716 Clark St - Apartments FOR SALE


Evanston, IL 60201- Downtown Evanston
$13,450,000 USD
773-919-1297
716 Clark St, Evanston, IL for Sale
$13,450,000 USD
Apartments - FOR SALE
1/61
null | 5.23% Cap Rate

716 Clark St
Evanston, IL 60201
Downtown Evanston


HIGHLIGHTS

  • Adjacent to Northwestern University Campus in Evanston
  • 20 Units - 18 Residential + 2 Commercial
  • 100% Residential Occupancy
  • Two Blocks from CTA Purple Line and Metra

OVERVIEW

716 Clark Street offers the opportunity to acquire a stabilized, irreplaceable asset directly across from Northwestern University, one of the most supply-constrained rental markets in the Midwest. The apartments have never experienced a vacancy and collected 100% of rents even during the pandemic, delivering consistent, predictable revenue supported by Northwestern’s student demand and $15 billion endowment. The large-bedroom unit mix is tailored to student group housing, where new supply remains structurally limited by zoning and construction economics. The property provides durable, recession-resistant income with negligible economic vacancy risk and no traditional lease-up exposure.

FOR SALE DETAILS

PRICE

$13,450,000 USD

PRICE/SF

$831 USD /SF

# OF UNITS

18

PRICE/UNIT

$747,222

CAP RATE

5.23%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

716 Clark St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

D2

APN/PARCEL ID

11-18-127-005-0000

ASK ABOUT THIS PROPERTY

Lee KiserKiser GroupMore Info
773-919-1297

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Lee KiserKiser GroupMore Info
773-919-1297

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