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1029 Garnett Place 1029 Garnett Pl 3 Unit Apartment Building $1,595,000 ($531,667/Unit) 6.82% Cap Rate Evanston, IL 60201
Investment Highlights
- Access and Connectivity
- Proximity to Northwestern University
- Durable Brick Construction
- Area Amenities and Demand Drivers
- Separately Metered Utilities
- Strong Rental Demographics and Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1029 Garnett Place in Evanston, IL (the “Property”). The two-story building contains three (3) 4-Bedroom/1-Bathroom units with 3,500 square feet of gross living area in 3,545 square feet of gross area. The Property is situated upon a 0.40-acre parcel and features garage parking spaces.
1029 Garnett Place is well-positioned in Evanston, offering strong access to the city’s vibrant downtown, neighborhood retail corridors, and surrounding residential communities. The property benefits from convenient connectivity to major regional routes including Interstate 94 (Edens Expressway) and U.S. Route 41, as well as proximity to multiple transit options including the CTA Purple Line and Metra Union Pacific North Line, providing efficient access to Chicago and the broader North Shore region.
1029 Garnett Place is well-positioned in Evanston, offering strong access to the city’s vibrant downtown, neighborhood retail corridors, and surrounding residential communities. The property benefits from convenient connectivity to major regional routes including Interstate 94 (Edens Expressway) and U.S. Route 41, as well as proximity to multiple transit options including the CTA Purple Line and Metra Union Pacific North Line, providing efficient access to Chicago and the broader North Shore region.
Property Facts
| Price | $1,595,000 | Building Class | C |
| Price Per Unit | $531,667 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 3,545 SF |
| Cap Rate | 6.82% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1904 |
| Property Type | Multifamily | Parking Ratio | 0.56/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,595,000 |
| Price Per Unit | $531,667 |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,545 SF |
| No. Stories | 2 |
| Year Built | 1904 |
| Parking Ratio | 0.56/1,000 SF |
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Very walkable
80/100
Fairly drivable
40/100
Good public transit
70/100
Exceptionally bikeable
90/100
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1029 Garnett Place | 1029 Garnett Pl
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