102 N Ohio St, Aurora, IL, 60505

About This Home

Mixed-use investment opportunity offering strong in-place residential income with additional upside potential. The property consists of two residential units and one ground-floor commercial space. Both residential units are currently leased, providing stable cash flow. Current rents include a 3-bedroom unit at $1,850/month and a 1-bedroom unit at $1,525/month, generating total residential income of $40,500 annually. The commercial unit is currently vacant and presents an opportunity for additional income. The commercial space is lease-ready with a minor ADA accessibility improvement estimated between $10,000–$15,000. Based on market conditions, projected rent for the commercial unit is approximately $1,000–$1,200 per month. Annual expenses are approximately $3,400 for property taxes and $4,000 for insurance. Net operating income based on current residential income is approximately $33,100 per year, with potential to increase to approximately $45,000–$47,500 annually once the commercial space is leased. Ideal for investors seeking a mixed-use property with existing income and value-add potential through lease-up of the commercial unit.