1317 Brummel St - Apartments FOR SALE


Evanston, IL 60202
$1,250,000 USD
773-293-5023
1317 Brummel St, Evanston, IL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/5
null | 5.76% Cap Rate

1317 Brummel St
Evanston, IL 60202


HIGHLIGHTS

  • Evanston | Low Supply Market
  • Desirable Unit Mix | Six (6) 2BD/1BA & One (1) 1BD/1BA Units
  • Spacious Unit Layouts w/ Dining Rooms
  • Modern Boiler & Mechanicals

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 1317 Brummel St, a charming 7-unit apartment building nestled in the desirable community of Evanston, IL. Just 14 miles north of downtown Chicago, Evanston is renowned for its vibrant arts scene, beautiful Lake Michigan shoreline, top-tier public schools, and the esteemed Northwestern University, offering residents a rich blend of urban sophistication and suburban tranquility. Situated on a peaceful street, 1317 Brummel St features an attractive unit mix of six (6) spacious 2BD/1BA apartments and one (1) well-appointed 1BD/1BA apartment. The property offers a tasteful combination of vintage charm and modern updates, with units featuring original hardwood floors, separate dining rooms, and abundant natural light. Tenants benefit from on-site amenities such as a shared laundry room and convenient street parking. Heat and water are included in the rent, enhancing tenant appeal. 1317 Brummel St presents investors with a distinctive opportunity to acquire a well-maintained asset in Evanston's highly sought-after rental market. The property's desirable unit mix and location, with excellent walkability and proximity to public transportation (including the Howard train junction), shopping, dining, and parks (like Clyde Brummel Park), ensure consistent tenant demand. With a strong local rental market and Evanston's continued appreciation of property values, this offering provides significant potential for enhanced returns through strategic management and continued modernization efforts.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

7

PRICE/UNIT

$178,571

CAP RATE

5.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1317 Brummel St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,189 SF

ZONING

MF

APN/PARCEL ID

10-25-219-018-0000

ASK ABOUT THIS PROPERTY

Joe BianchiKiser GroupMore Info
773-293-5023

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Joe BianchiKiser GroupMore Info
773-293-5023

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.