2725-27 Central Street

Evanston, IL 60201

$2,750,000
Price
18
Beds
14
Baths
4
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The well-maintained, charming, vintage building offers 10 (1 bed/1 bath) and 4 (2 bed/1.5 bath), a common laundry and unusually large individual storage units in the basement. The mechanicals and roof are in good shape (boiler - 2014). Newer three-story windows in the entryways bring a flood of light into the common stairways. Ten parking spaces, rented at an additional cost, are available right outside the building. Rent includes heat and hot water. Tenants are responsible for electric, window air...The well-maintained, charming, vintage building offers 10 (1 bed/1 bath) and 4 (2 bed/1.5 bath), a common laundry and unusually large individual storage units in the basement. The mechanicals and roof are in good shape (boiler - 2014). Newer three-story windows in the entryways bring a flood of light into the common stairways. Ten parking spaces, rented at an additional cost, are available right outside the building. Rent includes heat and hot water. Tenants are responsible for electric, window air conditioners, WiFi and cable. This multifamily apartment investment opportunity is located on beautiful tree-lined Central Street in Evanston, Illinois. It is a very walkable neighborhood with a small town feel and one of a kind retail shops, restaurants, and coffee shops. It is within walking distance to the new Northwestern University athletic and event venue or a bike ride or quick drive to college classes. Evanston public transportation is outside the door and will take you to the NW campus, downtown Evanston, the lakefront or Old Orchard. The nearby Metra will get you to Chicago and the 94 Expressway is minutes away. There is a vacant, landscaped lot to the north of the property which will provide future investment opportunity. units. Property Highlights: - Never sold on the market - All units currently rented - Boiler replaced in 2014 - 10 of 14 units have updated kitchen/baths within 4 years - Recent 3 story windows in entrance foyers - 10 - 1 Bedrooms 850 sq/ft w/living & dining rooms - 4 - 2 Bedroom/1.5 baths 1000 sq/ft w/living & dining rooms - 10 parking spaces provide additional rental income - Storage spaces large enough to accommodate bicycles - The additional landscaped lot is gently enjoyed by the tenants and would provide a generous space for a communal garden and/or patio area, if not sold or used for additional units.
  1. Listed by Mary Von Mandel • Berkshire Hathaway HomeServices Chicago
  2. Listed by Richard DiVito • Berkshire Hathaway HomeServices Chicago

Property Details for 2725-27 Central Street

Area
Evanston
LISTING UPDATED: 12/06/2024 02:06 PM

Property Details for 2725-27 Central Street

StatusContingent
MLS #12153057
Days on Market93
Taxes$29,836 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Courtyard
Year Built1956
Lot Size0.32 AC / 13,800 SF
CountyCook County

Building Information for 2725-27 Central Street

Stories3Residences14Year Built1956Building Size-Lot Size0.32 AC / 13,800 SF

Property Information for 2725-27 Central Street

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Fuses
  • Heat/Ventilation: Hot Water
  • # Of Refrigerators: 14
  • Num of Baths: 14.4
Exterior Features
  • Misc Outside: Courtyard,Enclosed Stairs
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Courtyard
  • Lot Dimensions: 95 X 146
  • Lot Size Square Feet: 13800.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Alarm On Site,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Lot Size Source: Listing Agent
  • # Of Ranges: 14
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-09-20T20:22:52
  • Photos Count: 36
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Income & Expenses
  • Electric Expense: $3,208.00
  • Fuel Expense: $11,445.00
  • Gross Income: $252,000.00
  • Gross Scheduled Income: $157,578.00
  • Insurance Expense: $8,945.00
  • Maintenance Expense: $.00
  • Expense Year: 2022
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Janitor Expense: 14500
  • Manager Expense Source: AC
  • Trash Expense Source: Actual
  • Total Monthly Income: 21000
  • Water Expense Source: Actual
  • Net Operating Income: $155,778.00
  • Operating Expense: $94,422.00
  • Other Expense: $1,000.00
  • Trash Expense: $4,095.00
  • Water Sewer Expense: $25,653.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 10
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • 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 2725-27 Central Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2725-27 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
Willard 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.

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Listing Courtesy of Berkshire Hathaway HomeServices Chicago

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 12/06/2024 02:06 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.