2024 Maple Ave
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2024 Maple Ave
2 Unit Apartment Building $750,000 ($375,000/Unit) 6.62% Cap Rate Evanston, IL 60201
Investment Highlights
- Superior Location
- Upside Potential
- Transit Oriented Properties
- Affluent "North Shore" Chicago Suburb
Executive Summary
Horvath & Tremblay is pleased to present the sale of the multi-family investment Property located at 2024 Maple Avenue in Evanston, Illinois (the “Property”). The Property features a well-maintained two-story building that contains two (2) residential units comprised of one (1), 2-Bedroom/1-Bathroom unit and one (1), 3-Bedroom/1-Bathroom unit with 1,710 square feet of living area in 1,710 square feet of gross area on a 0.08-acre parcel. The property features two (2) on-site parking spaces at the rear of the Property. 2024 Maple Avenue is well-located in a highly sought-after market that is typically fully occupied with very low historical vacancy. There is a limited supply of multifamily housing in Evanston with a high demand for rental units. The Property is positioned on a quiet tree-lined street along the northern perimeter of Evanston’s central business district and offers convenient access to the Foster CTA “L” Station (350 feet) and the Davis Street/Evanston Metra and Davis CTA “L” Stations (0.5-miles). The Property is also just 0.2-miles from a Pace Suburban Bus stop and is 0.5-miles from Northwestern University.
Property Facts
Price | $750,000 | Building Class | C |
Price Per Unit | $375,000 | Lot Size | 0.08 AC |
Sale Type | Investment | Building Size | 1,710 SF |
Cap Rate | 6.62% | Average Occupancy | 100% |
No. Units | 2 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1864 |
Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
Price | $750,000 |
Price Per Unit | $375,000 |
Sale Type | Investment |
Cap Rate | 6.62% |
No. Units | 2 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.08 AC |
Building Size | 1,710 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1864 |
Parking Ratio | 1.17/1,000 SF |
Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
Parcel Number | 11-18-102-022-0000 | Improvements Assessment | $26,915 |
Land Assessment | $8,500 | Total Assessment | $35,415 |
PROPERTY TAXES
Parcel Number
11-18-102-022-0000
Land Assessment
$8,500
Improvements Assessment
$26,915
Total Assessment
$35,415
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2024 Maple Ave
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