Sold

509 N Park Avenue, Aurora, IL 60506

Beds
4
Baths
2
Sqft
1,176
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byRE/MAX of Naperville
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Overview

*** ---There are multiple offers on the table, all substantially over list price. --HIGHEST & BEST DUE SUNDAY, 3/22 At 5pm- - - - Priced below market for quick sale. Investor special. Bring your vision, your contractor, and your imagination. This ranch home is in need of a full renovation and is priced accordingly - Offering a rare opportunity to purchase a property at roughly half the value of what renovated homes in the area are selling for. The home requires significant repairs, including a complete interior overhaul and is being sold strictly, AS-IS. For investors, rehabbers, or ambitious buyers looking to create equity through renovation, the upside here is substantial. The property sits on a residential block surrounded by established homes and offers a classic ranch layout with a full basement and one-car garage. The location adds to the long-term value. The home is situated in Aurora's west side near downtown Aurora, the Fox River corridor, and numerous parks and recreational amenities. Residents enjoy convenient access to the Fox River trails, Phillips Park, and the extensive Fox Valley Park District system, offering miles of walking and biking paths, golf, playgrounds, and outdoor recreation. Commuters benefit from quick access to Interstate 88 and the Aurora Metra station, providing direct rail service to downtown Chicago. Daily conveniences are close by with grocery stores, restaurants, shopping centers, and medical facilities all within a short drive. Downtown Aurora also offers entertainment and cultural attractions including the Paramount Theatre, RiverEdge Park concert venue, Hollywood Casino, and a growing restaurant district. Whether you're an investor looking for your next project, a contractor seeking a high-margin renovation, or a buyer willing to put in the work to build significant equity, this property represents a value opportunity that is becoming increasingly difficult to find in today's market. Serious buyers only. Cash or renovation financing recommended. Property sold strictly AS-IS.

Location

Full feature list

Basic info

Property type
House
Number of bedrooms
4
Number of bathrooms
2
Square feet
1,176
Lot size (acres)
0.20
Year built
1980

Interior features

Basement
Yes, Unfinished

Garage and parking

Garage parking spaces
1

Utilities

Heating
Natural gas
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$6,026

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12592869 Last checked:

Based on information submitted to the MLS GRID as of . 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.