154 S Locust St Aurora, IL 60506
Near West Galena NeighborhoodEstimated payment $4,570/month
Highlights
- 0.47 Acre Lot
- Hot Water Heating System
- Wood Siding
- Laundry Room
- Heating System Uses Steam
About This Home
3 Adjoining Properties sold as an inseparable package. 1 - 4 flat, 1 - 2 flat, and 1 Parking lot. Ideal for experienced buyers or savvy investors who understand and appreciate older properties which generate excellent revenue and are prepared to take it on as it stands. ** The 4 flat (154 Lasalle) is a "Money Maker Plus - Gardner House ca 1887. Designated Aurora Historical Landmark Status. 4 Apartments, Fully Occupied: 1 (2 Bedroom), 1 (1 Bedroom), 1 ( Studio), 1 (4 Bed AIRBNB, 90% Occupancy over 9 years). 75% remodeled to high standard. Recent roof, circuit breakers, water heaters, window AC's, many upgrades over 18 years. Long term tenants. Tenant parking in back along alley. This 139-year-old building offers extraordinary income, historic character and solid bones, along with the realities of its age. There are known foundation water intrusion issues in the basement. The property is being sold strictly as-is. Seller will make no repairs, provide no credits, and will not entertain post-inspection renegotiations. Inspections are welcome for buyer's information only. ** The 2 flat, (156 Lasalle) a Rare Brick Vintage Two Flat Building - Judson House ca 1890. Designated Aurora Historical Landmark Status. Fully Occupied: 1 (2 Bedroom), 1 (3 Bedroom). Building has many upgrades over 15 years, to roof, gutters, plumbing and electrical to meet current codes, but still maintains original woodwork and charm. Recent roof, storm windows, circuit breakers, gutters, water heater, coin laundry. Tenants pay for gas and electric utilities. Long term leases. Low property taxes and insurance. ** Parking lot (160 Lasalle) has 17 parking spaces, 11 of which are rented monthly by tenants. Each property has a separate PIN
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,572
Year Built
- Built in 1887
Lot Details
- 0.47 Acre Lot
- Additional Parcels
Home Design
- Brick Exterior Construction
- Stone Foundation
- Pitched Roof
- Composition Roof
- Wood Siding
- Shingle Siding
Interior Spaces
- 2-Story Property
- Laundry Room
- Unfinished Basement
Utilities
- Window Unit Cooling System
- Radiator
- Hot Water Heating System
- Heating System Uses Steam
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,462
- Fuel Expense $2,513
- Insurance Expense $3,680
- Maintenance Expense $3,225
- Other Expense $2,954
- Trash Expense $1,088
- Water Sewer Expense $2,410
- Operating Expense $42,852
- Gross Income $121,740
- Net Operating Income $78,888
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/24/2026 02/24/26 | For Sale | $700,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12576568
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Ask me questions while you tour the home.