168 S Lincoln Avenue, Aurora, IL 60505

Active · For Sale · Multi Family 5+

$550,000

168 S Lincoln Avenue, Aurora, IL 60505

Units
6
Price / Unit
$91,667
Est. Cap Rate
11.46%
Est. GRM
7.36

Property Overview

ATTENTION MULTI-FAMILY INVESTORS! REMODELED, 6-UNIT IN A GREAT LOCATION!!! ***New Roof just installed 10/2025*** Great opportunity to invest in a multi-unit building near all of what downtown Aurora has to offer!! Desirable location as it is walking distance to stores, restaurants, Paramount Theater, Hollywood Casino, parks, trails, and so much more! Cash flow is excellent with significant remaining upside through value-addition. Tenants pay all utilities. Units have been updated, and the property is fully leased aside from two for showing purposes! Three-car garage and additional parking in back for each unit! Freshly painted exterior and entryway. A new off-street asphalt parking lot has recently been completed. Hurry and schedule your showing! Units 2 and 6 will be shown on the initial visit, and all units will be available for showings during the due diligence period. The owner can have the two units rented quickly at the pro forma price for financing purposes.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$74,760
Reported Annual Expenses
$11,745
Estimated NOI
$63,015
Estimated Cap Rate
11.46%
Estimated GRM
7.36
Annual Taxes
$8,231 (2025)

Property Details

Units
6
Building Size
3,800 SF
Lot Size
13,503 SF
Lot Acreage
0.31
Lot Dimensions
80X165X81X177
Stories
2
Year Built
1900
Building Age
Older
Construction
Cedar
Roof
Composition
Zoning
MULTI
Parcel Number
1527129007

Operations & Utilities

Heating
Hot Water
Cooling
None
Tenant Pays
Electricity, Heat, Sewer
Electric
Circuit Breakers, Separate Meters
Possession
Closing

Location & Use

County
Kane
Market Area
Aurora / Eola
Township
Aurora
Present Use
Multi-Family
Potential Use
Multi-Family
Location
In City Limits
Frontage
City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.