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1527-1529 Greenleaf St 1529 Greenleaf St 3 Unit Apartment Building $895,000 ($298,333/Unit) 6.42% Cap Rate Evanston, IL 60202
Investment Highlights
- Access & Connectivity
- Proximity to Northwestern University
- Durable Brick Construction
- Area Amenities & Demand Drivers
- Upside Potential
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 1527-1529 Greenleaf Street in Evanston, IL (the “Property”). The two-story building contains two (2) Commercial units, two (2) 2-Bedroom/1-Bathroom units, and one (1) 1-Bedroom/1-Bathroom unit with 5,200 square feet of gross living area in 5,656 square feet of gross area. The apartments were all updated in 2017 and have in-unit washer / dryers. The Property is situated upon a 0.08-acre parcel and features on-street parking. 1527–1529 Greenleaf Street is strategically positioned in downtown Evanston, offering immediate access to the central business district, established retail corridors, and dense surrounding residential neighborhoods. The property benefits from excellent connectivity via key thoroughfares including Green Bay Road, Ridge Avenue, and Sheridan Road, with close proximity to Interstate 94 (Edens Expressway) providing efficient regional access to downtown Chicago and the greater North Shore.
Property Facts
| Price | $895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $298,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6.42% | Building Size | 5,656 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment |
| Price | $895,000 |
| Price Per Unit | $298,333 |
| Sale Type | Investment |
| Cap Rate | 6.42% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,656 SF |
| No. Stories | 2 |
| Year Built | 1928 |
Amenities
Site Amenities
- On-Site Retail
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Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 10-24-211-017-0000 | Improvements Assessment | $71,802 |
| Land Assessment | $7,198 | Total Assessment | $79,000 |
Property Taxes
Parcel Number
10-24-211-017-0000
Land Assessment
$7,198
Improvements Assessment
$71,802
Total Assessment
$79,000
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1527-1529 Greenleaf St | 1529 Greenleaf St
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