2-Unit Duplex with
New
For Sale
$295,000
511 Jackson St, Aurora, IL 60505
Both residences have three bedrooms and separate furnaces and water heaters, with off-street parking served by two driveways.
Property Size2,162 SF
Price / SF$136.45
Days on Market6
Property Features for 511 Jackson St
General Information
Standard status
Active
Size
2,162 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
Could use some TLC
Site & Location
Neighborhood
United Neighbors
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,063
Building Details
Buildings
1
Listing Agency:
Southwest Real Estate
(630) 553-1412
Listed By:
Lorne Haff-Delancy · License #471015634
(630) 327-6736
Source:
Exprealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 3:17PM
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 Southwest Real Estate
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Investment Insights
Based on property information with market context.
This 2,162-square-foot duplex contains two residences, each arranged with three bedrooms, one bathroom, a living room, a separate dining room, and a kitchen. The lower residence also has a 16-by-8-foot enclosed porch; the upper includes a 19-by-7-foot outdoor balcony. Each unit has its own furnace and water heater, and the property has circuit breakers. The building is being sold as-is and may require work.
Set on a corner lot, the property offers off-street parking with two driveways. Schools and shopping are nearby, along with commuter bus service and a train station.
Set on a corner lot, the property offers off-street parking with two driveways. Schools and shopping are nearby, along with commuter bus service and a train station.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 2,162 sq ft total building area
- Upper unit includes a 19x7 balcony; lower unit has a 16x8 enclosed porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,319
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,380
$426.4K
Cap Rate 7%
$304,557
$304.6K
Cap Rate 9%
$236,878
$236.9K
Market Conditions
NOI Build-Up for 2,162 SF
Gross rent
$31.9K $14.76/SF
− Vacancy
−$1.5K −$0.67/SF
EGI
$30.5K $14.09/SF
− OpEx
−$9.1K −$4.23/SF
NOI
$21.3K $9.86/SF
Area
Aurora, IL
Vacancy
4.56%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,380
Cap Rate 7%
$304,557
Cap Rate 9%
$236,878
Alternative Uses
Best Use
Multifamily LT 5
$304.6K
$266.5K – $355.3K
NOI $21,319 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$265.9K
$232.6K – $310.2K
NOI $18,610 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$618.9K
$541.6K – $722.1K
NOI $43,326 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and separate furnaces and water heaters, with off-street parking served by two driveways.
Where is this duplex located?
The property is located at 511 Jackson St Aurora, IL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; 2,162 sq ft total building area; Upper unit includes a 19x7 balcony; lower unit has a 16x8 enclosed porch
