800 Elgin Rd - Apartments CONDO FOR SALE


Evanston, IL 60201- Downtown Evanston | 
$849,000 USD
312-505-1610
800 Elgin Rd, Evanston, IL for Sale
$849,000 USD
Apartments CONDO - FOR SALE
1/13
null | 8.4% Cap Rate

800 Elgin Rd
Evanston, IL 60201
Downtown Evanston


HIGHLIGHTS

  • 8.3% cap. NNN Investment in Downtown Evanston IL
  • Long standing tenant, in place since 2010
  • Parent company Compass, the largest residential brokerage company in the country
  • Tenant just renewed their lease thru March 2030
  • Strong demographics - less than 1 mile to Northwestern University

OVERVIEW

8.3% cap in the heart of Downtown Evanston, IL. 2300sf of street level NNN investment in Downtown Evanston, IL. Current tenant has been in place since 2010 and just renewed their lease for 3 additional years. Current expiration is 3/31/2030. This investment property is perfect for 1031 exchange or direct investment. At World Properties is a wholly owned subsidiary of Compass, one of the largest residential brokerage company in the country.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

8.4%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Optima Horizons

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

382,118 SF

STORIES

16

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

-

APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

Michael RourkeAt PropertiesMore Info
312-505-1610

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Michael RourkeAt PropertiesMore Info
312-505-1610

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