168 S Lincoln Ave Aurora, IL 60505
- Commercial real estate
- 3,800 SF
- 0.31 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 168 S Lincoln Ave
- Year built
- 1900
- Lot size
- 0.31 lot acres
- Property size
- 3,800 SF
- Property type
- Commercial real estate
Description
This exceptional six-unit apartment building, located at 168 S Lincoln Avenue in Aurora, IL, presents a compelling investment opportunity. The property boasts a total of 3,800 square feet and sits on a 0.31-acre lot. Its prime location in downtown Aurora offers unparalleled convenience, with easy walking access to a variety of amenities including numerous stores, restaurants, the Paramount Theater, Hollywood Casino, parks, and trails. The building is currently fully leased, providing immediate cash flow for the investor. Each of the six units has undergone updates, ensuring a high level of appeal to tenants. A three-car garage is included, along with additional parking spaces in the rear of the building, providing ample parking for residents. Units 2 and 5 are available for viewing upon initial inspection, with all units accessible for showings during the due diligence period. This property represents a rare chance to acquire a well-maintained, high-demand multi-unit building in a thriving downtown area. The strong tenant occupancy and desirable location make this an attractive investment with significant potential for future growth and return. The asking price is $550,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Kane
- State
- Illinois
- Longitude
- -88.31393
- Latitude
- 41.75209
