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About This Home

This 15-bedroom, 14-bathroom residential multi family at 304 Hankes Avenue in Aurora, IL is listed for $1,799,900. Built in 1931, on a 0.33 acres lot.

Agent Description

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.

Key Features

  • Built in 1931
  • 0.33 acre lot
  • 3 stories

Property Details

3 stories
14 full
1931

Monthly Cost Estimate

$9,626/mo

20% down · 6.5% · 30 years

Principal$1,302
Interest$7,800
Insurance$525

Estimates only. Actual payments may vary.

Location

304 Hankes Avenue

Aurora, IL 60505

Property Details

Construction

Wood Frame

Cooling

Exhaust Fan (Cooling)Heat Pump

Questions & Answers

This 15-bedroom, 14-bathroom residential multi family at 304 Hankes Avenue is listed at $1,799,900. The estimated monthly payment is $7,800 based on 20% down at 6.5% interest.

Key features include: Built in 1931, 0.33 acre lot, 3 stories.

This property is listed by Venkat Chatakondu and can be reached at (847) 454-7739 or chatakondu@gmail.com.

VC

Venkat Chatakondu

Agent at Sohum Realty, Inc.

(847) 454-7739

Listed by Sohum Realty, Inc. · View on Broker Site

MLS# 12552481· Source: listhub· Updated 130 days ago

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

304 Hankes Avenue, Aurora, IL 60505

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