36
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$2,750,000
Est. payment /mo
Active Under Contract
2725-27 Central Street Evanston, IL 60201
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UPDATED:
12/06/2024 08:06 PM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12153057
Year Built 1956
Annual Tax Amount $29,836
Tax Year 2022
Lot Dimensions 95 X 146
Property Description
The well-maintained, charming, vintage building offers 10 (1 bed/1 bath) and 4 (2 bed/1.5 bath), a common laundry and unusually large individual storage units in the basement. The mechanicals and roof are in good shape (boiler - 2014). Newer three-story windows in the entryways bring a flood of light into the common stairways. Ten parking spaces, rented at an additional cost, are available right outside the building. Rent includes heat and hot water. Tenants are responsible for electric, window air conditioners, WiFi and cable. This multifamily apartment investment opportunity is located on beautiful tree-lined Central Street in Evanston, Illinois. It is a very walkable neighborhood with a small town feel and one of a kind retail shops, restaurants, and coffee shops. It is within walking distance to the new Northwestern University athletic and event venue or a bike ride or quick drive to college classes. Evanston public transportation is outside the door and will take you to the NW campus, downtown Evanston, the lakefront or Old Orchard. The nearby Metra will get you to Chicago and the 94 Expressway is minutes away. There is a vacant, landscaped lot to the north of the property which will provide future investment opportunity. units. Property Highlights: - Never sold on the market - All units currently rented - Boiler replaced in 2014 - 10 of 14 units have updated kitchen/baths within 4 years - Recent 3 story windows in entrance foyers - 10 - 1 Bedrooms 850 sq/ft w/living & dining rooms - 4 - 2 Bedroom/1.5 baths 1000 sq/ft w/living & dining rooms - 10 parking spaces provide additional rental income - Storage spaces large enough to accommodate bicycles - The additional landscaped lot is gently enjoyed by the tenants and would provide a generous space for a communal garden and/or patio area, if not sold or used for additional units.
Location
State IL
County Cook
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Listed by Mary Von Mandel • Berkshire Hathaway HomeServices Chicago
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