NOT LISTED FOR SALE

2019 Ridge Ave Evanston, IL 60201

Northeast Evanston Neighborhood
6 Beds
2 Baths
-- Sq Ft
1912 Built

Last Sold June 08, 2021

Last sale price $525,000

9 Days on Market

Highlights

  • 2 Car Detached Garage
  • 4-minute walk to Foster Station
  • 1-minute walk to Hobart Park
  • Dewey Elementary School Rated A
  • Heating System Uses Steam

About This Home

As of June 2021

Rare income opportunity two-unit house close to Northwestern campus in Evanston. This property is yielding a 7% cap rate at the asking price. A short 10-minute walk to the Northwestern campus, the owner has consistently rented to Northwestern students for 15 years. The property is currently rented until September of 2021. Current tenants are willing to extend the lease for another year. Keep it as an investment property or convert it to a single-family home. You can increase rent with some minor updates. Currently rented for $4,600/month ($2,300 per unit). Tenants pay for all utilities. The first floor has 2 large bedrooms, 1 bath, and a sunroom/office. The second floor offers 4 bedrooms and 1 bath. Laundry located in the basement. 2 car garage. Low maintenance as this out-of-state owner has managed this property with a handyman for over 15 years. Great location close to downtown Evanston, Northwestern campus, Lake Michigan, Metra, and Foster St. Purple Line. This home is sold AS-IS.

Last Listed By

Lance Kirshner

Compass License #475124478 Listed on: 03/11/2021

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,888

Year Built

  • Built in 1912

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 40 x 140

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,100
  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,888

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 525000
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Heating: Natural Gas, Steam
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 2500

Schools

  • Elementary School: Orrington Elementary School
  • High School: Evanston Twp High School
  • Middle/Junior School: Haven Middle School
  • Middle/Junior School District: 65

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40 X 140
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Insurance Expense: 1100
  • GrossIncome: 55200
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 13887.94
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

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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 Change Sq Ft Price
06/08/2021 06/08/21 Sold $525,000 0.0% --
03/18/2021 03/18/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $525,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lance Kirshner

    Seller's Agent in 2021

    Lance Kirshner

    Compass

    (773) 578-8080

    1 in this area

    515 Total Sales

    Lance Kirshner
    Section Image
  • Cristina Tu

    Seller Co-Listing Agent in 2021

    Cristina Tu

    Compass

    (773) 536-9720

    1 in this area

    47 Total Sales

    Cristina Tu
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD11006959

Midwest Real Estate Data (MRED)

Illinois Cook County Evanston 60201 Northeast Evanston

2019 Ridge Ave, Evanston, IL

Homes for Sale in Evanston, IL

This home is located at 2019 Ridge Ave, Evanston, IL 60201 since 11 March 2021. This property was built in 1912. 2019 Ridge Ave is a home located in Cook County with nearby schools including Dewey Elementary School, Washington Elementary School, and Nichols Middle School.

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