Sold
Last Sold Price
4 beds
2147 Ridge Ave, Unit 3D, Evanston, IL 60201
CondoProperty Type
1957Year Built
$485/moHOA Fees
1 carParking Spaces

Description

This spacious top-floor 4-bedroom, 2-bath unit is located in a Northwestern University "student apartment" building, just a 13-minute walk from campus. Nestled on a peaceful and quiet street, it's highly popular with a range of tenants, including Northwestern students, faculty, staff, and other young professionals. The property is only 0.5 miles (a 10-minute walk) from the Purple Line's Noyes Station, with convenient access to local amenities including convenience stores, restaurants, and banks....This spacious top-floor 4-bedroom, 2-bath unit is located in a Northwestern University "student apartment" building, just a 13-minute walk from campus. Nestled on a peaceful and quiet street, it's highly popular with a range of tenants, including Northwestern students, faculty, staff, and other young professionals. The property is only 0.5 miles (a 10-minute walk) from the Purple Line's Noyes Station, with convenient access to local amenities including convenience stores, restaurants, and banks. A park is just a 3-minute walk away. Recently renovated in 2023, the unit is currently fully leased to Northwestern students, all of whom are on their second-year leases until 08/31/25. The annual rental income is 38,400 (parking not included). After deducting property taxes, insurance, and the HOA, the unit achieves a 7.5+ cap rate. With a 10-year equity multiple of 3.3X, an annual return rate of 22.97/100, and a projected cash-on-cash return of over 10/100 by year three, this is an ideal investment. The current owner has held the property for nearly 20 years, benefiting from stable and lucrative returns.

    Sold By YOUMU VENTURES LLC

    • Listed by: Xiansong Liu 312.888.5486 tony@yomuventures.com • YOUMU VENTURES LLC
    Listing closed: 02/07/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12204718

    Location

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    $3,128 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $2,145

    Property Taxes

    $499

    HOA Dues

    $485

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    Property Information for 2147 Ridge Avenue, Unit 3D

    Property Details
    • Pet Policy: Allowed
    • Taxes: $5,982 / year
    • MLS Type: Attached Single / Condo
    • County: Cook County
    • Area: Evanston
    • Township: Evanston
    • Ownership: Condo
    • Num Of Garage Spaces: 1.0
    • Parking Included in Price: Yes
    • Air Conditioning Type: Wall Unit(s)
    • Heat/Fuel: Natural Gas
    • Pets Allowed: Yes
    Building Information
    • Building/Complex: 2147 Ridge Ave
    • Floor: 3
    • Stories: 3
    • Residences: 12
    • Pet Policy: Allowed
    • Pet Policy Details: Cats OK,Dogs OK
    • Year Built: 1957
    General Information
    School Information
    • Elementary School District: 65
    • Elementary School: Orrington Elementary School
    • Jr High Middle School: Haven Middle School
    • High School District: 202
    • High School: Evanston Twp High School
    • Middle Or Junior School District: 65
    Addtl Parking Information
    • Garage Details: Heated
    • Garage On Site: true
    • Garage Type: Attached
    • Parking: Garage
    Pet Information
    • Max Pet Weight: 100.0
    • Pet Information: Cats OK, Dogs OK
    Taxes and HOA Information
    • Association Fee Frequency: Monthly
    • Association Fee Includes: Water, Common Insurance, Snow Removal
    • Master Association Fee Frequency: Not Required
    Property Information
    Interior Features
    • Num Of Rooms: 4
    • Bedrooms Total: 4
    • Bedrooms (Below Grade): 0
    • Unit Floor Level: 1
    • Basement Type: None
    • Bedrooms Possible: 4
    • Air Conditioning: Wall Unit(s)
    • Basement Description: None
    • Basement Bathrooms: No
    • Room Type: No additional rooms
    • Num of Baths: 2.0
    Exterior Features
    • Type: Condo
    Utilities / Equipment
    • Water: Public
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2023
    • Built Before 1978: Yes
    • Age: 61-70 Years
    • Type Attached: Condo
    • Total Sq Ft: 0
    • Aprox Total Finished Sq Ft: 0
    • Total Finished and Unfin Sq Ft: 0
    • Lot Dimensions: CONDO
    • Stories Total: 3
    • Total # Units in Building: 12.0
    • Waterfront: No
    • Disability Access and/or Equipped: No
    • Exterior Building Type: Brick
    • General Information: None
    • Living Area Source: Not Reported
    • Management Company: Connected Property Management
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 15
    • Rural: N
    • OpenHouse Count: 0
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Room Information
    Master Bedroom Information
    • Master Bedroom Level: Main
    • Room Type: Master Bedroom
    • Master Bedroom Bath: None
    • Master Bedroom Dimensions: 1X1
    Bedroom #2 Information
    • 2nd Bedroom Level: Main
    • Room Type: Bedroom 2
    • Bedroom #2 Room Dimensions: 1X1
    Bedroom #3 Information
    • 3rd Bedroom Level: Main
    • Room Type: Bedroom 3
    • Bedroom #3 Room Dimensions: 1X1
    Bedroom #4 Information
    • 4th Bedroom Level: Main
    • Room Type: Bedroom 4
    • Bedroom #4 Room Dimensions: 1X1
    Dining Room Information
    • Dining Room Level: N/A
    • RoomType_DR: Dining Room
    Family Room Information
    • Family Room Level: N/A
    • RoomType_FR: Family Room
    Kitchen Information
    • Kitchen Level: N/A
    • RoomType_KT: Kitchen
    Laundry Information
    • Laundry Level: N/A
    • Room Type: Laundry
    Living Room Information
    • Living Room Level: N/A
    • Room Type: Living Room

    Property History for 2147 Ridge Avenue, Unit 3D

    DateEvent & SourcePriceAppreciation
    Feb 7, 2025

    Sold

    MRED #12204718

    $415,000
    Feb 5, 2025

    Sold (Public Record)

    Public Record #1550974980

    $415,000

    +1.2% / yr

    Nov 19, 2024

    Pending

    MRED #12204718

    DateEvent & SourcePrice
    02/07/2025

    Sold

    MRED #12204718

    $415,000
    02/05/2025

    Sold (Public Record)

    Public Record #1550974980

    $415,000

    +1.2% / yr

    11/19/2024

    Pending

    MRED #12204718

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 2147 Ridge Avenue, Unit 3D

    Taxable ValueLand$2,580Additions$22,522Total$25,102
    Tax Record2023$5,982 ($498 / month)
    Home Facts
    Beds3Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtLot Size9,558 SqFtStyleCondominiumYear Built1960Year Renovated1960CountyCOOKAPN11-07-119-045-1012

    Schools near 2147 Ridge Avenue, Unit 3D

    This home is within Evanston Twp Hsd 202 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 9 to 12
    Rating
    School
    Distance
    Orrington Elementary School
    PublicK to 5

    Haven Middle School
    Public6 to 8

    Evanston Twp High School
    Public9 to 12

    Eths Day School
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Listing Courtesy of YOUMU VENTURES LLC

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 02/10/2025 05:09 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.