122 E State St North Aurora, IL 60542
Estimated payment $3,353/month
About This Home
Great opportunity to purchase a strong cash flowing 4 flat in North Aurora that is directly east of the North Aurora Riverfront Park. Quiet secluded street with all one bedrooms. New roof (2024), new water heater (2024), and new furnace/ electric panels. Property could use new parking lot and units could be updated down the road further to boost rents more. However property still operates around an 8.5 CAP currently. Rents at ~59k of income with last unit rented at $1500. Room to grow rents to 6k a month or 72k. All units heated by one furnace. Tenants pay own electric. Improve the rents by upgrading 2 mtm units. Great return day one! Perfect first investment or expand an existing portfolio in North Aurora.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,158
Year Built
- Built in 1958
Lot Details
- 8,276 Sq Ft Lot
Home Design
- Asphalt Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Parking Included in Price
- Unassigned Parking
Schools
- Schneider Elementary School
- Herget Middle School
- West Aurora High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Building Details
- Fuel Expense $780
- Insurance Expense $1,984
- Maintenance Expense $800
- Trash Expense $1,572
- Water Sewer Expense $1,121
- Gross Income $58,800
- Net Operating Income $42,921
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 | $7,158 | $94,045 | $9,748 | $84,297 |
| 2023 | $6,926 | $84,029 | $8,710 | $75,319 |
| 2022 | $6,424 | $76,669 | $7,947 | $68,722 |
| 2021 | $6,164 | $71,380 | $7,399 | $63,981 |
| 2020 | $7,194 | $81,765 | $6,873 | $74,892 |
| 2019 | $7,008 | $75,757 | $6,368 | $69,389 |
| 2018 | $6,737 | $70,388 | $5,890 | $64,498 |
| 2017 | $6,542 | $66,438 | $5,427 | $61,011 |
| 2016 | $6,941 | $68,359 | $4,652 | $63,707 |
| 2015 | -- | $59,579 | $4,555 | $55,024 |
| 2014 | -- | $55,636 | $4,186 | $51,450 |
| 2013 | -- | $60,799 | $4,126 | $56,673 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $499,000 | -3.1% | -- |
| 06/09/2025 06/09/25 | For Sale | $515,000 | +190.1% | -- |
| 06/24/2020 06/24/20 | Sold | $177,500 | -11.2% | -- |
| 04/27/2020 04/27/20 | Pending | -- | -- | -- |
| 03/15/2020 03/15/20 | Price Changed | $199,900 | -6.5% | -- |
| 01/29/2020 01/29/20 | For Sale | $213,700 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $177,500 | First American Title | |
| Warranty Deed | $220,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $273,750 | New Conventional | |
| Previous Owner | $661,925 | Commercial | |
| Previous Owner | $133,125 | New Conventional | |
| Previous Owner | $116,000 | New Conventional | |
| Previous Owner | $161,251 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $176,000 | Fannie Mae Freddie Mac |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12388979
APN: 15-03-151-021
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