Roof type Asphalt, Rubber
Architectural style Victorian
Listing Agency: Pilmer Real Estate, Inc
Listed By: Linda Pilmer · License #471006122
Added: Jul 23 Changed: Sep 16 Last Checked: Sep 27 at 3:06AM
MLS# 12710125

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.

Built in 1880, this Victorian residence offers a substantial multifamily configuration across multiple levels. The main floor includes a foyer, half bathroom, living room, dining room, family room or office with fireplace, kitchen, and an enclosed rear porch used as additional living space. The second floor contains five bedrooms, two full bathrooms, and a sitting area. Finished third-floor space adds two more bedrooms, a full bathroom, and storage, while the basement includes additional rooms and a bathroom with interior and exterior access.

The property comprises approximately .93 acres across two parcels and includes a wrap-around front porch, off-street parking, and a one-car detached garage on 475 N. Lake Street. Riverfront features, public water, public sewer, natural gas heat, steam heat, vinyl siding, and asphalt and rubber roofing are also noted. Most recently, the residence was occupied by a tax-exempt nonprofit as a transition home for females.

Key Highlights

  • Approximately .93 acres across two parcels
  • Seven bedrooms across the second and third floors
  • Finished third‑floor space with a full bathroom and storage

Property Analytics

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Current Use

Hope For Tomorrow Inc Social Service Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Tattoo & Piercing Shop Pet Store & Service Fish Market Pet Store

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,300
Businesses Nearby

Demographics for 60506, IL

52,011
Population
18,204
Households
2.9
Avg Household Size
36
Median Age
29%
College-Educated
84%
High-School Grad
21.2 sq mi
ZIP Area
2,453
Density / Sq Mi
$76,105
Median Household Income
$38,341
Median Earnings
$1,305
Median Rent
$246,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two-story residence with finished third-floor space, a full basement, and multiple interior living areas.
Where is this multifamily property located?
The property is located at 479 N Lake Street Aurora, IL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Approximately .93 acres across two parcels; Seven bedrooms across the second and third floors; Finished third‑floor space with a full bathroom and storage
More about this property
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