1038 Liberty Street

Aurora, IL 60505

$1,475,000
Price
7
Beds
7
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Attention investors... This property prints money! This turn of the century Aurora mansion sits on slightly over 1 acre land (truly hard to find in the heart of city!). The Mansion with impressive curb appeal has been converted to 10 studio and/or 1 bedroom, 1 bathroom apartments. There is plenty of tenant parking with 18 spaces and room for more. All electric and plumbing has been updated within the last 12 months. Common area interiors have been freshly painted. Ceilings in common areas have all...Attention investors... This property prints money! This turn of the century Aurora mansion sits on slightly over 1 acre land (truly hard to find in the heart of city!). The Mansion with impressive curb appeal has been converted to 10 studio and/or 1 bedroom, 1 bathroom apartments. There is plenty of tenant parking with 18 spaces and room for more. All electric and plumbing has been updated within the last 12 months. Common area interiors have been freshly painted. Ceilings in common areas have all been redone and painted. Several common area windows have been replaced. New flooring in common areas are currently being installed. Very easy access to shops, restaurants and all that historic downtown has to offer. All units are occupied and in high demand. This building is very easy to rent and produces OVER $10K/month with the potential to go a lot higher. Whether you are looking to add to your investment portfolio or just getting started, this opportunity is definitely not one to miss! Schedule your showing TODAY!
  1. Listed by Alex Rullo • RE/MAX All Pro - St Charles
  2. Listed by Adam Rullo • RE/MAX All Pro - St Charles

Property Details for 1038 Liberty Street

Area
Aurora / Eola
Township
Aurora
Zoning
MULTI
LISTING UPDATED: 12/16/2024 12:07 AM

Property Details for 1038 Liberty Street

StatusActive
MLS #12254211
Days on Market9
Taxes$9,569 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1902
Lot Size1.05 AC / 45,850 SF
CountyKane County

Building Information for 1038 Liberty Street

Stories3Residences10Year Built1902Building Size-Lot Size1.05 AC / 45,850 SF

Property Information for 1038 Liberty Street

General Information
Addtl Parking Information
  • Outdoor Parking: 13-18 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Circuit Breakers
  • Basement Description: Unfinished
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Radiators
  • # Of Refrigerators: 10
  • Washer/Dryer Lsd: No
  • Num of Baths: 7.0
Exterior Features
  • Misc Outside: Courtyard,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal, Water to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: None
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 175X262
  • Lot Size Square Feet: 45850.0
  • Stories: 3
  • Exterior Building Type: Vinyl Siding, Stone
  • Construction: Wood Frame
  • Roof Type: Composition
  • Fire Protection: Smoke or Fire Protectors
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 10
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 1
  • Document Date: 2024-12-10T20:40:38
  • Green Supporting Documents: N
  • Photos Count: 11
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $5,280.00
  • Fuel Expense: $3,600.00
  • Gross Income: $129,600.00
  • Gross Scheduled Income: $129,600.00
  • Insurance Expense: $4,800.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 10800
  • Water Expense Source: Owner Projection
  • Net Operating Income: $90,247.00
  • Operating Expense: $33,353.00
  • Other Expense: $420.00
  • Trash Expense: $1,980.00
  • Water Sewer Expense: $8,700.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1

Property History for 1038 Liberty Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1038 Liberty Street

Taxable ValueLand$20,463Additions$107,578Total$128,041
Tax Record2023$9,568 ($797 / month)
Home Facts
Total Finished SqFt4,106 SqFtAbove Grade Finished SqFt4,106 SqFtStories2Lot Size46,173 SqFtStyleMulti-Family Res (5+ Units)Year Built1902CountyKANEAPN15-23-256-004

Schools near 1038 Liberty Street

This home is within Aurora East Usd 131.
Rating
School
Type
Grades
Distance
Oak Park Elementary School
Public - PK to 5
Henry W Cowherd Middle School
Public - 6 to 8
East High School
Public - 9 to 12
Fred Rodgers Magnet Academy
Public - 6 to 8
Rating
School
Distance
Oak Park Elementary School
PublicPK to 5

Henry W Cowherd Middle School
Public6 to 8

East High School
Public9 to 12

Fred Rodgers Magnet Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1038 Liberty Street, Aurora, IL 60505

1038 Liberty Street is a multi-family home for sale in Aurora, IL 60505. This property was listed for sale on December 10, 2024 by RE/MAX All Pro - St Charles, it's currently listed at $1,475,000. It has been on the market for a total of 9 days and was last sold on July 14, 2023. This listing's school district is Aurora East Usd 131. Nearby schools include Oak Park Elementary School, Henry W Cowherd Middle School and East High School. 1038 Liberty Street is a 7-bed, 7-bath, multi-family home built in 1902.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX All Pro - St Charles

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/16/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.