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$690,000
5
beds
3
baths

318 Custer Avenue
Evanston, Illinois 60202

Closed / MLS #12379506 / Multiple Unit (2-4) / Evanston
Listing information updated 7/30/2025 at 2:03pm
Highest and best due Tuesday 10am. Turnkey 3-unit building in a prime Evanston location with strong rental income and significant recent upgrades. Units feature refinished hardwood floors and new kitchen flooring (2021), updated bathrooms (2021), and fresh paint throughout (2022). The garden unit was fully renovated in 2022 and is currently used as an AirBnB, with a proposed monthly rent of $1,400/month. Capital improvements include new interior and exterior doors (2021), new windows (2022), new electrical panel (2022), 3 new furnaces (2022), a new water heater (2025), new gutters (2023), tuckpointing (2021), and a flood control system installed in 2022 with ongoing annual maintenance. The 1st & 2nd floor units have central A/C. Current rent roll: 1st floor: 2 bed/1 bath at $1,525 | 2nd floor: 2 bed/1 bath at $1,625 | garden: 1 bed/1 bath proposed $1,400 for the garden unit; totaling $4,550/month and $54,600 annually. Operating expenses with estimated total expenses of $24,053.46 and NOI of $30,546.54. An outstanding opportunity for both investors and owner-occupants to acquire a well-maintained, income-producing asset ideally located near CTA, Metra, top-rated schools, downtown Evanston, and retail amenities, in a strong rental market.
Exterior Type:
Brick
Basement:
Finished,Full
Beds Above Grade:
5
Heating System:
Natural Gas, Forced Air
Pool:
No
Age:
61-70 Years
Roof Type:
Asphalt
Parking Type:
Off Alley,On Site,Owned
Parking Spaces:
3
Room Count:
14
Water Front:
No
Square Feet:
N/A
Lot Size:
Less Than .25 Acre
Acreage:
0.09
Tax Amount:
$9,808
Tax Year:
2023
Zip Code:
60202
City:
Evanston
County:
Cook
School District(s):
65, 202
Elementary School:
Oakton Elementary School
Middle School:
Chute Middle School
High School:
Evanston Twp High School

Listing Office: Century 21 S.G.R., Inc.

Listing Office Phone: 312.326.3697

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 7/30/2025 at 2:03pm. 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 listings have been excluded from this website.

Evanston, IL

Nestled along the shores of Lake Michigan, Evanston blends natural beauty with vibrant city living.   Known for its historic homes, tree-lined streets, and scenic beaches, it's a community full of character and charm.   Home to prestigious Northwestern University, Evanston offers a rich mix of cu...

CTA

CTA
Purple line at South Blvd.
CTA
Red line at Howard
CTA
Yellow line at Howard

Metra

Metra
Union Pacific North line at Main St Metra
$591,861
Average Sale Price
39
Average Days On The Market
100%
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 318 Custer Avenue, Evanston, IL 60202
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318 Custer Avenue, Evanston, IL 60202 is a multiple unit (2-4) which sold for $690,000. 318 Custer Avenue features 5 Beds, 3 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since June 3rd, 2025 and was built in 1957. Nearby schools include Oakton Elementary School, Chute Middle School, and Evanston Twp High School. The nearest transit stops include South Blvd. CTA Purple line and Main St Metra Metra Union Pacific North line.

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