NOT LISTED FOR SALE
37 Beds
23 Baths
-- Sq Ft
9,148 Sq Ft

Last Sold October 06, 2022

Last sale price $5,220,000

10 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Central Heating
  • Kingsley Elementary School Rated A-
  • Storage Room
  • 3-minute walk to Ackerman Park

About This Home

As of October 2022

Attention all discerning investors! Perfect and rare opportunity for sophisticated investors looking to purchase an upgraded and impeccably maintained all brick multi-unit property. This premier property is located in Evanston, with convenient proximity to shops, grocery, parks, Northwestern University and the Edens (I-94). This 19-unit elevator apartment building, including 21 parking spots (12 garage and 9 exterior), features high quality pride of ownership throughout. 100% occupied; every apartment has no less than a 12-mo lease. Seller updated 16 of the 19 kitchens, along with baths within 17 of the 19 apartments (including installing copper piping for hot water), and replaced all unit windows.

Last Agent to Sell the Property

Liz Lassner

@properties Christie's International Real Estate License #475137097 Listed on: 06/27/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $57,043

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 163 x 100
  • Property fronts an alley

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 4-Story Property
  • Elevator
  • Storage Room
  • Laundry Room

Bedrooms and Bathrooms

  • 37 Bedrooms
  • 23 Bathrooms

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 19 Units

Building Details

  • Electric Expense $2,825
  • Fuel Expense $6,944
  • Insurance Expense $4,920
  • Other Expense $2,117
  • Trash Expense $2,436
  • Water Sewer Expense $6,981
  • Operating Expense $121,016
  • Gross Income $422,055
  • Net Operating Income $306,639

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$57,043

Year Built

Built in 1964

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 4
  • Year Built: 1964
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 23
  • Total Bedrooms: 37
  • Possible Use: Multi-Family
  • Basement Description: None
  • Fire Protection: Alarm Monitored,Alarm On Site,Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Elevator/s Passenger,Storage Inside,Laundry Room
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 19
  • Refrigerators: 19
  • Ranges: 19
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Alley Access, Paved
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Patio,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, 220 Volts
  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls,Gas,Radiators,Steam
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2436
  • Water Sewer Expenses: 6981

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 163 X 100
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Security Entrance,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Other
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Fire Alarm,Smoke/Alarm Detector,Sprinkler System,Storage/Locker Area

Multi Family

  • Net Operating Income: 306639
  • Fuel Expense: 6944
  • Insurance Expense: 4920
  • ElectricExpense: 2825
  • GrossIncome: 422055
  • NumberOfUnitsTotal: 19
  • OperatingExpense: 121016
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 57043
  • Tax Year: 2020
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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
10/06/2022 10/06/22 Sold $5,220,000 -5.0% --
07/08/2022 07/08/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $5,495,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $73,171 $440,700 $47,105 $393,595
2024 $73,171 $302,249 $33,056 $269,193
2023 $70,209 $302,249 $33,056 $269,193
2022 $70,209 $302,249 $33,056 $269,193
2021 $57,815 $217,858 $33,056 $184,802
2020 $57,043 $217,858 $33,056 $184,802
2019 $51,044 $217,858 $33,056 $184,802
2018 $42,042 $153,451 $31,816 $121,635
2017 $40,944 $153,451 $31,816 $121,635
2016 $38,834 $153,451 $31,816 $121,635
2015 $33,525 $125,034 $28,924 $96,110
2014 $33,207 $125,034 $28,924 $96,110
2013 $32,443 $125,034 $28,924 $96,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11448282

Midwest Real Estate Data (MRED)
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