209 Ridge Ave Evanston, IL 60202
Howard Street NeighborhoodEstimated payment $10,068/month
Highlights
- Baseboard Heating
- Chute Middle School Rated 9+
- 2-minute walk to Brummel Park
About This Home
Kiser Group is pleased to exclusively offer for purchase 209 Ridge Ave, a well-maintained 10-unit apartment building ideally situated in the highly desirable community of Evanston, IL. Located just 14 miles north of downtown Chicago, Evanston is celebrated for its picturesque Lake Michigan shoreline, diverse cultural attractions, excellent public and private schools, and the prestigious presence of Northwestern University. This vibrant city offers an unparalleled quality of life, combining urban amenities with a welcoming, tree-lined residential atmosphere. Nestled on an attractive tree-lined street in a prime Evanston location, 209 Ridge Ave features a practical unit mix of four (4) spacious 2BD/1BA apartments and six (6) well-appointed 1BD/1BA apartments. The property showcases a blend of classic Evanston character and thoughtful updates. Units boast desirable features such as original hardwood floors, ample natural light, and functional layouts. Residents benefit from shared laundry facilities on-site, and convenient street parking. The property's consistent maintenance is evident, offering a stable asset for investors. 209 Ridge Ave presents a compelling investment opportunity to acquire a cash-flowing asset in Evanston's consistently strong rental market. Its prime location offers excellent walkability to local amenities, public transportation (including Metra and CTA lines), and the vibrant downtown Evanston area, ensuring enduring tenant appeal. With Evanston's robust demand for quality rental housing and its history of appreciating property values, a purchaser can significantly increase returns through improved leasing strategies and proactive management initiatives.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,500
Year Built
- Built in 1962
Home Design
- Garden Apartment
Additional Features
- 3-Story Property
- Additional Parcels
- Baseboard Heating
Community Details
Overview
- 10 Units
Building Details
- Fuel Expense $12,703
- Insurance Expense $2,913
- Maintenance Expense $4,250
- Operating Expense $58,094
- Gross Income $157,920
- Net Operating Income $96,711
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $3,233 | $13,742 | $1,438 | $12,304 |
| 2022 | $3,233 | $13,742 | $1,438 | $12,304 |
| 2021 | $2,315 | $8,607 | $764 | $7,843 |
| 2020 | $1,460 | $8,607 | $764 | $7,843 |
| 2019 | $1,465 | $9,603 | $764 | $8,839 |
| 2018 | $545 | $5,399 | $629 | $4,770 |
| 2017 | $547 | $5,399 | $629 | $4,770 |
| 2016 | $991 | $6,365 | $629 | $5,736 |
| 2015 | $1,772 | $9,140 | $943 | $8,197 |
| 2014 | $1,770 | $9,140 | $943 | $8,197 |
| 2013 | $1,713 | $9,140 | $943 | $8,197 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2025 09/01/25 | Pending | -- | -- | -- |
| 07/31/2025 07/31/25 | For Sale | $1,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $136,500 | Attorney | |
| Special Warranty Deed | $32,000 | None Available | |
| Sheriffs Deed | -- | None Available | |
| Interfamily Deed Transfer | $120,000 | Stewart Title | |
| Interfamily Deed Transfer | $120,000 | Stewart Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $69,000 | Attorneys Natl Title Network | |
| Warranty Deed | $45,000 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $146,200 | Unknown | |
| Previous Owner | $85,000 | Unknown | |
| Previous Owner | $66,900 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12434841
APN: 11-30-117-021-1010
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