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  • $195,500

    509 N Park Ave, Aurora, IL 60506

    4beds
    1,176sqft
    Single Family Residence
    Built in 1980
    8,712 Square Feet Lot
    $197,300 Zestimate®
    $166/sqft
    $2,566 Estimated rent

    Home value

    $197,300

    $178,000 - $219,000

    $2,566/mo

    Zestimate® history
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    What's special

    Classic ranch layoutRanch homeFull basementOne-car garage
    *** ---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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Bernard Cobb 630-420-1220,

    RE/MAX of Naperville

    Bought with:

    Marisol Camargo

    Eden Properties Real Estate Group LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12592869MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: No additional rooms
    Primary bedroom
    • Features: Bathroom (Full)
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13X11
    Bedroom 2
    • Level: Main
    • Area: 110 Square Feet
    • Dimensions: 11X10
    Bedroom 3
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 10X12
    Bedroom 4
    • Level: Main
    • Area: 110 Square Feet
    • Dimensions: 10X11
    Kitchen
    • Features: Kitchen (Eating Area-Table Space), Flooring (Vinyl)
    • Level: Main
    • Area: 195 Square Feet
    • Dimensions: 13X15
    Living room
    • Level: Main
    • Area: 195 Square Feet
    • Dimensions: 13X15
    Heating
    • Natural Gas
    Cooling
    • None
    Features
    • Basement: Unfinished,Full
    • Attic: Unfinished
    Interior area
    • Total structure area: 2,352
    • Total interior livable area: 1,176 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Concrete, Yes, Garage Owned, Attached, Garage
    • Attached garage spaces: 1
    Accessibility
    • Accessibility features: No Disability Access
    Features
    • Stories: 1
    Lot
    • Size: 8,712 Square Feet
    • Dimensions: 64x136
    Details
    • Parcel number: 1516204039
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick, Cedar
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
    HOA
    • Services included: None
    Location
    • Region: Aurora

    Financial & listing details

    • Price per square foot: $166/sqft
    • Tax assessed value: $228,327
    • Annual tax amount: $6,026
    • Date on market: 3/15/2026
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    4/20/2026Sold$195,500+22.3%$166/sqft
    Source: MRED as distributed by MLS GRID #12592869 Report a problem
    3/24/2026Contingent$159,900$136/sqft
    Source: MRED as distributed by MLS GRID #12592869 Report a problem
    3/15/2026Listed for sale$159,900$136/sqft
    Source: MRED as distributed by MLS GRID #12592869 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,026 +3.5%$76,109 +11.9%
    2023$5,825 +6.1%$68,003 +9.6%
    2022$5,492 +4.1%$62,047 +7.4%
    2021$5,278 +5.1%$57,767 +7.7%
    2020$5,023 -1.3%$53,657 +3.1%
    2019$5,091 +5.7%$52,059 +7.9%
    2018$4,815 +7.9%$48,232 +11.3%
    2017$4,462 +8.6%$43,354 +12.1%
    2016$4,109 $38,679 +8.7%
    2015-- $35,588 +8.4%
    2014-- $32,840 -2.2%
    2013-- $33,572 -8.4%
    2012-- $36,643 -15.6%
    2011-- $43,399 -7.8%
    2010-- $47,080 -6.5%
    2009-- $50,373 -7.2%
    2008-- $54,275 -16.3%
    2007-- $64,849 +6.6%
    2006-- $60,822 +7.6%
    2005-- $56,552 +6.7%
    2004-- $52,991 +7.3%
    2003-- $49,399 +12.7%
    2002-- $43,848 +8.6%
    2001-- $40,387 +6.6%
    2000-- $37,890
    Find assessor info on the county website

    Neighborhood: 60506

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hill Elementary School
    • Middle: Herget Middle School
    • High: West Aurora High School
    • District: 129

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $197,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $197,300