NOT LISTED FOR SALE
2 Beds
1 Bath
700 Sq Ft
1962 Built

Sale Details

Date Sold: October 8, 2025

Last sale price $1,300,000 $1,857 Per Sq Ft

32 Days on Market

Highlights

  • Baseboard Heating
  • Evanston Township High School Rated A+
  • 3-minute walk to Brummel Park

About This Home

As of October 2025

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.

Last Agent to Sell the Property

Charlie Vasbinder

Juniper Real Estate LLC License #471021520 Listed on: 07/31/2025

Last Buyer's Agent

Charlie Vasbinder

Juniper Real Estate LLC License #471021520 Listed on: 07/31/2025

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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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,500

Year Built

Built in 1962

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Standard Status: Closed
  • Stories: 3
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Heat/Ventilation: Baseboard

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 8050 sq ft

Rental Info

  • Board Number: 2

Multi Family

  • Net Operating Income: 96711
  • Fuel Expense: 12703
  • Insurance Expense: 2913
  • GrossIncome: 157920
  • Maintenance Expense: 4250
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 58094
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 23500
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2020
Sold by
Carter Dale and Carter Lavern
Bought by

Purchase Details

Closed on
Jan 9, 2015
Sold by
Deutsche Bank National Trust Company
Bought by
Carter Dale

Purchase Details

Closed on
Mar 14, 2014
Sold by
Spencer Russall Ann
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 28, 2003
Sold by
Spencer Jermaine A
Bought by
Spencer Russall Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.78%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 16, 1998
Sold by
Spencer Jermaine and Duckworth Dawn M
Bought by
Spencer Jermaine

Purchase Details

Closed on
Mar 28, 1997
Sold by
Reich Kevin D and Dotts Tana M
Bought by
Spencer Jermaine and Duckworth Dawn M

Purchase Details

Closed on
Feb 15, 1994
Sold by
Weisgal Lee W and Weisgal Maria C
Bought by
Reich Kevin D and Dotts Tana M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/08/2025 10/08/25 Sold $1,300,000 -13.3% $1,857 / Sq Ft
09/01/2025 09/01/25 Pending -- -- --
07/31/2025 07/31/25 For Sale $1,500,000 -- $2,143 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12434841

Midwest Real Estate Data (MRED)

APN: 11-30-117-021-1010

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