Aurora IL Multi Family

[Gabriel Tuck]

Investing in Aurora, IL historic district 60505. True 3 unit with 3bed 2bath each.

Can anyone share some information on the area. Tips, best practices, things to note etc.

I would also love to connect with fellow investors as well.

[Man Le]

Originally posted by @Tony H.:

 @Gabriel Tuck I have about 12 rentals in Aurora IL. Sorry to be negative but owning in Aurora can be a pain.  And I would never buy in historic district unless it was a cash cow.  The area you are buying in is class D.  Be sure that the property does not have any citations with the city and is licensed.  I'm sure it is licensed as the inspectors are everywhere, except the past year during Covid.  The inspections can be a pain, the city does not like rentals.  If you screen really really well there are good people you can get to live in that area but they just don't make a lot of money.  

Tony, you've brought up a concern I've had and I've been investing in Aurora but focusing on the Naperville/Aurora border with good school district, district 204 and I had 6 townhomes along Eola Rd, I've had good tenants in the last 8 yrs, of course I screened them big time and never had any issues with tenants so far. 

I'd like to expand my portfolio and would like to get in the multi family rental properties and this move will shift the demographic to downtown Aurora which make me concern about the tenants and exactly what you've brought up, which other areas you'd think multi family property had better potential tenants besides downtown Aurora ?