613 Michigan Avenue

Evanston, IL 60202

$1,015,000
Last Sold Price
9
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Turn-key 3 flat just blocks from the lake, transportation & shopping! Investors, nearly a 6% CAP RATE at list price. Perfect for live-in-owner. Let tenants pay taxes, expenses & mortgage! Each unit w/similar layout: Front sunroom, Living rm w/original built-ins, decorative fireplace, Large dining rm, eat-in kitchen w/large pantry storage open to family rm & deck overlooking back yard. 3 bedrms, 1 bath. Each has w/1 garage & use of big back yard w/firepit. 3rd flr owner's unit w/incredible natural...Turn-key 3 flat just blocks from the lake, transportation & shopping! Investors, nearly a 6% CAP RATE at list price. Perfect for live-in-owner. Let tenants pay taxes, expenses & mortgage! Each unit w/similar layout: Front sunroom, Living rm w/original built-ins, decorative fireplace, Large dining rm, eat-in kitchen w/large pantry storage open to family rm & deck overlooking back yard. 3 bedrms, 1 bath. Each has w/1 garage & use of big back yard w/firepit. 3rd flr owner's unit w/incredible natural light & an updated kitchen w/Maple cabinets, granite counter tops & updated full bath too! Free shared laundry & storage lockers in huge, full basement w/high ceilings-Potential to duplex down from first flr? Solid brick building & 3 car brick garage. Well-maintained by live-in owner. 3rd flr rent of $2550 is owner's projection. Hardwd flrs, classic vintage moldings & charm. Very reasonable rents, potential to increase? Buy for investment or live-in & build equity. Walk to lake, EL, Metra & Main St shops-Just blocks away. Fantastic building and low 2019 taxes!
  1. Listed by Michael Thomas • @properties

Sold By @properties

Property Details for 613 Michigan Avenue

Area
Evanston
Township
Evanston
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Cars
3.0
Heat/Fuel
Natural Gas

Location

Add your commute
LISTING UPDATED: 05/05/2021 08:49 AM

Property Details for 613 Michigan Avenue

StatusClosed
MLS #10572014
Days on Market214
Taxes$16,541 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1915
Lot Size0.13 AC / 5,662 SF
CountyCook County

Location

Add your commute

Building Information for 613 Michigan Avenue

Stories-Residences3Year Built1915Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$6,918 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,539

Property Taxes

$1,378

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 613 Michigan Avenue

General Information
School Information
  • Elementary School District: 65
  • Elementary School: Lincoln Elementary School
  • Jr High Middle School: Nichols 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
Property Information
Interior Features
  • Num Of Rooms: 24
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 9
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Workshop
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: Intercom, Ceiling Fan(s), Sump Pump
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: 37X154
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: Commuter Bus,Commuter Train
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 5
  • Document Date: 2020-06-22T16:45:31
  • Photos Count: 20
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: Video
Multi Family
Income & Expenses
  • Electric Expense: $441.00
  • Fuel Expense: $3,032.00
  • Gross Income: $89,520.00
  • Insurance Expense: $2,200.00
  • Maintenance Expense: $2,500.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Water Expense Source: Owner Projection
  • Professional Management Expense: $.00
  • Water Sewer Expense: $1,612.00
Unit 1
  • Unit Type Actual Rent: $2,510.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 8
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Dishwasher, Microwave, Fireplace-Artificial, Garage/Space, Hardwood Floors
  • Lease Exp Date (Mo/Yr) - Unit 1: 06-21-2024
  • Sec Deposit $ - Unit 1: 2300
  • Tenant Pays - Unit 1: Electric, Other
Unit 2
  • Unit Type Actual Rent: $2,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 8
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator, Dishwasher, Microwave, Fireplace-Artificial, Garage/Space, Hardwood Floors
  • Lease Exp Date (Mo/Yr) - Unit 2: 06-21-2024
  • Sec Deposit $ - Unit 2: 1625
  • Tenant Pays - Unit 2: Electric, Other
Unit 3
  • Unit Type Actual Rent: $2,550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: 3
  • # Of Rooms - Unit 3: 8
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 1
  • Appliances/Features Unit 3: Stove, Refrigerator, Dishwasher, Microwave, Fireplace-Artificial, Garage/Space
  • Sec Deposit $ - Unit 3: OWN
  • Tenant Pays - Unit 3: Electric, Other

Property History for 613 Michigan 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 613 Michigan Avenue

Taxable ValueLand$17,439Additions$87,561Total$105,000
Tax Record2022$24,390 ($2,033 / month)
Home Facts
Baths3Total Finished SqFt5,724 SqFtAbove Grade Finished SqFt5,724 SqFtStories3Lot Size5,813 SqFtStyleMulti-Family Res (5+ Units)Year Built1915CountyCOOKAPN11-19-417-004

Schools near 613 Michigan 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

Lincoln 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.

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

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 05/05/2021 08:49 AM. 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.