2019 Ridge Avenue

Evanston, IL 60201

$525,000
Last Sold Price
6
Beds
2
Baths
2,429 Sq. Ft.
$216 / Sq. Ft.
2,429
Sq. Ft.
$216
per Sq. Ft.

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

  1. Cristina Tu

    Cristina Tu

    Alternative Listing Agent

    Compass

Property Details for 2019 Ridge Avenue

Area
Evanston
Township
Evanston
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Heat/Fuel
Natural Gas, Hot Water/Steam

Location

Add your commute
LISTING UPDATED: 06/08/2021 12:21 PM

Property Details for 2019 Ridge Avenue

StatusClosed
MLS #11006959
Days on Market91
Taxes$13,888 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1912
Lot Size0.13 AC / 5,600 SF
CountyCook County

Location

Add your commute

Building Information for 2019 Ridge Avenue

Stories-Residences2Year Built1912Building Size-Lot Size0.13 AC / 5,600 SF

Payment Calculator

$4,022 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,865

Property Taxes

$1,157

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2019 Ridge Avenue

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 On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 6
  • Basement Description: Unfinished
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 40 X 140
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Stucco
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2021-03-16T00:38:02
  • Photos Count: 11
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $55,200.00
  • Insurance Expense: $1,100.00
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Other Expenses $: 2500
Unit 1
  • Unit Type Actual Rent: $2,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Total Sq Ft - Unit 1: 1174
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 5
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Dishwasher, Microwave, Hardwood Floors
  • Lease Exp Date (Mo/Yr) - Unit 1: 09-21-2024
  • Sec Deposit $ - Unit 1: 0
  • Tenant Pays - Unit 1: Electric, Gas, Heat, Water
Unit 2
  • Unit Type Actual Rent: $2,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Total Sq Ft - Unit 2: 1255
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 7
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator, Dishwasher, Microwave, Hardwood Floors
  • Lease Exp Date (Mo/Yr) - Unit 2: 09-21-2024
  • Sec Deposit $ - Unit 2: 0
  • Tenant Pays - Unit 2: Electric, Gas, Heat, Water

Property History for 2019 Ridge 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 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.

Neighborhood Map and Transit

Similar 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.

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. Based on information submitted to the MLS GRID as of 06/08/2021 12:21 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.