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580 Indiana Avenue, 
Aurora, IN 47001

$259,900

—

Bed

—

Bath

2,607

Sq Ft

Multi-Family

Active

Listed by

Kristy Theobald

Lohmiller Real Estate

Last updated:

May 28, 2026, 06:49 PM

MLS#

207542

Source:

IN SEIBR

About This Home

580 Indiana Avenue

Investor opportunity! 3 Unit Property located at 580 Indiana Ave, Aurora, In. This well maintained triplex offers stable rental income, strong rental history with long term tenants and all modern updates make this an excellent addition to any investor's portfolio. One 2 bedroom/1 bath unit is currently vacant. Two 1 bedroom/1 bath units are secured by leases through September and October 2026. Potential gross monthly income $2590 monthly or $31,080 annually. Tenants pay utilities, the landlord pays water and trash (approx $100 mo). Capital improvements include new roof, gutters, new windows, 3 high efficiency gas furnaces, 2 new central air units and new 3 zone heat and AC split system. Unit 1 has been completely gutted and updated. The basement has extensive foundation repairs including new I-beam, replaced basement entry wall and all new electric , plumbing and gas lines. For a list of all capital improvements, see attached documents. Cash or Conventional Only.

Home Facts

Multi-Family

Built in 1940

Price Summary

259,900

$99 per Sq. Ft.

MLS #:

207542

Last Updated:

May 28, 2026, 06:49 PM

Added:

6 day(s) ago

Rooms & Interior

Interior

Living Area:

2,607 Sq. Ft.

Structure

Structure

Architectural Style:

Cape Cod

Building Area:

2,607 Sq. Ft.

Year Built:

1940

Lot

Lot Size (Sq. Ft):

8,712

Finances & Disclosures

Finances

Price:

$259,900

Price per Sq. Ft:

$99 per Sq. Ft.

Source:IN SEIBR
Information provided in part by SE Indiana MLS. Information deemed reliable but not guaranteed accurate by the MLS. Information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.