2620 Central Street

Evanston, IL 60201

$5,220,000
Last Sold Price
37
Beds
23
Baths
4
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Attention all discerning investors! Perfect and rare opportunity for sophisticated investors looking to purchase an upgraded and impeccably maintained all brick multi-unit property. This premier property is located in Evanston, with convenient proximity to shops, grocery, parks, Northwestern University and the Edens (I-94). This 19-unit elevator apartment building, including 21 parking spots (12 garage and 9 exterior), features high quality pride of ownership throughout. 100% occupied; every apartment...Attention all discerning investors! Perfect and rare opportunity for sophisticated investors looking to purchase an upgraded and impeccably maintained all brick multi-unit property. This premier property is located in Evanston, with convenient proximity to shops, grocery, parks, Northwestern University and the Edens (I-94). This 19-unit elevator apartment building, including 21 parking spots (12 garage and 9 exterior), features high quality pride of ownership throughout. 100% occupied; every apartment has no less than a 12-mo lease. Seller updated 16 of the 19 kitchens, along with baths within 17 of the 19 apartments (including installing copper piping for hot water), and replaced all unit windows.
  1. Listed by Elizabeth Lassner • @properties Christie's International Real Estate

Property Details for 2620 Central Street

Area
Evanston
Township
Evanston
Num Of Parking Spaces
21.0
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 10/11/2022 12:37 PM

Property Details for 2620 Central Street

StatusClosed
MLS #11448282
Days on Market101
Taxes$57,043 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1964
Lot Size0.37 AC / 16,300 SF
CountyCook County

Location

Add your commute

Building Information for 2620 Central Street

Stories-Residences19Year Built1964Building Size-Lot Size0.37 AC / 16,300 SF

Payment Calculator

$33,241 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,488

Property Taxes

$4,754

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2620 Central Street

General Information
Addtl Parking Information
  • Indoor Parking: 6-12 Spaces
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street, Alley Access, Paved
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers, 220 Volts
  • # Of Washers: 2
  • Basement Description: None
  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls,Gas,Radiators,Steam
  • # Of Refrigerators: 19
  • Washer/Dryer Lsd: No
  • Misc Inside: Elevator/s Passenger,Storage Inside,Laundry Room
  • # Of Dryers: 2
  • # Of Disposals: 0
  • # Of Dishwashers: 19
  • Num of Baths: 23.4
Exterior Features
  • Building Unit Info: Fire Alarm,Smoke/Alarm Detector,Sprinkler System,Storage/Locker Area
  • Misc Outside: Balcony/ies,Patio,Security Lighting,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 163 X 100
  • Stories: 4
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Alarm Monitored,Alarm On Site,Fire Extinguisher/s,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 19
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 1
  • Document Date: 2022-06-27T21:09:43
  • Photos Count: 48
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Lighting/Exterior,Security Entrance,Sidewalks
  • Location: Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 19
Income & Expenses
  • Electric Expense: $2,825.00
  • Fuel Expense: $6,944.00
  • Gross Income: $422,055.00
  • Gross Scheduled Income: $427,655.00
  • Insurance Expense: $4,920.00
  • Maintenance Expense: $.00
  • Known Encumbrances: None Known
  • Expense Year: 2021
  • Janitor Expense: 15982
  • Total Monthly Income: 35638
  • Net Operating Income: $306,639.00
  • Operating Expense: $121,016.00
  • Other Expense: $2,117.00
  • Trash Expense: $2,436.00
  • Water Sewer Expense: $6,981.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 5
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 4
Unit 4
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 3
Unit 5
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2620 Central Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2620 Central Street

Taxable ValueLand$33,056Additions$269,192Total$302,248
Tax Record2022$70,209 ($5,851 / month)
Home Facts
Lot Size16,528 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyCOOKAPN10-11-204-029

Schools near 2620 Central Street

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

Dr Bessie Rhodes Magnet 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. Based on information submitted to the MLS GRID as of 10/11/2022 12:37 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.