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Property profile & analytics

1038 Liberty St Aurora, IL 60505-2975

  • Apartment buildings
  • 4,106 SF
  • 1.06 lot acres
OFF-MARKET
Last Sale
Sep 01, 2023
$649,000
Value Estimations
$450,000
Show details
Cap Rate Potential
8.4%
Apartment buildings
Location Intelligence
Property ID
US28-0156217
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Apartment buildings

Property Details for 1038 Liberty St

Year built
1902
Construction
FRAME
Lot size
1.06 lot acres
Property size
4,106 SF
Property type
Apartment buildings
APN
15-23-256-004
APU
1523256004

Description

This stunning turn-of-the-century Aurora mansion, situated on a rare 1.05-acre lot in the heart of the city, presents a remarkable investment opportunity. The property has been meticulously renovated and converted into ten studio and/or one-bedroom, one-bathroom apartments, all currently occupied and in high demand. The building boasts impressive curb appeal and offers ample tenant parking with 18 spaces and room for expansion. Significant recent improvements include complete electrical and plumbing updates within the past year, fresh paint throughout the common areas, newly refinished ceilings, several replaced common area windows, and brand new flooring currently being installed in the common areas. The property's prime location provides easy access to a vibrant array of shops and restaurants in the historic downtown area. Generating over $10,000 in monthly rental income, this property offers substantial returns with significant upside potential for increased profitability. This is an exceptional opportunity for investors seeking a high-yield, low-maintenance multifamily investment in a desirable location. The strong occupancy rate and consistent rental income make this a truly compelling investment proposition.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $420,000
    ML approach
    $570,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $590,000
    6.5%
    $545,000
    7%
    $505,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Aurora
County
Kane
State
Illinois
Longitude
-88.2896
Latitude
41.761
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,572
$18,671
$94,153
$112,824
-
$56,013
$282,459
$338,472
More about this property
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