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Aurora 60505 Southeast Aurora
533 7th Avenue
$263,000
● House - Off Market

533 7th Avenue

Aurora, IL 60505
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$1,465
Est. Monthly
9.79%
Cap Rate

About This Property

Amazing 2 bedroom 2 full bath brick home with finished basement awaits its new owners. Home features, hardwood floors throughout main level, 2 nice size bedrooms and a full bath. Full finished basement with family room, laundry room, full bath and office area. Plenty of storage in walk in closet and storage room. Make your way outside to the fenced-in concrete patio and detached 1.5 car garage. Recent updates include new concrete patio, awning, fence, roof (approx 5yrs), gutters, central air. freshened sealcoat driveway, siding and trim on garage and fresh paint throughout home. Close to school, restaurant, and shopping. Come take a look.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$250
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1956

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #12211203)

Price History

Date / Event Date Event Price
Feb 19, 2025 Sold
Premium
Sold
Jan 16, 2025 In contract -
In contract
Dec 27, 2024 Relisted $249,900
Relisted
Dec 21, 2024 In contract -
In contract
Dec 7, 2024 Listed by Coldwell Banker Real Estate Group $249,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 980
  • Garage Type: 1
  • Garage Square Area: 396
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,356
  • Gross Building Area: 2,356
  • Building Area: 980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 980
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEAMANS SUB
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • State Land Use Code: 0040
  • Legal Description 1: SEAMANS SUBDN : E 60 FT LOT 2 & N 19.34FT : E 60 FT LOT 3 BLK 1 LOT DIMENSIONS: 60 X 80 APPROX LOT SQ FT 4800 SUBDIVISION: SEC 27&34 N ASHLAND RANGE CODE: 001

Neighborhood

  • School District Name: Aurora East Unit School District 131
  • Census Tract: 854302

Geography

  • Section: 27
  • Parcel: 15-27-451-002
  • Block: 1
  • Lot: 2,3
  • Municipality: AURORA
  • Latitude: 41.7423
  • Longitude: -88.3099

    Address

  • Full Address: 533 7th Ave
  • Address - House Number: 533
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Aurora
  • Carrier Code: C056
  • 4-Digit Zip Code: 5281
  • Zip Code: 60505

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $282,890
  • Tax Rate Code Area: AU021

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 215,807
  • High Value: 245,784
  • Low Value: 185,831

    Market Valuation

  • Market Total Value: $144,757
  • Market Land Value: $13,830
  • Market Improvement Value: $130,927

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,233
  • Assessed Land Value: $4,608
  • Assessed Improvements Value: $43,625

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 29, 1995
  • Current Sale Recording Date: Sep 25, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 95K056541

    Financing

  • First Mortgage Financing Type: VAR
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southeast Aurora

Stats & Trends

Median Asking:

$259,950

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

41

Average Home Size

1284 ft²

Average Home Age

92.3 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1309 Manning Avenue, Montgomery, IL, 60538

$2,495 /mo

  • 3 Beds
  • 2 Baths
  • 1,590 ft²
1309 Manning Avenue, Montgomery, IL, 60538 Listing by Gino Picciola
Unit for rent at 1085 Symphony Drive, Aurora, IL, 60504

$2,399 /mo

  • 3 Beds
  • 1 Bath
  • 1,160 ft²
1085 Symphony Drive, Aurora, IL, 60504 Listing by Anita Saggar

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carrie Jass, Coldwell Banker Real Estate Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12211203
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 533 7th Avenue built and last sold?
The property at 533 7th Avenue was built in 1956 and last sold on Aug 29, 1995 for $86,000.
How much is this home worth?
The estimated value of the home located at 533 7th Avenue is $0.
What are some comparable homes to 533 7th Avenue?
There are currently no comparable homes to 533 7th Avenue.
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