NOT LISTED FOR SALE

551 Ashland Ave Aurora, IL 60505

Southeast Aurora Neighborhood

Estimated Value: $371,000 - $620,000

6 Beds
6 Baths
-- Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: June 11, 2019

Last sale price $367,500 $0 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,408 / mo

10 Days on Market

About This Home

As of June 2019

Property is being sold with it's adjoining property 549 Ashland Ave. Properties must be sold together as a package. Each building contains six 1 bedroom units. Together they combine to offer 12 large 1 bedroom units. All 6 units at this property in 2015. New roof also in 2015. This is a great opportunity to acquire 12 cash flowing units at an aggressive price.

Last Agent to Sell the Property

Jessica Jafari

Abode Real Estate Group License #471020626 Listed on: 03/24/2019

Last Buyer's Agent

Deshna Shah

Real People Realty License #475183195

Real People Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 2,178

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $3,500

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat, hot water

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 11156
  • Repairs Decor Expense: 1400
  • Scavenger Expense: 1100
  • Total Annual Exp: 11447
  • Total Annual Income: 60900
  • Total Monthly Income: 5075
  • Number Of Stories: 3
  • Estimated Year Built: 1972
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1972

Exterior Features

  • Acreage: 0.05

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Electric
  • Water Expense: 1995

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 1300

Lot Info

  • Lot Dimensions: 21X100
  • Lot Sq Ft: 2156
  • Parcel Identification Number: 1534206014

Rental Info

  • Gross Rental Income: 60900
  • Tenant Pays: Air Conditioning, Electric, Heat, Hot Water

Multi Family

  • Expense Year: 2017
  • Insurance Expense: 3500

Tax Info

  • Taxes: 9346

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2024
Sold by
Bought by
Current Estimated Value
$476,559

Purchase Details

Closed on
Jun 28, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,515,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2019
Closed on
Jun 11, 2019
Sold by
Bought by
Seller's Agent
Jessica Jafari
Abode Real Estate Group
Buyer's Agent
Deshna Shah
Real People Realty
List Price
$382,500
Sold Price
$367,500
Premium/Discount to List
-$15,000
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.71%
Original Mortgage
$551,250
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2009
Sold by
Bought by

Purchase Details

Closed on
Feb 4, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.12%

Purchase Details

Closed on
May 17, 2002
Sold by
Bought by

Purchase Details

Closed on
May 22, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
7.07%

Purchase Details

Closed on
Jun 25, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.92%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,010,000 First American Title
$735,000 Fidelity National Title Ins
$165,000 None Available
-- None Available
-- --
$285,000 --
-- --
-- Chicago Title Insurance Co
$185,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,515,000
Previous Owner $551,250
Previous Owner $480,000
Previous Owner $177,000
Previous Owner $400,000
Previous Owner $3,057,919
Previous Owner $234,000
Previous Owner $228,000
Previous Owner $338,000
Previous Owner $166,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/11/2019 06/11/19 Sold $367,500 -3.9% --
04/03/2019 04/03/19 Pending -- -- --
03/24/2019 03/24/19 For Sale $382,500 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,735 $104,969 $6,629 $98,340
2023 $7,009 $93,789 $5,923 $87,866
2022 $6,502 $85,574 $5,404 $80,170
2021 $6,432 $79,670 $5,031 $74,639
2020 $6,154 $74,001 $4,673 $69,328
2019 $6,042 $68,564 $4,330 $64,234
2018 $6,267 $68,821 $4,005 $64,816
2017 $9,346 $95,300 $3,690 $91,610
2016 $9,231 $87,719 $3,163 $84,556
2015 -- $78,672 $2,720 $75,952
2014 -- $72,526 $2,521 $70,005
2013 -- $71,417 $2,409 $69,008
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jessica Jafari

    Abode Real Estate Group

    (312) 722-6773

    3 Total Sales

    Jessica Jafari
    Section Image
  • Deshna Shah

    Buyer's Agent in 2019

    Deshna Shah

    Real People Realty

    (630) 809-2650

    6 Total Sales

    Deshna Shah
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10318779

Midwest Real Estate Data (MRED)

APN: 15-34-206-014

Illinois Kane County Aurora 60505 Southeast Aurora

551 Ashland Ave, Aurora, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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