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$525,000
Favorite
6
beds
2
baths

2019 Ridge Avenue

Evanston, Illinois 60201
Closed / MLS #11006959 / Multiple Unit (2-4) / Evanston
Listing information updated 6/8/2021 at 12:43pm
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.

Full Features

Exterior Type:
Stucco
Basement:
Unfinished
Beds Above Grade:
6
Heating System:
Gas, Hot Water/Steam
Pool:
No
Age:
100+ Years
Parking Type:
Garage
Parking Spaces:
2
Room Count:
12
Water Front:
No
Square Feet:
N/A
Lot Size:
Less Than .25 Acre

Taxes & Assessments

Tax Amount:
$13,887
Tax Year:
2019

Location

Zip Code:
60201
City:
Evanston
County:
Cook

Schools

School District(s):
65, 202
Elementary School:
Orrington Elementary School
Middle School:
Haven Middle School
High School:
Evanston Twp High School

Listing Office: Compass

Listing Office Phone: 312.319.1168

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 6/8/2021 at 12:43pm. 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.

Evanston, IL

Located just north of Chicago, Evanston offers a beautiful natural setting on the shores of Lake Michigan. Its historic homes, tree-lined streets, and sprawling beaches may be the first things that catch your eye, but there’s a lot more to love here. Home to world-class Northwestern University, Ev...

CTA

CTA
Purple line at Foster

Metra

Metra
Union Pacific North line at Davis St Metra
$504,234
Average Sale Price
41
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 2019 Ridge Avenue, Evanston, IL 60201

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2019 Ridge Avenue is a multiple unit (2-4) which sold for $525,000. 2019 Ridge Avenue features 6 Beds, 2 Baths. This multiple unit (2-4) has been listed on @properties since March 9th, 2021 and was built in 1912. Nearby schools include Orrington Elementary School, Haven Middle School, and Evanston Twp High School. The nearest transit stops include Foster CTA Purple line and Davis St Metra Metra Union Pacific North line.

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