NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: April 15, 2025

Last sale price $2,350,000

62 Days on Market

Highlights

  • Courtyard
  • Hot Water Heating System
  • 5-minute walk to Ackerman Park
  • Willard Elementary School Rated A-

About This Home

As of April 2025

The well-maintained, charming, vintage building offers 10 (1 bed/1 bath) and 4 (2 bed/1.5 bath), a common laundry and unusually large individual storage units in the basement. The mechanicals and roof are in good shape (boiler - 2014). Newer three-story windows in the entryways bring a flood of light into the common stairways. Ten parking spaces, rented at an additional cost, are available right outside the building. Rent includes heat and hot water. Tenants are responsible for electric, window air conditioners, WiFi and cable. This multifamily apartment investment opportunity is located on beautiful tree-lined Central Street in Evanston, Illinois. It is a very walkable neighborhood with a small town feel and one of a kind retail shops, restaurants, and coffee shops. It is within walking distance to the new Northwestern University athletic and event venue or a bike ride or quick drive to college classes. Evanston public transportation is outside the door and will take you to the NW campus, downtown Evanston, the lakefront or Old Orchard. The nearby Metra will get you to Chicago and the 94 Expressway is minutes away. There is a vacant, landscaped lot to the north of the property which will provide future investment opportunity. units. Property Highlights: - Never sold on the market - All units currently rented - Boiler replaced in 2014 - 10 of 14 units have updated kitchen/baths within 4 years - Recent 3 story windows in entrance foyers - 10 - 1 Bedrooms 850 sq/ft w/living & dining rooms - 4 - 2 Bedroom/1.5 baths 1000 sq/ft w/living & dining rooms - 10 parking spaces provide additional rental income - Storage spaces large enough to accommodate bicycles - The additional landscaped lot is gently enjoyed by the tenants and would provide a generous space for a communal garden and/or patio area, if not sold or used for additional units.

Last Agent to Sell the Property

Mary Von Mandel

Berkshire Hathaway HomeServices Chicago Listed on: 09/05/2024

Co-Listed By

Rich Divito

Berkshire Hathaway HomeServices Chicago License #475126553

Last Buyer's Agent

Luke Wojcik

Triton Realty Group LLC License #475139979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,836

Year Built

  • Built in 1956

Lot Details

  • 13,800 Sq Ft Lot
  • Lot Dimensions are 95 x 146

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Utilities

  • No Cooling
  • Hot Water Heating System

Additional Features

  • 3-Story Property
  • Courtyard

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 14 Units

Building Details

  • Electric Expense $3,208
  • Fuel Expense $11,445
  • Insurance Expense $8,945
  • Other Expense $1,000
  • Trash Expense $4,095
  • Water Sewer Expense $25,653
  • Operating Expense $94,422
  • Gross Income $252,000
  • Net Operating Income $155,778

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,836

Year Built

Built in 1956

Lot Details

0.32 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Courtyard
  • Stories: 3
  • Year Built: 1956
  • 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

  • Fire Protection: Alarm On Site,Carbon Monoxide Detector(s)
  • Refrigerators: 14
  • Ranges: 14
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof Structure: Flat
  • Misc Outside: Courtyard,Enclosed Stairs

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Electric: Fuses
  • Heat/Ventilation: Hot Water

Fee Information

  • Trash Expense: 4095
  • Water Sewer Expenses: 25653

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 95 X 146
  • Lot Size Sq Ft: 13800
  • Alternate Phone Number: (733) 230-0907

Rental Info

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

Multi Family

  • Net Operating Income: 155778
  • Fuel Expense: 11445
  • Insurance Expense: 8945
  • ElectricExpense: 3208
  • GrossIncome: 252000
  • NumberOfUnitsTotal: 14
  • OperatingExpense: 94422
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 29836
  • Tax Year: 2022

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

Listed on
Sep 5, 2024
Closed on
Apr 9, 2025
Sold by
Bought by
Seller's Agent
Mary Von Mandel
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Luke Wojcik
Triton Realty Group LLC
List Price
$2,750,000
Sold Price
$2,350,000
Premium/Discount to List
-$400,000
-14.55%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
0.0663%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2015
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$2,350,000 None Listed On Document
-- Chicago Title Land Trust Co
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,680,000
Source: Public Records

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
04/15/2025 04/15/25 Sold $2,350,000 -14.5% --
11/06/2024 11/06/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $2,750,000 -- --
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
2025 $31,094 $180,000 $37,260 $142,740
2024 $31,094 $128,444 $27,600 $100,844
2023 $29,836 $128,444 $27,600 $100,844
2022 $29,836 $128,444 $27,600 $100,844
2021 $29,389 $110,745 $27,600 $83,145
2020 $28,997 $110,745 $27,600 $83,145
2019 $25,948 $110,745 $27,600 $83,145
2018 $22,018 $80,366 $26,565 $53,801
2017 $21,443 $80,366 $26,565 $53,801
2016 $20,338 $80,366 $26,565 $53,801
2015 $18,807 $70,142 $24,150 $45,992
2014 $18,628 $70,142 $24,150 $45,992
2013 $18,200 $70,142 $24,150 $45,992
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12153057

Midwest Real Estate Data (MRED)
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