1727 Howard St - Freestanding FOR SALE


Evanston, IL 60202
$590,000 USD
847-334-2587
1727 Howard St, Evanston, IL for Sale
$590,000 USD
Freestanding - FOR SALE
1/16
null | Request Cap Rate

1727 Howard St
Evanston, IL 60202


HIGHLIGHTS

  • Two-story mixed-use asset featuring ground-level retail storefront and upper-level residential apartment.
  • Gross annual rental income of $33,600 from an occupied three-bedroom, two-bathroom apartment.
  • Positioned on Howard Street with immediate access to public transit and major neighborhood amenities.
  • On-site parking and rear patio space provide convenience and functionality.
  • Storefront vacancy anticipated after August 2026 allows future repositioning or occupancy.
  • Located within a walkable district amid local restaurants, retailers, and service businesses.

OVERVIEW

1727 Howard Street offers an outstanding opportunity to acquire a two-story mixed-use property positioned in Evanston, Illinois, close to the Chicago border. The building features a ground-level commercial storefront and a spacious upper-level apartment configured as three bedrooms and two bathrooms. The property sits on a 5,500 SF lot with a private rear patio and off-street parking for multiple vehicles. The apartment is tenant-occupied, generating an annual income of $33,600, providing immediate cash flow for new ownership. The property is prominently located along Howard Street with bus service at the front door and short walking distance to nearby dining options and neighborhood amenities. The roof was replaced approximately 10 years ago, reducing near-term capital expenditure requirements. Current zoning of B3-1 offers versatile usage potential, supporting both retail and professional service tenants. Positioned in a dense urban corridor with a population exceeding 300,000 within three miles, the location ensures consistent demand from both residential and commercial markets. With the storefront scheduled to be vacated after August 2026, this property presents excellent flexibility for owner-occupiers or investors seeking to reposition or lease the ground-floor commercial unit at market rents.

FOR SALE DETAILS

PRICE

$590,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

B3-1

APN/PARCEL ID

10-25-220-128-0000

ASK ABOUT THIS PROPERTY

MJ WeinbergerStrauss RealtyMore Info
847-334-2587

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MJ WeinbergerStrauss RealtyMore Info
847-334-2587

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