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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 

Mixed-Income Apartments Come Up for Sale in Aurora

Kiser Group has listed for sale 2000 Illinois in Aurora, IL.  The 128-unit, five-story property is listed for $10.4 million, and represented by Kiser Group’s Matt Halper and Danny Mantis.

“With historically high-occupancy and strong cash flow, we expect strong investor interest,” said Halper. “There is an opportunity to increase rents with the current condition of the units, and to reconfigure areas of the property to add amenities that complement the pool and courtyard.  An ideal investor will have familiarity with affordable housing, since 32 of the units are income restricted to 60% AMI.”

The property  features 104 one-bedroom units, 24 two-bedroom, 150 surface parking spaces and 52 covered parking spaces. An outdoor pool and sundeck are also available for the comfort of residents.

Currently more than 97% occupied, 2000 Illinois was originally constructed in 1973 and has seen substantial physical improvements under current ownership.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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