Investor opportunity! Fully occupied 3 family property located at 580 Indiana Ave, Aurora, In. This well maintained triplex offers stable rent income with all leases secured through 2026. Property features a 2 bed/1 bath unit and two- 1 bed/1 bath units. Tenants pay utilities. Landlord pays water and trash (aprox $100 mo). Strong rental history, long term tenants, all modern updates make this an excellent addition to any investors portfolio. Capital improvements include: new roof, gutters, new windows, high efficiency gas furnace, central air, new water heaters. All capital improvements listed in attached documents.
For sale
$249,900
580 Indiana Ave, Aurora, IN 47001
--beds
0baths
2,607sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$96/sqft
$-- HOA
What's special
Central airHigh efficiency gas furnaceNew windowsNew roofNew water heaters
- 59 days |
- 329 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: October 21, 2025 at 01:42pm
Listed by:
Kristy Theobald,
Lohmiller Real Estate
Source: SEIBR,MLS#: 206168
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Oven/Range, Refrigerator
- Laundry: In Unit
Features
- Windows: Insulated Windows, Vinyl
- Basement: Partial
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,507
- Total interior livable area: 2,607 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Off Street, No Garage, Gravel
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
- Frontage length: 0
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 151206201014000003
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cape Cod
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Built-Up,Shingle
Condition
- Year built: 1940
Utilities & green energy
- Gas: Natural
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Radds Add
Location
- Region: Aurora
Financial & listing details
- Price per square foot: $96/sqft
- Tax assessed value: $100,800
- Annual tax amount: $2,122
- Date on market: 10/17/2025
- Total actual rent: 0
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,076/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Listed for sale | $249,900+233.6%$96/sqft |
Source: SEIBR #206168 Report a problem | ||
| 10/11/2024 | Listing removed | $750 |
Source: Zillow Rentals Report a problem | ||
| 9/18/2024 | Listed for rent | $750+15.4% |
Source: Zillow Rentals Report a problem | ||
| 10/31/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/22/2021 | Listed for rent | $650 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,984 +7.7% | $100,800 +7.3% |
| 2023 | $1,842 +7.5% | $93,900 +8.2% |
| 2022 | $1,714 +41% | $86,800 +8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,492/mo
Principal & interest
$1247
Property taxes
$158
Home insurance
$87
Climate risks
Neighborhood: 47001
Nearby schools
GreatSchools rating
- 4/10Aurora Elementary SchoolGrades: PK-6Distance: 1.4 mi
- 6/10South Dearborn Middle SchoolGrades: 7-8Distance: 1.3 mi
- 2/10South Dearborn High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Aurora Elementary
- High: South Dearborn High
- District: South Dearborn
Source: SEIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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