31 West New York Street

Aurora, IL 60506

$950,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Here lies the investment opportunity of a lifetime! Imagine owning a piece of historic downtown Aurora! Solid brick and gorgeous! ~Turnkey investment property has a ground level restaurant, lower-level piano bar and 3 apartments above with FULL occupancy! The restaurant is stunning having gone through a total renovation with bar, built-in pizza oven, plenty of seating, 2 rest rooms and beautiful stainless-steel kitchen! The piano bar has another bar, stylish seating options, 2 more rest rooms and...Here lies the investment opportunity of a lifetime! Imagine owning a piece of historic downtown Aurora! Solid brick and gorgeous! ~Turnkey investment property has a ground level restaurant, lower-level piano bar and 3 apartments above with FULL occupancy! The restaurant is stunning having gone through a total renovation with bar, built-in pizza oven, plenty of seating, 2 rest rooms and beautiful stainless-steel kitchen! The piano bar has another bar, stylish seating options, 2 more rest rooms and the large walk-in freezer and mechanicals are located down here. 3 big apartments feel like city lofts with their high ceilings, light filled rooms with large windows, nice size kitchens, 1 big bedroom and bath each. There is abundant public parking nearby for everyone. This is an amazing opportunity don't let it pass you by!
  1. Listed by Nadine Johnson • Kettley & Co. Inc. - Aurora

Property Details for 31 West New York Street

Area
Aurora / Eola
Township
Aurora
Num of Interior Fireplaces
0
Zoning
COMMR
LISTING UPDATED: 09/19/2024 12:06 AM

Property Details for 31 West New York Street

StatusActive
MLS #12156962
Days on Market173
Taxes$15,694 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1904
Lot Size0.05 AC / 2,178 SF
CountyKane County

Building Information for 31 West New York Street

Stories2Residences5Year Built1904Lot Size0.05 AC / 2,178 SF

Property Information for 31 West New York Street

General Information
Addtl Parking Information
  • Outdoor Parking: Public Lot,Parking-Street
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Far West
  • Information: List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 0
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • # Of Window/Ac: 2
  • # Of Refrigerators: 3
  • # Of Dryers: 0
  • # Of Disposals: 0
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
  • Misc Outside: Handicapped Design
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 48.17X54X48.21X54
  • Lot Size Square Feet: 2178.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Fire Protection: Sprinklers,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Building Area Total: 5292
  • # Of Offices: 0
  • # Of Ranges: 3
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 1
  • Document Date: 2024-09-14T00:05:22
  • Photos Count: 27
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $1,421.00
  • Fuel Expense: $.00
  • Gross Income: $9,090.00
  • Gross Scheduled Income: $109,080.00
  • Insurance Expense: $7,644.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 9090
  • Water Expense Source: Owner Projection
  • Net Operating Income: $73,146.00
  • Operating Expense: $29,665.00
  • Other Expense: $3,750.00
  • Trash Expense: $1,156.00
  • Water Sewer Expense: $.00

Property History for 31 West New York Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 31 West New York Street

This home is within Aurora West Community Unit School District 129.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Smith Elementary School
PublicPK to 5

Jewel Middle School
Public6 to 8

West Aurora High School
Public9 to 12

Hope D Wall Tmh Child Development Center
PublicPK to 12

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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31 West New York Street is a mixed use property for sale in Aurora, IL 60506. This property was listed for sale on September 13, 2024 by Kettley & Co. Inc. - Aurora, it's currently listed at $950,000. This listing's school district is Aurora West Community Unit School District 129. Nearby schools include Smith Elementary School, Jewel Middle School and West Aurora High School. 31 West New York Street is a 0-bed, 0-bath, mixed use property built in 1904.

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 Kettley & Co. Inc. - Aurora

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 09/19/2024 12:06 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.