2108 Wesley Avenue,Evanston, IL 60201
Evanston, IL 60201
Description
Rare investment opportunity in Evanston's highly sought-after rental market, offering an estimated 7.00 cap rate and a 7.41 cash-on-cash return. This well-maintained two-unit property provides stable in-place income with significant upside potential through future rent increases and flexible rental strategies in one of Evanston's strongest rental markets. The property features two spacious units with distinct floor plans that appeal to a wide range of tenants. The first-floor unit is ideal for families, Northwestern University students, and young professionals. The second-floor unit includes a finished third-floor attic with three additional bedrooms and one full bathroom, creating multiple value-add opportunities and increased rental income potential. Ideally located within a five-minute walk of Ingraham Park and Foster Park, the property is surrounded by restaurants, cafes, Walgreens, and boutique shopping. Northwestern University is just a five-minute drive away, providing a strong and consistent tenant pool. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, 2108 Wesley Avenue offers an exceptional combination of immediate cash flow, long-term appreciation potential, and operational flexibility.
Details
| MLS # | 12699962 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1899 |
| Days On Site | 58 |
| Listing Provided By | YOUMU VENTURES LLC | Safwan Patel |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 3 |
| Garage | 2 |
| Basement | Y |
| Zoning | MULTI |
Interior
| Rooms Total | 13 |
|---|---|
| Heating | Steam, Radiant |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Frame |
Parking
| Parking Features | Yes, Garage Owned, Attached, Garage |
|---|---|
| Garage Spaces | 2 |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Sidewalks, Street Lights, Street Paved |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 12615.1 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Evanston |
| Zip Code | 60201 |
| Area | Evanston |
| Listing VS Median (in 60201) | |
Price: $1,008,000 low | high Med: $372,450 On site: 58 low | high Med: 31 | |
Market Activity 60201
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Evanston |
| Zip Code | 60201 |
| Area | Evanston |
| Listing VS Median (in 60201) | |
Price: $1,008,000 low | high Med: $372,450 On site: 58 low | high Med: 31 | |
