Discover an exceptional mixed-use investment opportunity in Evanston's vibrant Greenleaf Arts District. This well-maintained 5-unit property blends commercial and residential income potential in one of the city's most creative and walkable business corridors, making it an ideal fit for both investors and owner-users. The property consists of two commercial spaces, two 2-bedroom/1-bath apartments, and one 1-bedroom/1-bath apartment. The Greenleaf Arts District is known for its eclectic mix of galleries, artist studios, locally owned restaurants, wellness businesses, and neighborhood shops, all while being just minutes from Downtown Evanston, Robert Crown Community Center, Northwestern University, and CTA and Metra transportation. The residential units were thoughtfully updated in 2017 and each features an in-unit washer and dryer, while tenants also enjoy a shared second-floor outdoor space. Major improvements include all new windows in 2017, complete tuckpointing in 2017, both water heaters replaced within the last two years, and drain tile and sump pump installed in 2026. An unfinished basement provides additional storage and future potential. Whether you're looking to occupy the vacant commercial space or expand your investment portfolio, this is a rare opportunity to own a well-maintained mixed-use property in one of Evanston's most vibrant business districts.
| MLS # | 12703920 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 29 |
| Listing Provided By | Forte Properties, Inc. | John Warren |
| SQ Feet | 5,656 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Acreage | 0.07 |
| Cooling | Window Unit(s) |
|---|
| Electric | Separate Meters |
|---|
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 13557 |
| State | IL |
|---|---|
| County | Cook |
| City | Evanston |
| Zip Code | 60202 |
| Area | Evanston |
| Listing VS Median (in 60202) | |
Price: $895,000 low | high Med: $210,000 sqft: 5,656 low | high Med: 851 $ / sqft: $158 low | high Med: $247 On site: 29 low | high Med: 20 | |
| State | IL |
|---|---|
| County | Cook |
| City | Evanston |
| Zip Code | 60202 |
| Area | Evanston |
| Listing VS Median (in 60202) | |
Price: $895,000 low | high Med: $210,000 sqft: 5,656 low | high Med: 851 $ / sqft: $158 low | high Med: $247 On site: 29 low | high Med: 20 | |
![]() | $1,225,0001132 Florence AvenueEvanston, IL 60202 |
![]() | $1,250,0001132 Florence AvenueEvanston, IL 60202 |
![]() | $1,495,0001136 Florence AvenueEvanston, IL 60202 |