26 East Downer Place

Aurora, IL 60506

$495,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Back on the Market - 100% Leased Opportunity to Purchase this historic two-story mix use building for investment at an attractive 9.15% Cap Rate or for future owner occupant. 1st floor retail includes the finished lower-level walk out retail space (totaling 2,800 sq/ft). Second Floor has one, 1 bedroom w/den apartment beautify renovated in 2007(1,400 sq/ft). Property is in the Center of Aurora's Stop Island - Downtown Historic District on emerging East and West Downer Street. Property is surrounded...Back on the Market - 100% Leased Opportunity to Purchase this historic two-story mix use building for investment at an attractive 9.15% Cap Rate or for future owner occupant. 1st floor retail includes the finished lower-level walk out retail space (totaling 2,800 sq/ft). Second Floor has one, 1 bedroom w/den apartment beautify renovated in 2007(1,400 sq/ft). Property is in the Center of Aurora's Stop Island - Downtown Historic District on emerging East and West Downer Street. Property is surrounded and close to new and established; Restaurants, Coffee Shops, Fitness Centers, Medical Practices, Art Galleries, Clothing Retailer, Design Studio, Holistic Health Care, Attorney Offices, Insurance Providers, Aurora City Hall and much much more! Contact Listing Agent no earlier than 48 hours to schedule showing by phone or by e-mail.
  1. Listed by Athanasios Tsipas • Keller Williams Infinity

Property Details for 26 East Downer Place

Area
Aurora / Eola
Township
Aurora
Num of Interior Fireplaces
0
Zoning
COMMR
LISTING UPDATED: 12/16/2024 12:07 PM

Property Details for 26 East Downer Place

StatusActive
MLS #12106726
Days on Market10
Taxes$2,391 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1900
Lot Size0.06 AC / 2,700 SF
CountyKane County

Building Information for 26 East Downer Place

Stories2Residences2Year Built1900Lot Size0.06 AC / 2,700 SF

Property Information for 26 East Downer Place

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Far West
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 0 to 100 Amps
  • # Of Washers: 1
  • Heat/Ventilation: Ceiling Units,Central Heat/Indiv Controls,Electric,Forced Air
  • # Of Window/Ac: 0
  • # Of Refrigerators: 1
  • Washer/Dryer Lsd: Yes
  • # Of Dryers: 1
  • # Of Disposals: 1
  • # Of Dishwashers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Repairs, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 22X120
  • Lot Size Square Feet: 2700.0
  • Stories: 2
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • Building Area Total: 4200
  • Manufacturing SqFt: 0
  • # Of Offices: 3
  • Office SqFt: 1400
  • Other SqFt: 1400
  • Retail SqFt: 1400
  • # Of Ranges: 1
  • # Of Stores: 1
  • Warehouse SqFt: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 10
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $52,800.00
  • Gross Scheduled Income: $52,800.00
  • Insurance Expense: $3,200.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 4400
  • Water Expense Source: Owner Projection
  • Net Operating Income: $45,399.00
  • Operating Expense: $5,010.00
  • Other Expense: $400.00
  • Trash Expense: $360.00
  • Water Sewer Expense: $1,050.00

Property History for 26 East Downer Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 26 East Downer Place

Taxable ValueLand$8,632Additions$19,589Total$28,221
Tax Record2023$2,391 ($199 / month)
Home Facts
Total Finished SqFt3,040 SqFtAbove Grade Finished SqFt3,040 SqFtStories2Lot Size2,280 SqFtStyleMiscellaneous CommercialYear Built1900CountyKANEAPN15-22-334-011

Schools near 26 East Downer Place

This home is within Aurora East Usd 131.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
C M Bardwell Elementary School
PublicPK to 5

K D Waldo 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.

Neighborhood Map and Transit

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26 East Downer Place is a mixed use property for sale in Aurora, IL 60506. This property was listed for sale on December 8, 2024 by Keller Williams Infinity, it's currently listed at $495,000. It has been on the market for a total of 10 days and was last sold on November 20, 2006. This listing's school district is Aurora East Usd 131. Nearby schools include C M Bardwell Elementary School, K D Waldo Middle School and East High School. 26 East Downer Place is a 0-bed, 0-bath, mixed use property built in 1900.

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 Keller Williams Infinity

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 PM. 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.