1932 Emerson St

Evanston, IL 60201 View Map $530,000 Ask a Question
Beds11
Baths3
Sold On11/20/2023
Year1925
PHOTOS & DETAILS: 1932 Emerson St, Evanston, IL 60201 For Sale - MLS #11804933 - Photos, Virtual Tour, School Info - Real Estate Listing Info Photo 1
PHOTOS & DETAILS: 1932 Emerson St, Evanston, IL 60201 For Sale - MLS #11804933 - Photos, Virtual Tour, School Info - Real Estate Listing Info Map
The Kite Team

The Kite Team

(847) 877-9881

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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
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

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multi family- 2-4 units for sale

Listing provided courtesy of Ybrs Realty Inc..

Listings courtesy of MRED MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of March 28, 2024 8:00 AM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Properties displayed may be listed or sold by various participants in the MLS