1921 Grey Avenue

Evanston, IL 60201

$505,000
Last Sold Price
8
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Extraordinary investment opportunity for 11.8% cap rate with 20% down. See attached spreadsheet. Garden and first floor units are occupied. The 2nd floor unit is ready for occupancy. Photos are of the 2nd floor unit and utility room only. Radiator heat. There is a place for laundry in the basement. Parking pad for 2 cars out back, ready for a garage. Recent improvements include new carpeting in the front stairwell, new siding on sides and rear, improvements to the rear stairs. Only qualified buyers...Extraordinary investment opportunity for 11.8% cap rate with 20% down. See attached spreadsheet. Garden and first floor units are occupied. The 2nd floor unit is ready for occupancy. Photos are of the 2nd floor unit and utility room only. Radiator heat. There is a place for laundry in the basement. Parking pad for 2 cars out back, ready for a garage. Recent improvements include new carpeting in the front stairwell, new siding on sides and rear, improvements to the rear stairs. Only qualified buyers will see the occupied units, G and 1. Rent income for unit 2 is the most recent rent received.
  1. Listed by Linda Hoffmann • @properties Christie's International Real Estate

Sold By Jameson Sotheby's International Realty

Property Details for 1921 Grey Avenue

Area
Evanston
Township
Evanston
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Radiator(s)

Location

Add your commute
LISTING UPDATED: 07/22/2023 03:04 AM

Property Details for 1921 Grey Avenue

StatusClosed
MLS #11792154
Days on Market55
Taxes$5,742 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1931
Lot Size0.10 AC / 4,225 SF
CountyCook County

Location

Add your commute

Building Information for 1921 Grey Avenue

Stories-Residences3Year Built1931Building Size-Lot Size0.10 AC / 4,225 SF

Payment Calculator

$3,234 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,756

Property Taxes

$479

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1921 Grey Avenue

General Information
School Information
  • Elementary School District: 65
  • Elementary School: Kingsley 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
  • Parking: Space/s
  • Parking Details: Off Alley
  • Parking On Site: true
  • Parking Ownership: N/A
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Partially Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25 X 169
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding, Brick
  • General Information: School Bus Service,Commuter Bus
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 6
  • Document Date: 2023-05-26T20:34:02
  • Photos Count: 38
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 05-25-2023
Multi Family
Income & Expenses
  • Electric Expense: $49.00
  • Fuel Expense: $404.00
  • Gross Income: $5,975.00
  • Insurance Expense: $117.00
  • Maintenance Expense: $150.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Repairs-Decor Expense Source: Broker Projection
  • Water Expense Source: Actual
  • Net Operating Income: $4,768.00
  • Professional Management Expense: $150.00
  • Water Sewer Expense: $57.00
Unit 1
  • Unit Type Actual Rent: $2,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 08/23
Unit 2
  • Unit Type Actual Rent: $2,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0
Unit 3
  • Unit Type Actual Rent: $1,575.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 12/23

Property History for 1921 Grey Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1921 Grey Avenue

Taxable ValueLand$5,100Additions$27,900Total$33,000
Tax Record2022$7,665 ($639 / month)
Home Facts
Baths2Total Finished SqFt2,332 SqFtAbove Grade Finished SqFt2,332 SqFtStories2Lot Size4,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1931CountyCOOKAPN10-13-109-013

Schools near 1921 Grey Avenue

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 - K to 8
Rating
School
Distance
Kingsley Elementary School
PublicK to 5

Haven Middle School
Public6 to 8

Evanston Twp High School
Public9 to 12

M L King Jr Lab Experimental School
PublicK to 8

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

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.