940 Judson Ave - Apartments FOR SALE


Evanston, IL 60202
$8,750,000 USD
312-671-8842
940 Judson Ave, Evanston, IL for Sale
$8,750,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

940 Judson Ave
Evanston, IL 60202


OVERVIEW

Abbey Garth Apartments Majestic 26 unit multifamily building in a prime east Evanston location. Incredible historic property with enormous apartments and a varied unit mix. From spacious one bedroom units up to 4 bedroom 3 bathroom apartments. First time available is 20 years. Built in 1926 by the renowned architect Samuel N. Crowen - the property is an Evanston Landmark and is on the National Register of Historic Places. This is a one of a kind property. Central boiler (new 2025) provides steam heat to the updated vintage style apartments. Three of the units were gutted down to the studs and have central HVAC and in unit washer dryers. The remainder of the units are in updated vintage type condition on steam radiators. Eight (smallish) garage spaces offer additional storage and or parking for small vehicles. Storage lockers in basement along with two tenant laundry rooms (machines owned). Besides being a historic beauty - the thing that makes this property unique is the size of the units - huge. Units are rented below market and income could be increased via refurbishing kitchens and bathrooms. But the true potential for upside is in converting 1 bedroom units (900-1,000sf) into two bedroom apartments and so forth. See floor plans. Building is 100% occupied. Call or email for more details, rent roll, proforma, schedule showing, etc.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

26

PRICE/UNIT

$336,538

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abby Garth Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,346 SF

ZONING

-

APN/PARCEL ID

11-19-221-008-0000

ASK ABOUT THIS PROPERTY

Jack WallWall Properties, Inc.More Info
312-671-8842

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Jack WallWall Properties, Inc.More Info
312-671-8842

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