NOT LISTED FOR SALE
4 Beds
3 Baths
-- Sq Ft
2,178 Sq Ft Lot

Last Sold November 09, 2017

Last sale price $225,000

9 Days on Market

Highlights

  • Sun or Florida Room
  • Willard Elementary School Rated A-
  • Ceiling Fan

About This Home

As of November 2017

Turnkey investment property in up-and-coming area of Evanston. 9.7% cap rate, 17.2% cash on cash return with realistic projected rents & expenses.* Entire building just rehabbed. Units ready for tenants to move in. Two 2 bed, 1 bath units with newer kitchen & baths, brand new appliances, new floors / carpet, mostly newer windows. All freshly painted. Laundry in basement as well as "in law" arrangement with 3 rooms & full bathroom.** Separatel utilities. Whole building newly tuck-pointed. Nothing to do but get it rented and start making money. Convenient for high school, grocery store & downtown Evanston. Sought after Willard Elementary school, Haven middle school. *Rents & expenses are projected--seller bought vacant building earlier this year. See Agent Remarks (or ask your agent) for more details. **Neither agent nor owner makes any representations as to the legality of the basement space.

Last Agent to Sell the Property

Christopher Gaggero

@properties Christie's International Real Estate License #475145490 Listed on: 10/04/2017

@properties Christie's International Real Estate

Co-Listed By

George Tully

@properties Christie's International Real Estate License #475162879

Last Buyer's Agent

Mohammed A Khan

Westward360 RM License #475138371

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,174

Year Renovated

  • 2017

Lot Details

  • Lot Dimensions are 40x59

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Sun or Florida Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Willard Elementary School
  • Haven Middle School
  • Evanston Twp High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $30,000
  • Net Operating Income $25,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,174

Year Renovated

2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Sun Room
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 4400

Schools

  • Elementary School: WILLARD ELEMENTARY SCHOOL
  • High School: EVANSTON TWP HIGH SCHOOL
  • Middle/Junior School: HAVEN MIDDLE SCHOOL

Lot Info

  • Lot Dimensions: 40X59
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 25600
  • GrossIncome: 30000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3174
  • Tax Year: 2016
  • Tax Exemptions: None

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2017 11/09/17 Sold $225,000 -1.7% --
10/13/2017 10/13/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $229,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09768539

Midwest Real Estate Data (MRED)