422 Grand Avenue

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422 Grand Avenue

Aurora, IL 60506
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Aurora, Illinois.
  • Property is situated at the address 422 Grand Avenue.
  • Located within the growing and accessible Chicago metropolitan region.
  • Asset provides direct utility for residential rental investment portfolios.
  • Well-positioned to capture demand within the local suburban submarket.

What's Special

Aurora serves as a vital economic hub within the Chicago metropolitan area, characterized by its steady population growth and proximity to major regional transportation corridors. This multifamily asset located at 422 Grand Avenue sits within a well-established residential submarket, offering direct access to the amenities and transit options that define this growing suburb. The property functions as an apartment building, providing a functional footprint for investors seeking to build or maintain a residential rental portfolio. Given the ongoing demand for workforce and market-rate housing in the Fox River Valley region, this building presents a clear utility for long-term hold strategies. The site layout supports traditional rental operations, appealing to residents who prioritize regional connectivity and access to local commerce. Whether targeting commuters or long-term local tenants, the asset remains positioned to serve the diverse housing needs prevalent in the Aurora market. Continued interest in this submarket underscores its role as a key residential component of the greater Chicago area landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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