Seller's Agent in 2025
Melissa Morgan
Flats, LLC
(847) 456-1206
1 in this area
29 Total Sales
940 Pitner Ave Evanston, IL 60202
West End NeighborhoodEstimated Value: $1,318,000 - $1,467,614
5
Beds
5
Baths
6,700
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Walker Elementary School Rated A-
- 5-minute walk to Harbert Payne Park
About This Home
As of January 2025940 Pitner Ave consists of five (5) live-work, loft-style apartments with off-street parking. Originally a bow truss building, the property was completely transformed into a modern, loft-style apartment community through an adaptive re-use project in 2010, completed by a renowned local architect. All units feature individual HVAC systems and in-unit laundry. The investment presents the opportunity to acquire a distinctive, cash-flowing asset with minimal operational expenses.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,471
Year Built
- Built in 1955
Lot Details
- 7,200
Home Design
- Brick Exterior Construction
- Wood Truss/Raft
Interior Spaces
- 6,700 Sq Ft Home
- 1-Story Property
Additional Features
- 7,200 Sq Ft Lot
- Forced Air Heating System
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 5 Units
Building Details
- Insurance Expense $2,025
- Maintenance Expense $1,500
- Other Expense $2,920
- Trash Expense $696
- Water Sewer Expense $754
- Operating Expense $28,328
- Gross Income $123,720
- Net Operating Income $90,905
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
Oct 1, 2024
Closed on
Jan 28, 2025
Sold by
Bought by
Seller's Agent
Melissa Morgan
Flats, LLC
Buyer's Agent
Paul Fortman
@properties Christie's International Real Estate
List Price
$1,350,000
Sold Price
$1,350,000
Views
17
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
$42,807
Avg. Annual Appreciation
2.27%
Original Mortgage
$1,050,000
Outstanding Balance
$1,039,966
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$352,841
Purchase Details
Closed on
Jul 14, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$676,200
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 27, 2003
Sold by
Bought by
Purchase Details
Closed on
May 4, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
8.66%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,350,000 | Chicago Title | ||
| $966,000 | Chicago Title | ||
| $350,000 | Chicago Title Insurance Comp | ||
| $220,000 | -- |
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 | $1,050,000 | ||
| Previous Owner | $676,200 | ||
| Previous Owner | $215,000 |
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 |
|---|---|---|---|---|
| 01/30/2025 01/30/25 | Sold | $1,350,000 | 0.0% | $201 / Sq Ft |
| 12/14/2024 12/14/24 | Off Market | $1,350,000 | -- | -- |
| 10/22/2024 10/22/24 | Pending | -- | -- | -- |
| 10/01/2024 10/01/24 | For Sale | $1,350,000 | -- | $201 / 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 |
|---|---|---|---|---|
| 2025 | $14,472 | $102,000 | $10,440 | $91,560 |
| 2024 | $14,472 | $59,000 | $8,640 | $50,360 |
| 2023 | $13,883 | $59,000 | $8,640 | $50,360 |
| 2022 | $13,883 | $59,000 | $8,640 | $50,360 |
| 2021 | $9,939 | $36,955 | $6,120 | $30,835 |
| 2020 | $9,804 | $36,955 | $6,120 | $30,835 |
| 2019 | $10,071 | $42,429 | $6,120 | $36,309 |
| 2018 | $16,808 | $60,546 | $5,040 | $55,506 |
| 2017 | $16,367 | $60,546 | $5,040 | $55,506 |
| 2016 | $15,519 | $60,546 | $5,040 | $55,506 |
| 2015 | $12,238 | $45,000 | $6,120 | $38,880 |
| 2014 | $12,120 | $45,000 | $6,120 | $38,880 |
| 2013 | $11,841 | $45,000 | $6,120 | $38,880 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Morgan
-
Paul Fortman
Buyer's Agent in 2025
Paul Fortman
@ Properties
(773) 987-6056
1 in this area
88 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12178068
APN: 10-24-118-031-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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