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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 650,000

Est. payment | -/mo

7 Beds

2 Baths

Save

$ 650,000

Est. payment | -/mo

Save

7 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12792487

Bedrooms 7

Maintenance Fees $150

Year Built 1911

Annual Tax Amount $9,991

Tax Year 2025

Lot Dimensions 30 X 100

Property Sub-Type Two to Four Units

Property Description

Excellent Investment Opportunity in Evanston - Income-Producing Two-Unit Property! Attention investors and owner-occupants! This well-maintained two-unit property offers outstanding rental income potential and the flexibility to live in one unit while generating income from the other. Whether you're looking to expand your investment portfolio or reduce your monthly housing expenses, this property presents an excellent opportunity! Unit 1 currently generates $2,889 per month in rental income, while Unit 2 was previously rented for $2,550 per month and has since undergone extensive renovations, offering a great opportunity for new tenants or an owner-occupant. Major recent improvements include updated plumbing, new windows, a roof replaced within the past two years, and gutters approximately two years old. The unfinished basement provides ample storage space, a functional bathroom, and owner-owned coin-operated laundry equipment, creating an additional income opportunity. Tenants are responsible for their own electricity, and water expenses are billed back to tenants, helping minimize operating expenses and maximize investment returns. rental income of $5,439 per month, based on the current rent for Unit 1 and the previous rental rate for Unit 2, with additional income potential from the coin-operated laundry. Ideally situated just around the corner from Evanston Township High School (ETHS), the property offers convenient access to shopping, dining, public transportation, and everything Evanston has to offer. Property is being sold AS-IS. Conventional financing or cash offers only. No FHA financing. No alley access for a garage. Don't miss this opportunity to own a versatile, income-producing property in a desirable Evanston location. Schedule your private showing today!

Location

State IL

County Cook

Area Evanston

Rooms

Basement Unfinished, Full

Interior

Heating Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Dewey Elementary School

Middle Schools Nichols Middle School

High Schools Evanston Twp High School

School District 65 , 65, 202

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Artur Barkan of KOMAR

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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1810 Church ST Evanston, IL 60201