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$930,000
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Property Description
SOLD BY WORD OF MOUTH BEFORE BEING LISTED. Very unusual and historic mixed-use building in Evanston. Proudly owned and lovingly maintained by the same family for over 100 years. 1424 Lake St offers lots of possibilities for businesses or for an artist who wants studio and living space or for a community group / foundation / not-for-profit who want a mix of residential and commercial space. And of course, it would work for a straight investor too. The 1st floor has an approx. 400sf office space and an approx. 4,000sf retail / flex space. The 2nd floor has two recently rehabbed apartments: one is 2 beds and 1 bath, the other 2 beds and 1.1 baths. They're currently vacant but market rent is $2,000 - 2,500 / month. Unfinished attic space with many possibilities. Full height, waterproofed basement with drain tile and sump pump. 3 garage spaces with high ceilings / doors. Lots of exterior parking. Located within a highly desirable, primarily residential neighborhood, the building has great street exposure plus excellent foot and car traffic. A pre-school is next door, a popular park that is a neighborhood hub is across the street, the elementary school is around the corner. Lake St is a through street for people coming in and out of downtown Evanston.
Full Property Details
Full Property Details for 1424 Lake St
General
- Sold For: $930,000
- Taxes: $17,188 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12475566
- Added to Site: 120 day(s) ago
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Location
- Area: Evanston
- County: Cook
- Driving Directions: On Lake Street between Asbury and Dodge
- Location Details: North Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Central Heat/Individual Controls, Forced Air
Structural Information
- Construction: Brick, Wood, Vinyl Siding
- Exterior Const.: Brick, Wood, Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition, Membrane
- Stories/Levels: 2
- Square Feet: 4,900
- # of Stores: 1
- Year Built: 1915
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 4,900
- Lot Dimensions: 35 x 140
Financial Considerations
- Lease Price: $13
- Operating Expenses: $34,648
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1915
- Tax Amount: $17,188
- Tax Year: 2023
Disclosures and Reports
- Property ID: 10134230240000
Listed by @properties Christie's International Real Estate
Sold by Non Member
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Schools
Schools serving 1424 Lake St
School Districts:Evanston Community Consolidated School District 65, Evanston Township High School District 202
| Name | Grades | Distance |
|---|---|---|
Dewey Elementary School, Evanston, IL 1551 Wesley Avenue, Evanston, IL 60201 | K-5 | 0.1 mi |
Washington Elementary School, Evanston, IL 914 Ashland Avenue, Evanston, IL 60202 | K-5 | 0.7 mi |
Nichols Middle School 800 Greenleaf Street, Evanston, IL 60202 | 6-8 | 0.7 mi |
Evanston Twp High School 1600 Dodge Avenue, Evanston, IL 60201 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1424 Lake St
Date
Details
Price
Change
Source
9/30/2025
Sold
$930,000
-2.11%
MLS
9/18/2025
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1424 Lake Street, Evanston, IL 60201 (MLS# 12475566) is a Commercial property that was sold at $930,000 on September 30, 2025. Want to learn more about 1424 Lake Street? Do you have questions about finding other Commercial real estate for sale in Evanston? You can browse all Evanston real estate or contact a Coldwell Banker agent to request more information.

