Property Description

Fully Gut-Renovated Brick Three-Flat - Steps to the Lake, Central Street & Northwestern Exceptional opportunity in one of Evanston's most sought-after locations. This landmark 1912's brick three-flat was taken to the studs and completely rebuilt in 2024 - no shortcuts, no deferred work. The original two-flat received a brand-new garden unit during renovation, creating three fully independent residences, each with its own HVAC, tankless water heater, in-unit washer/dryer, and all-new plumbing and electrical. All mechanicals as well as windows were replaced during the renovation. A new rear deck, shared yard, and patio round out a truly turnkey asset. One block to Central Street's restaurants, cafes, bakeries, and shops. Steps to Lake Michigan and Northwestern University - a location that commands premium rents and keeps vacancy near zero. All leases are coming up, giving the new owner full flexibility to reset rents to market, hand-pick tenants, or owner-occupy one unit while the other two cover the mortgage. Gross income: $112,200 NOI: $81,360 7 Cap

Property Features

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