Multi Family In Evanston

Excellent Investment Opportunity in Evanston - Income-Producing Two-Unit Property! Attention investors and owner-occupants! This well-maintained two-unit property offers outstanding rental income potential and the flexibility to live in one unit while generating income from the other. Whether you’re looking to expand your investment portfolio or reduce your monthly housing expenses, this property presents an excellent opportunity! Unit 1 currently generates $2,889 per month in rental income, while Unit 2 was previously rented for $2,550 per month and has since undergone extensive renovations, offering a great opportunity for new tenants or an owner-occupant. Major recent improvements include updated plumbing, new windows, a roof replaced within the past two years, and gutters approximately two years old. The unfinished basement provides ample storage space, a functional bathroom, and owner-owned coin-operated laundry equipment, creating an additional income opportunity. Tenants are responsible for their own electricity, and water expenses are billed back to tenants, helping minimize operating expenses and maximize investment returns. rental income of $5,439 per month, based on the current rent for Unit 1 and the previous rental rate for Unit 2, with additional income potential from the coin-operated laundry. Ideally situated just around the corner from Evanston Township High School (ETHS), the property offers convenient access to shopping, dining, public transportation, and everything Evanston has to offer. Property is being sold AS-IS. Conventional financing or cash offers only. No FHA financing. No alley access for a garage. Don’t miss this opportunity to own a versatile, income-producing property in a desirable Evanston location. Schedule your private showing today!