Beds11
Baths3
Sold On11/20/2023
Year1925
The Kite Team
(847) 877-9881
Status:
Sold
Property Type:Multi Family- 2-4 Units
MLS #:11804933
Date Sold:11/20/2023
County:Cook
Welcome to this incredible opportunity! Presenting a remarkable brick 3-unit building with a solid tenant base in a sought-after location. This property offers a fantastic investment potential with three fully occupied units and the flexibility to suit various buyer preferences. This impressive building features a first-floor unit with 3 bedrooms and 1 bathroom, providing ample space for comfortable living. The second and third floors each boast a 4-bedroom, 1-bathroom unit, offering generous living spaces suitable for larger households. The versatility of these units allows for diverse rental options. All three units are currently occupied by CHA (Chicago Housing Authority) tenants, ensuring consistent and reliable rental income. The tenants are on a month-to-month lease agreement, providing the new owner with the flexibility to continue with the existing arrangements or explore longer-term lease options. They have expressed their willingness to sign longer-term leases, providing stability for the future owner. Moreover, there is the possibility of vacating one unit or more, allowing the buyer to reside in one unit while receiving investment income from the remaining units. The property generates an impressive monthly gross income of $5,437, illustrating the attractiveness and profitability of this investment opportunity. This property is a true gem, presenting multiple options for the discerning investor. Whether you are looking to maximize your rental income or seek a comfortable owner-occupied property with additional investment potential, this opportunity is ideal for you.
Detailed Maps
Price Change History
Date | Old Price | New Price | Percent Change |
10/11/2023 | $575,000 | $565,000 | -1.7% |
11/20/2023 | $565,000 | $530,000 | -6.2% |
Community Information
Address:1932 Emerson St, Evanston, IL 60201
Area:Evanston
County:Cook
City:Evanston
School District:65
Township:Evanston
Zip Code:60201
Architecture
Bedrooms:
11
Bathrooms:
3
Year Built:1925
Exterior Construction Type: Brick
Total # Units in Building: 3
Age Range: 91-100 Years
Roof: Rubber
Basement: Slab
Parking Features: Assigned, Off Alley
Parking On Site: Yes
Parking: Space/s
Features / Amenities
Cars: 3
Parking Total: 3
Heat Source / Type: Natural Gas, Forced Air
Total Rooms:17
Property Features
Lot Dimensions:Less Than .25 Acre
Sewer: Public Sewer
Water: Lake Michigan
Transportation: School Bus Service
Open House Count: 0
Closed Buyer Brokerage Compensation: 2%-$495
Closed Buyer Brokerage Compensation Type: % of Net Sale Price
Zoning:MULTI
Directions:ON EMERSON, WEST OF DODGE
Tax and Financial Info
Tax Year: 2021
Tax Annual Amount: $6,681.70
Ownership: Fee Simple
Schools
multi family- 2-4 units for sale
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Listing provided courtesy of Ybrs Realty Inc..