This property is Off-Market
Evanston, IL 60201 ·
8 Units · Multifamily For Sale
Multifamily Property For Sale
|No. Units||8||Property Use Type||Investment|
|Building Size||5,250 SF||Cap Rate||8.47%|
|Listing ID: 18392326||Date Created: 10/08/2013||Last Updated: 03/07/2014|
1928 Jackson is an 8-unit multifamily apartment building located in Northwest Evanston. The property consists of six (6) two-bedroom apartments and two (2) three-bedroom apartments. Recent improvements include a new tear-off roof, new water heater and digital control, new copper pipes, and new appliances in the units. There are eight (8) outdoor parking spaces on the back of the property.
The building is fully occupied and almost all of the apartments have long term tenants. A market survey of competing units suggests as-is rents could be considerably higher than current levels (see Rent Survey). The property is in close proximity to Evanston Highschool, Northwestern University, and downtown Evanston; and is within two (2) blocks to two (2) different CTA bus routes.
1928 Jackson, Evanston, IL 60201 (Cook County)
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