304 Hankes Ave Aurora, IL 60505
Pigeon Hill NeighborhoodEstimated payment $10,313/month
Highlights
- Laundry Room
- Baseboard Heating
- Wood Siding
- Storage Room
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,600
Year Built
- Built in 1931
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 81.4 x 180.2x81.4x179.23
Parking
- 13 to 18 Parking Spaces
Home Design
- Frame Construction
- Pitched Roof
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 6,532 Sq Ft Home
- 3-Story Property
- Storage Room
- Laundry Room
Basement
- Stubbed For A Bathroom
- Basement Storage
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heat Pump System
- Vented Exhaust Fan
- Baseboard Heating
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $1,200
- Fuel Expense $3,000
- Insurance Expense $5,040
- Maintenance Expense $4,800
- Trash Expense $3,000
- Water Sewer Expense $7,200
- Operating Expense $49,528
- Gross Income $158,940
- Net Operating Income $109,412
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 | $12,887 | $187,983 | $14,720 | $173,263 |
| 2023 | $12,552 | $167,962 | $13,152 | $154,810 |
| 2022 | $11,644 | $153,250 | $12,000 | $141,250 |
| 2021 | $11,518 | $142,677 | $11,172 | $131,505 |
| 2020 | $12,101 | $145,508 | $10,377 | $135,131 |
| 2019 | $11,902 | $135,067 | $9,615 | $125,452 |
| 2018 | $10,769 | $118,262 | $8,894 | $109,368 |
| 2017 | $10,586 | $107,944 | $8,195 | $99,749 |
| 2016 | $10,206 | $96,984 | $8,265 | $88,719 |
| 2015 | -- | $86,798 | $7,107 | $79,691 |
| 2014 | -- | $83,177 | $6,532 | $76,645 |
| 2013 | -- | $85,638 | $6,936 | $78,702 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $1,799,900 | 0.0% | $276 / Sq Ft | |
| 02/28/2026 02/28/26 | Pending | -- | -- | -- | |
| 01/22/2026 01/22/26 | For Sale | $1,799,900 | +130.5% | $276 / Sq Ft | |
| 10/20/2021 10/20/21 | Sold | $780,780 | -8.1% | $120 / Sq Ft | View Prior Sale |
| 09/04/2021 09/04/21 | Pending | -- | -- | -- | |
| 08/17/2021 08/17/21 | For Sale | $850,000 | +150.0% | $130 / Sq Ft | |
| 06/11/2015 06/11/15 | Sold | $340,000 | -14.8% | -- | View Prior Sale |
| 05/04/2015 05/04/15 | Pending | -- | -- | -- | |
| 03/23/2015 03/23/15 | For Sale | $399,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | James M Hamill Jr Ltd | |
| Warranty Deed | $781,000 | Lakeland Title Services | |
| Deed | $340,000 | First American Title | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $585,585 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $340,000 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12552481
APN: 15-15-276-009
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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