Address
2019 Ridge Avenue Evanston, IL
Price
$ 525,000
Property Attributes
  • MLS#11006959
  • TypePending
  • CountyCOOK
  • CityEvanston
  • AreaEvanston
  • NeighborhoodNoyes and Foster
  • Zip60201
  • Style
  • Year Built1912
  • Taxes13887
  • Price$ 525,000
  • Bedrooms6
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2429
Listing Provided Courtesy Of:
Compass
Data Source:
Midwest Real Estate Data LLC
Property Description

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.

Elementary School Middle School High School
Orrington Elementary School Haven Middle School Evanston Twp High School
Price History
3/11/2021 Listed $525,000

General Features

Basement Full
Elementary School Orrington Elementary School
Elementary School District 65
Garage Spaces 2
Heating Natural Gas, Steam
High School Evanston Twp High School
High School District 202
Middle/Junior High School Haven Middle School
Middle/Junior School District 65
New Construction No
Ownership Fee Simple
Property Type Two to Four Units
Property Type Residential Income
Standard Status Pending
Tax Annual Amount 13887.94
Total Rooms 12
Township Evanston

Interior Features

Basement Unfinished
Bedroomspossible 6
Full Baths 2
Full Baths Building 2
Full Baths Unit 1 1
Full Baths Unit 2 1
Total Baths 2
Total Bedrooms 6

Exterior Features

Exterior Stucco
Garage Onsite Yes
Garage Ownership Owned
Garage Type Detached
Lot Dimensions 40 X 140
Water Source Lake Michigan
Waterfront Y/N No

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60201

Price
AVG $730K
$530K
Taxes
AVG $15,517
$13,887
Visits
AVG 64
55
Year Built
AVG 1944
1912
Walkscore
AVG 69
87
Data Provided by Walkscore ® not using MLS data

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