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1024 Noyes St 18 Unit Apartment Building For Sale Evanston, IL 60201
Investment Highlights
- Three [3] blocks from Northwestern University campus in Evanston's prime student housing corridor; 84 Walk Score & 99 Bike Score
- Less than 500 feet from Noyes Purple Line station, providing transit access to downtown Evanston and Chicago
- Sizable 2BR, 3BR and 4BR units are perfect for Northwestern students
- One [1] mile from the newly constructed Ryan Field and Welsh-Ryan Arena
- Evanston is #1 on Niche.com's "Best Places to Live in Cook County" and "Best Illinois Suburbs for Young Professionals" lists
- Three [3] duplex down apartments
Executive Summary
95 Realty, as exclusive advisor, is pleased to offer for purchase 1024 Noyes, an 18-unit apartment building located in the heart of Evanston’s premier Northwestern University student housing corridor. Situated just blocks from campus, the property benefits from exceptional walkability, consistent tenant demand, and one of the strongest rental submarkets in Chicagoland.
The building features a highly attractive unit mix of (12) 2BR/1BA, (4) 3BR/2BA, and (2) 4BR/2BA apartments — larger floor plans that command premium rents and cater directly to Northwestern’s student population. The property includes common laundry in the basement and five surface parking spaces, a valuable amenity in this dense, transit-oriented neighborhood.
1024 Noyes offers a compelling opportunity to drive returns primarily through bringing in-place rents to current market levels, supported by continued strength in student housing demand and limited new supply near campus. Select light interior upgrades, such as updating kitchens and bathrooms, can further enhance rent growth.
With its irreplaceable proximity to Northwestern University and strong fundamentals, 1024 Noyes represents a rare opportunity to acquire a stabilized, high-demand student housing asset with clear mark-to-market potential in Evanston.
The building features a highly attractive unit mix of (12) 2BR/1BA, (4) 3BR/2BA, and (2) 4BR/2BA apartments — larger floor plans that command premium rents and cater directly to Northwestern’s student population. The property includes common laundry in the basement and five surface parking spaces, a valuable amenity in this dense, transit-oriented neighborhood.
1024 Noyes offers a compelling opportunity to drive returns primarily through bringing in-place rents to current market levels, supported by continued strength in student housing demand and limited new supply near campus. Select light interior upgrades, such as updating kitchens and bathrooms, can further enhance rent growth.
With its irreplaceable proximity to Northwestern University and strong fundamentals, 1024 Noyes represents a rare opportunity to acquire a stabilized, high-demand student housing asset with clear mark-to-market potential in Evanston.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 18 | Building Size | 17,057 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1921 |
| Building Class | C | Parking Ratio | 0.29/1,000 SF |
| Zoning | R5 | ||
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 17,057 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1921 |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | R5 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Hardwood Floors
- Oven
- Range
- Walk-In Closets
- Dining Room
- Family Room
- Linen Closet
- Pantry
- Large Bedrooms
Site Amenities
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 751 - 806 |
| 3+1 | 4 | - | 1,048 - 1,383 |
| 4+2 | 2 | - | 1,533 - 1,615 |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 11-07-119-001-0000 | Total Assessment | $468,600 (2025) |
| Land Assessment | $33,223 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $435,377 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
11-07-119-001-0000
Land Assessment
$33,223 (2025)
Improvements Assessment
$435,377 (2025)
Total Assessment
$468,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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1024 Noyes St
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