1932 Emerson Street, Evanston, Illinois 60201
$530,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 11 |
| Baths: | 0 |
| Year Built: | 1925 |
| Property Taxes: | $6,682 |
| Days On Market: | 883 |
| Lot Size: | 0,00 |
Description
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1925 | |
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| No | |
| 0 |
| Cook | |
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| — / — | |
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| 11804933 | |
| 10131180070000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 4 Mar, 2011 | Sold | $180,000 | MRED MLS |
| 11 Feb, 2010 | Under contract | $160,000 | MRED MLS |
| 13 Jan, 2010 | Listed for sale | $160,000 | MRED MLS |
| 10 Feb, 2012 | Sold | $190,000 | MRED MLS |
| 23 Jan, 2012 | Under contract | $240,000 | MRED MLS |
| — | Last price change | $265,000 | MRED MLS |
| 21 Nov, 2011 | Listed for sale | $279,900 | MRED MLS |
| 20 Nov, 2023 | Sold | $530,000 | MRED MLS |
| 17 Oct, 2023 | Under contract | $565,000 | MRED MLS |
| — | Last price change | $575,000 | MRED MLS |
| 9 Jun, 2023 | Listed for sale | $575,000 | MRED MLS |
Room Specifics
Total Bedrooms: 11
Bedrooms Above Ground: 11
Bedrooms Below Ground: 0
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Slab
Other Specifics
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| 6250 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2011 | $8,735 |
| 2012 | $8,045 |
| 2023 | $6,682 |
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Listing Provided By
YBRS Realty Inc.
