2019 Ridge Avenue
2019 Ridge Avenue
$525,000
6
2
2,429
2,429
$216
Closed 6/8/21
Description
Rare income opportunity two-unit house close to Northwestern campus in Evanston. This property is yielding a 7% cap rate at the asking price. A short 10-minute walk to the Northwestern campus, the owner has consistently rented to Northwestern students for 15 years. The property is currently rented until September of 2021. Current tenants are willing to extend the lease for another year. Keep it as an investment property or convert it to a single-family home. You can increase rent with some minor...Rare income opportunity two-unit house close to Northwestern campus in Evanston. This property is yielding a 7% cap rate at the asking price. A short 10-minute walk to the Northwestern campus, the owner has consistently rented to Northwestern students for 15 years. The property is currently rented until September of 2021. Current tenants are willing to extend the lease for another year. Keep it as an investment property or convert it to a single-family home. You can increase rent with some minor updates. Currently rented for $4,600/month ($2,300 per unit). Tenants pay for all utilities. The first floor has 2 large bedrooms, 1 bath, and a sunroom/office. The second floor offers 4 bedrooms and 1 bath. Laundry located in the basement. 2 car garage. Low maintenance as this out-of-state owner has managed this property with a handyman for over 15 years. Great location close to downtown Evanston, Northwestern campus, Lake Michigan, Metra, and Foster St. Purple Line. This home is sold AS-IS.
Listing Agents
Property Details for 2019 Ridge Avenue
Area
Evanston
TownshipEvanston
OwnershipFee Simple
Num Of Garage Spaces2.0
Num Of Cars2.0
Heat/FuelNatural Gas, Hot Water/Steam
Location
LISTING UPDATED: 06/08/2021 12:21 PM
Property Details for 2019 Ridge Avenue
Status | Closed |
---|---|
MLS # | 11006959 |
Days on Market | 91 |
Taxes | $13,888 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Flat |
Year Built | 1912 |
Lot Size | 0.13 AC / 5,600 SF |
County | Cook County |
Location
Building Information for 2019 Ridge Avenue
Stories-Residences2Year Built1912Building Size-Lot Size0.13 AC / 5,600 SF
Payment Calculator
$4,022 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2019 Ridge Avenue
Property History for 2019 Ridge Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2019 Ridge Avenue
Taxable ValueLand$14,087Additions$38,413Total$52,500
Tax Record2022$12,195 ($1,016 / month)
Home Facts
Baths2Total Finished SqFt2,749 SqFtAbove Grade Finished SqFt2,749 SqFtStories2Lot Size5,635 SqFtStyleMulti-Family Res (5+ Units)Year Built1912CountyCOOKAPN11-18-101-029
Schools near 2019 Ridge Avenue
This home is within Evanston Twp Hsd 202 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Washington Elementary School PublicK to 5 | ||
Dewey Elementary School PublicK to 5 | ||
Nichols Middle School Public6 to 8 | ||
Evanston Twp High 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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