318 Custer Avenue, Evanston, Illinois 60202
$690,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 0 |
| Year Built: | 1957 |
| Property Taxes: | $9,809 |
| Days On Market: | 247 |
| Lot Size: | 0,09 |
Description
Highest and best due Tuesday 10am. Turnkey 3-unit building in a prime Evanston location with strong rental income and significant recent upgrades. Units feature refinished hardwood floors and new kitchen flooring (2021), updated bathrooms (2021), and fresh paint throughout (2022). The garden unit was fully renovated in 2022 and is currently used as an AirBnB, with a proposed monthly rent of $1,400/month. Capital improvements include new interior and exterior doors (2021), new windows (2022), new electrical panel (2022), 3 new furnaces (2022), a new water heater (2025), new gutters (2023), tuckpointing (2021), and a flood control system installed in 2022 with ongoing annual maintenance. The 1st & 2nd floor units have central A/C. Current rent roll: 1st floor: 2 bed/1 bath at $1,525 | 2nd floor: 2 bed/1 bath at $1,625 | garden: 1 bed/1 bath proposed $1,400 for the garden unit; totaling $4,550/month and $54,600 annually. Operating expenses with estimated total expenses of $24,053.46 and NOI of $30,546.54. An outstanding opportunity for both investors and owner-occupants to acquire a well-maintained, income-producing asset ideally located near CTA, Metra, top-rated schools, downtown Evanston, and retail amenities, in a strong rental market.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1957 | |
| — | |
| — | |
| No | |
| 0.09 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12379506 | |
| 11301100560000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Oakton Elementary School |
65 | — | |
|
Middle School
Chute Middle School |
65 | Not in DB | |
|
High School
Evanston Twp High School |
202 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 6 May, 2015 | Sold | $250,000 | MRED MLS |
| 22 Mar, 2015 | Under contract | $264,500 | MRED MLS |
| — | Last price change | $274,500 | MRED MLS |
| 29 Jan, 2015 | Listed for sale | $274,500 | MRED MLS |
| 19 Mar, 2021 | Sold | $399,900 | MRED MLS |
| 31 Jan, 2021 | Under contract | $399,900 | MRED MLS |
| 28 Jan, 2021 | Listed for sale | $399,900 | MRED MLS |
| 30 Jul, 2025 | Sold | $690,000 | MRED MLS |
| 10 Jun, 2025 | Under contract | $699,000 | MRED MLS |
| 3 Jun, 2025 | Listed for sale | $699,000 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| — | |
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| 35 X 122 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2015 | $8,837 |
| 2021 | $8,794 |
| 2025 | $9,809 |
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Listing Provided By
Century 21 S.G.R., Inc.
