1038 Liberty St Aurora, IL 60505
Light of the Community NeighborhoodEstimated payment $7,621/month
Highlights
- 1.05 Acre Lot
- Central Heating
- Hot Water Heating System
About This Home
ATTENTION INVESTORS... This property prints money! This turn of the century Aurora mansion sits on slightly over 1 acre land (truly hard to find in the heart of city!). The Mansion with impressive curb appeal has been converted to 10 studio and/or 1 bedroom, 1 bathroom apartments (10 UNITS TOTAL). There is plenty of tenant parking with 18 spaces and room for more. All electric and plumbing has been updated within the last 12 months. Common area interiors have been freshly painted. Ceilings in common areas have all been redone and painted. Several common area windows have been replaced. New flooring in common areas are currently being installed. Very easy access to shops, restaurants and all that historic downtown has to offer. All units are occupied and in high demand. This building is very easy to rent and produces OVER $11K/month with the potential to go a lot higher. Whether you are looking to add to your investment portfolio or just getting started, this opportunity is definitely not one to miss! Schedule your showing TODAY!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,938
Year Built
- Built in 1902
Lot Details
- 1.05 Acre Lot
- Lot Dimensions are 175x262
Parking
- 13 to 18 Parking Spaces
Home Design
- Composition Roof
- Stone Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Fire and Smoke Detector
Utilities
- Central Heating
- Radiator
- Hot Water Heating System
- Heating System Uses Gas
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $5,280
- Fuel Expense $4,313
- Insurance Expense $4,800
- Other Expense $600
- Trash Expense $1,980
- Water Sewer Expense $8,700
- Operating Expense $35,239
- Gross Income $135,000
- Net Operating Income $99,761
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,937 | $144,963 | $22,902 | $122,061 |
| 2023 | $9,568 | $128,041 | $20,463 | $107,578 |
| 2022 | $8,572 | $112,824 | $18,671 | $94,153 |
| 2021 | $8,480 | $105,041 | $17,383 | $87,658 |
| 2020 | $8,114 | $97,567 | $16,146 | $81,421 |
| 2019 | $8,839 | $100,310 | $14,960 | $85,350 |
| 2018 | $8,022 | $88,101 | $13,838 | $74,263 |
| 2017 | $10,057 | $102,554 | $12,750 | $89,804 |
| 2016 | $9,942 | $94,480 | $10,929 | $83,551 |
| 2015 | -- | $83,852 | $9,398 | $74,454 |
| 2014 | -- | $80,245 | $8,637 | $71,608 |
| 2013 | -- | $78,841 | $8,253 | $70,588 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | For Sale | $1,275,000 | +96.5% | -- |
| 07/14/2023 07/14/23 | Sold | $649,000 | 0.0% | -- |
| 06/05/2023 06/05/23 | Pending | -- | -- | -- |
| 05/30/2023 05/30/23 | For Sale | $649,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,000 | Chicago Title Insurance Co | |
| Trustee Deed | -- | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | Commercial | |
| Closed | $127,500 | Commercial | |
| Closed | $100,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12437053
APN: 15-23-256-004
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