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$699,000

Est. payment - /mo

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5 Beds

3 Baths

3,920 Sqft Lot

Open Fri 5PM-7PM

318 Custer AVE Evanston, IL 60202

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Realty Executives Premier

Realty Executives Premier (Illinois)

rexlofty@gmail.com +1(219) 462-2224

OPEN HOUSE

Fri Jun 06, 5:00pm - 7:00pm

Sat Jun 07, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12379506

Bedrooms 5

Maintenance Fees $3,600

Year Built 1957

Annual Tax Amount $9,808

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 35 X 122

Property Sub-Type Two to Four Units

Property Description

Turnkey 3-unit building in a prime Evanston location with strong rental income and significant recent upgrades. Units feature refinished hardwood floors and new kitchen flooring (2021), updated bathrooms (2021), and fresh paint throughout (2022). The garden unit was fully renovated in 2022 and is currently used as an AirBnB, with a proposed monthly rent of $1,400/month. Capital improvements include new interior and exterior doors (2021), new windows (2022), new electrical panel (2022), 3 new furnaces (2022), a new water heater (2025), new gutters (2023), tuckpointing (2021), and a flood control system installed in 2022 with ongoing annual maintenance. The 1st & 2nd floor units have central A/C. Current rent roll: 1st floor: 2 bed/1 bath at $1,525 | 2nd floor: 2 bed/1 bath at $1,625 | garden: 1 bed/1 bath proposed $1,400 for the garden unit; totaling $4,550/month and $54,600 annually. Operating expenses with estimated total expenses of $24,053.46 and NOI of $30,546.54. An outstanding opportunity for both investors and owner-occupants to acquire a well-maintained, income-producing asset ideally located near CTA, Metra, top-rated schools, downtown Evanston, and retail amenities, in a strong rental market.

Location

State IL

County Cook

Area Evanston

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Forced Air

Equipment CO Detectors

Fireplace N

Exterior

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Oakton Elementary School

Middle Schools Chute Middle School

High Schools Evanston Twp High School

School District 65 , 65, 202

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Myra Nimchaiyong • Century 21 S.G.R., Inc.

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