Seller's Agent in 2025
Tony Liu
YOUMU VENTURES LLC
(312) 285-2082
2 in this area
20 Total Sales
2147 Ridge Ave Unit 3D Evanston, IL 60201
Northeast Evanston Neighborhood
4
Beds
2
Baths
--
Sq Ft
$485/mo
HOA Fee
Highlights
- 1 Car Attached Garage
- 4-minute walk to Noyes Station
- Laundry Room
- Orrington Elementary School Rated A
- Living Room
- 3-minute walk to Tallmadge Park
About This Home
As of February 2025This spacious top-floor 4-bedroom, 2-bath unit is located in a Northwestern University "student apartment" building, just a 13-minute walk from campus. Nestled on a peaceful and quiet street, it's highly popular with a range of tenants, including Northwestern students, faculty, staff, and other young professionals. The property is only 0.5 miles (a 10-minute walk) from the Purple Line's Noyes Station, with convenient access to local amenities including convenience stores, restaurants, and banks. A park is just a 3-minute walk away. Recently renovated in 2023, the unit is currently fully leased to Northwestern students, all of whom are on their second-year leases until 08/31/25. The annual rental income is 38,400 (parking not included). After deducting property taxes, insurance, and the HOA, the unit achieves a 7.5+ cap rate. With a 10-year equity multiple of 3.3X, an annual return rate of 22.97/100, and a projected cash-on-cash return of over 10/100 by year three, this is an ideal investment. The current owner has held the property for nearly 20 years, benefiting from stable and lucrative returns.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,982
Year Built
- Built in 1957 | Remodeled in 2023
HOA Fees
- $485 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Heated Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Family Room
- Living Room
- Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Full Bathrooms
Schools
- Orrington Elementary School
- Haven Middle School
- Evanston Twp High School
Utilities
- Heating System Uses Natural Gas
Community Details
Overview
- Association fees include water, insurance, snow removal
- 12 Units
- Sarah Carpenter Association, Phone Number (773) 913-2569
- Property managed by Connected Property Management
Pet Policy
- Pets up to 100 lbs
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 6, 2024
Closed on
Feb 5, 2025
Sold by
Cl Realty And Management Llc
Bought by
Ge Qing and Zhu Hanning
Seller's Agent
Tony Liu
YOUMU VENTURES LLC
Buyer's Agent
Tony Liu
YOUMU VENTURES LLC
List Price
$365,000
Sold Price
$415,000
Premium/Discount to List
$50,000
13.7%
Views
58
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,479
Avg. Annual Appreciation
2.62%
Original Mortgage
$207,500
Outstanding Balance
$206,464
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$215,019
Purchase Details
Closed on
Oct 31, 2014
Sold by
Chao Randal
Bought by
Cl Realty & Management Llc
Purchase Details
Closed on
Jul 13, 2006
Sold by
East Ridge Condominium Llc
Bought by
Chao Randal
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $415,000 | Chicago Title | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $335,000 | Ticor Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $207,500 | New Conventional | |
| Previous Owner | $265,000 | Unknown | |
| Previous Owner | $268,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | Sold | $415,000 | +13.7% | -- |
| 11/19/2024 11/19/24 | Pending | -- | -- | -- |
| 11/06/2024 11/06/24 | For Sale | $365,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $5,982 | $24,708 | $2,186 | $22,522 |
| 2023 | $5,739 | $24,708 | $2,186 | $22,522 |
| 2022 | $5,739 | $24,708 | $2,186 | $22,522 |
| 2021 | $5,308 | $20,000 | $1,443 | $18,557 |
| 2020 | $5,237 | $20,000 | $1,443 | $18,557 |
| 2019 | $5,125 | $21,873 | $1,443 | $20,430 |
| 2018 | $5,310 | $19,383 | $1,224 | $18,159 |
| 2017 | $5,172 | $19,383 | $1,224 | $18,159 |
| 2016 | $4,905 | $19,383 | $1,224 | $18,159 |
| 2015 | $7,127 | $26,579 | $1,049 | $25,530 |
| 2014 | $6,377 | $26,579 | $1,049 | $25,530 |
| 2013 | $6,214 | $26,579 | $1,049 | $25,530 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Liu
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12204718
APN: 11-07-119-045-1012
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