Sold for $525,000 on 6/08/21
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 6 |
2 |
1912 |
— |
2 |
$13,888 |
1159 days |
Rare income opportunity two-unit house close to Northwestern campus in Evanston. This property is yielding a 7% cap rate at the asking price. A short 10-minute walk to the Northwestern campus, the owner has consistently rented to Northwestern students for 15 years. The property is currently rented until September of 2021. Current tenants are willing to extend the lease for another year. Keep it as an investment property or convert it to a single-family home. You can increase rent with some minor updates. Currently rented for $4,600/month ($2,300 per unit). Tenants pay for all utilities. The first floor has 2 large bedrooms, 1 bath, and a sunroom/office. The second floor offers 4 bedrooms and 1 bath. Laundry located in the basement. 2 car garage. Low maintenance as this out-of-state owner has managed this property with a handyman for over 15 years. Great location close to downtown Evanston, Northwestern campus, Lake Michigan, Metra, and Foster St. Purple Line. This home is sold AS-IS.
Listing courtesy of Compass
2019 Ridge Ave. is a multi-unit home built in 1912, and is located in Evanston, IL. It has 6 bedrooms and 2 bathrooms, a 2-car garage, and has annual property taxes of $13,888. This home goes to Orrington Elementary School, Haven Middle School, and Evanston Township High School.
Marco Amidei
(888) 32-Marco (847) 630-4886
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