Evanston, IL 60201,Address not disclosed
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Evanston, IL 60201,Address not disclosed
Evanston, IL 60201,Address not disclosed
Evanston, IL 60201,Address not disclosed
Evanston, IL 60201,Address not disclosed

$1,450,000

Est. payment /mo

$1,525,000

4.9%
Est.Price: ?

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Address not disclosed Evanston, IL 60201

9,583 Sqft Lot

SOLD DATE : 11/15/2024

Key Details

Sold Price $1,450,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12066603

Sold Date 11/15/24

Year Built 1962

Annual Tax Amount $27,060

Tax Year 2023

Lot Size 9,583 Sqft

Lot Dimensions 82' X 118.1'

Property Description

This California-style, multi-family building is comprised of 14 one-bedroom units with individual, exterior doors for each unit. The Gross Scheduled Income is about $188,000 per year and a 6.3% CAP Rate. Excellent value-add opportunity: new owner can upgrade the heating system, roof, individual units, and management to create short-term and long-term gains. ------ Seller had supply-line risers, ground-level horizontals, and mechnical room hot/cold lines replaced with new copper in 2022. The common utility area contain the older gas-boiler, 9 year-old water heater, individual electric meters, storage lockers, and management-owned coin-operated washers and dryers. There are at least 11 parking spaces, but there is enough room to improve the parking ratio to 1:1. Ask Listing Agent for the latest roof information. ------ Buyers and buyer's reps will be required to complete and sign a short questionnaire and confidentiality agreement to gain access to more details, interior photographs, and in-person showings. ------ Showings will be available on July 10th from 3-4PM. Please contact agent by email to register for access.

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Wall Sleeve

Fireplace N

Exterior

Utilities Available Sanitary Sewer, Water-Municipal, Water to Site

View Y/N true

Roof Type Membrane

Building

Foundation Concrete Perimeter

Structure Type Brick

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Nicole Van Haverbeke

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Listed by Robert Parris • Manchester Realty
Bought with Non Member • NON MEMBER
agent

Nicole Van Haverbeke

Advisor | License ID: 475.159223

+1(312) 608-1254

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