Check out this this well-maintained 2-unit property that offers an outstanding opportunity for both investors and owner-occupants alike! Located at 614 S. Lincoln Ave in the heart of Aurora, this property features a vacant first-floor unit ready for immediate occupancy or rental income, while the second-floor unit is already tenant occupied on a month-to-month lease. The spacious first-floor unit offers 3 bedrooms and 1 full bath and is vacant Perfect for an owner-occupied tenant to live in & collect rent from the 2nd unit. The second-floor unit features 4 bedrooms and 1 full bath with separate front and rear entrances for added privacy and convenience. Major capital improvements have already been completed, including new siding, gutters, soffit, fascia, and all new windows within the last 2 years. Roof replaced in 2019. Property also features updated electrical throughout, all new copper plumbing, and separate 200-amp electrical service for each apartment. One water heater is brand new, while the second was replaced approximately in 2018. Furnaces are in great condition! Additional features include washer/dryer hookups in the basement, an unfinished basement ideal for storage with both interior and exterior walkout access, and an extra-long driveway that comfortably fits 2 vehicles. The property also backs to Concord Street, providing ample additional street parking for tenants and guests. Conveniently located near downtown Aurora, residents will enjoy easy access to shopping, restaurants, schools, parks, public transportation, and the vibrant entertainment and dining options along the Fox River corridor. Quick access to major roadways and the Metra station makes commuting simple. A turnkey multi-unit opportunity with potential and excellent long-term upside!
Listed By
Agency Name: iHome Real Estate
Agency Phone: 630-779-3963
Shown By
Agent Name: Vanessa Bloomer
Agent Phone: (815) 312-7879
Agency Title: Gambino Realtors
Estimated Payment
$ 2,044.08 per month $1,589.35 Principal & Interest $352.67 Property Tax $102.05 Homeowner's Insurance
614 S Lincoln Avenue | MLS# 12646320
This multi-family property located at 614 S Lincoln Avenue, Aurora, IL 60505 is currently listed for sale with an asking price of $349,900. S Lincoln Avenue is located within the District 131 school district. Search Aurora real estate on vbloomer.gogambino.com today.