209 Ridge Ave - Multi-Family FOR SALE


Evanston, IL 60202
$1,500,000 USD
773-293-5056
209 Ridge Ave, Evanston, IL for Sale
$1,500,000 USD
Multi-Family - FOR SALE
1/5
null | 6.06% Cap Rate

209 Ridge Ave
Evanston, IL 60202


HIGHLIGHTS

  • Evanston | Low Supply Market
  • Four (4) 2BD/1BA & Six (6) 1BD/1BA Units
  • Spacious Unit Layouts
  • Modern Bathrooms & Dine-In Kitchens
  • On-site Parking & Laundry Facility

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 209 Ridge Ave, a well-maintained 10-unit apartment building ideally situated in the highly desirable community of Evanston, IL. Located just 14 miles north of downtown Chicago, Evanston is celebrated for its picturesque Lake Michigan shoreline, diverse cultural attractions, excellent public and private schools, and the prestigious presence of Northwestern University. This vibrant city offers an unparalleled quality of life, combining urban amenities with a welcoming, tree-lined residential atmosphere. Nestled on an attractive tree-lined street in a prime Evanston location, 209 Ridge Ave features a practical unit mix of four (4) spacious 2BD/1BA apartments and six (6) well-appointed 1BD/1BA apartments. The property showcases a blend of classic Evanston character and thoughtful updates. Units boast desirable features such as original hardwood floors, ample natural light, and functional layouts. Residents benefit from shared laundry facilities on-site, and convenient street parking. The property's consistent maintenance is evident, offering a stable asset for investors. 209 Ridge Ave presents a compelling investment opportunity to acquire a cash-flowing asset in Evanston's consistently strong rental market. Its prime location offers excellent walkability to local amenities, public transportation (including Metra and CTA lines), and the vibrant downtown Evanston area, ensuring enduring tenant appeal. With Evanston's robust demand for quality rental housing and its history of appreciating property values, a purchaser can significantly increase returns through improved leasing strategies and proactive management initiatives.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

6.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

209 Ridge Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R5

APN/PARCEL ID

11-30-117-026-0000

ASK ABOUT THIS PROPERTY

John GeorgeKiser GroupMore Info
773-293-5056

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John GeorgeKiser GroupMore Info
773-293-5056

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