597 South Lake Street

Aurora, IL 60506

$575,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Don't miss this exceptional investment opportunity in Aurora! This fully updated property boasts a main floor retail space with high visibility and a spacious 3 bedroom, 2 full bath upper-level apartment. Each unit has separate utilities, maximizing income potential. The upper unit is beautifully renovated and features a laundry room, sunroom, and modern kitchen. The building includes a 2.5-car garage, private parking lot, and a full basement for the retail space-ADA-compliant with a handicapped-accessible...Don't miss this exceptional investment opportunity in Aurora! This fully updated property boasts a main floor retail space with high visibility and a spacious 3 bedroom, 2 full bath upper-level apartment. Each unit has separate utilities, maximizing income potential. The upper unit is beautifully renovated and features a laundry room, sunroom, and modern kitchen. The building includes a 2.5-car garage, private parking lot, and a full basement for the retail space-ADA-compliant with a handicapped-accessible entrance. New roof, siding, and gutters were installed in 2024. Serious buyers only need pre-approval or proof of funds.
  1. Listed by Asish Kurian • Coldwell Banker Realty

Property Details for 597 South Lake Street

Area
Aurora / Eola
Zoning
COMMR
LISTING UPDATED: 12/05/2024 12:06 AM

Property Details for 597 South Lake Street

StatusActive
MLS #12218239
Days on Market19
Taxes$6,085 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1915
Lot Size0.13 AC / 5,760 SF
CountyKane County

Building Information for 597 South Lake Street

Stories2Residences2Year Built1915Lot Size0.13 AC / 5,760 SF

Property Information for 597 South Lake Street

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces,6-12 Spaces
Location and General Information
  • Frontage Type: County Road
  • Geographic Locale: Southwest Suburban
  • Information: Short Notice OK,Standard
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 1
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • # Of Dishwashers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Scavenger
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 45X 128 X73 X125
  • Lot Size Square Feet: 5760.0
  • Stories: 2
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Fire Extinguisher/s,Hydrants On Site,Smoke or Fire Protectors
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3500
  • # Of Offices: 2
  • # Of Stores: 2
  • Property Sub Type: Apts/Ofc, Apts/Stores
Property and Assessments
  • Possible Use: Commercial
  • Buyer Financing: Conventional, FHA, Cash
  • Public Document Count: 0
  • Photos Count: 32
Miscellaneous
  • Current Use: Commercial
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: $62,400.00
  • Gross Scheduled Income: $53,815.00
  • Insurance Expense: $2,500.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 5200
  • Water Expense Source: Actual
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 597 South Lake 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 597 South Lake Street

Taxable ValueLand$5,508Additions$65,538Total$71,046
Tax Record2023$6,085 ($507 / month)
Home Facts
Total Finished SqFt3,630 SqFtAbove Grade Finished SqFt3,630 SqFtStories2Lot Size7,405 SqFtStyleMiscellaneous CommercialYear Built1915CountyKANEAPN15-28-127-046

Schools near 597 South Lake 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
Freeman Elementary School
PublicPK to 5

Washington 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.

Similar Homes

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Similar Sold Homes

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597 South Lake Street is a mixed use property for sale in Aurora, IL 60506. This property was listed for sale on November 29, 2024 by Coldwell Banker Realty, it's currently listed at $575,000. It has been on the market for a total of 19 days and was last sold on June 1, 2020. This listing's school district is Aurora West Community Unit School District 129. Nearby schools include Freeman Elementary School, Washington Middle School and West Aurora High School. 597 South Lake Street is a 0-bed, 0-bath, mixed use property built in 1915.

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 Coldwell Banker Realty

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 12/05/2024 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.