See all 41 photos
41 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$650,000
Est. payment /mo
7 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi 2-4 Units
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
Read Less Info
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Artur Barkan of KOMAR
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION