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304 Hankes Avenue
Aurora, IL 60505
FOR
SALE
$1,600,000
Active
6,532
Sqft
0.33
Acres
1931
Yr. Built
MLS# 12552481
Cumulative Days on Market: 234 · Includes prior listings · Currently listed since 01/22/26 · Data provided by the MLS.

Property Description

Well-maintained and professionally landscaped, 304 Hankes Ave is a turnkey 9-unit multifamily investment in Aurora's desirable Pigeon Hill neighborhood, offering a strong unit mix of six spacious 2-bedroom units and three comfortable 1-bedroom units with no association and low utility costs. Most units have been renovated with new fixtures, upgraded electrical circuits and breakers, newer windows, and modern split ductless heat and A / C systems with backup electric heating, ensuring long-term reliability and reduced maintenance. Apartments feature hardwood floors covered with durable luxury vinyl plank flooring and oak kitchen cabinetry, designed for tenant appeal and easy upkeep. Each unit includes two designated parking spaces, while long-term tenants provide stable income. The property benefits from additional revenue through coin-operated laundry and rentable private basement storage units, and recent capital improvements, including a newer roof, further enhance value. Fully occupied building, this asset offers excellent cash flow and a solid return for both new and seasoned investors. Please do not disturb tenants.

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Property Highlights

Property Type
Commercial Sale
Local Property Type
Multi Family 5+
Acres
0.33
Year Built
1931
Cumulative Days On Market
141

Location

Area
Aurora / Eola
City/Township
Aurora
County
Kane
Zoning
MULTI

Property Details

Price
$1,600,000
Local Property Type
Multi Family 5+
Property Type
Commercial Sale

Building

Total Area
6,532

Interior Features

Rooms and Basement

Basement Features
Other, Bath/Stubbed, Storage Space

Area and Spaces

Number of Units
9

Interior Features

Electic
Circuit Breakers

Building Details

Construction

Year Built
1931
Foundations
Concrete Perimeter

Materials

Construction Materials
Wood, Frame
Roof
Composition

Terms

Commercial

Cap Rate
6.08

Terms

Cumulative Days On Market
141

Taxes

Tax

Tax (Annual)
$12,600

HOA

Association Fee Includes
None

Heating, Cooling & Utilities

Cooling Features
Exhaust Fan, Heat Pump, Wall Sleeve

Utilities

Sewer
Storm Sewer
Water Source
Municipal Water

Lot

Acres
0.33
Lot Size Area Sq Ft
14,810
Lot Dimensions
81.4 X 180.2X81.4X179.23
Listed by Sohum Realty, Inc.
Listing Data last updated 09/12/2026 12:20 am
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Property History

13 days ago
Property information last updated
99 days ago
Date of last price change
232 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 234 days (includes prior listings) · Currently listed since January 22, 2026. Data provided by the MLS.

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