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$870,000
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Property Description
Rare opportunity to invest in this restored & renovated, stately Evanston 3-Flat! Start fresh with new tenants at the estimated rental rates of $2,250 per unit or more. ------ Originally built in 1928, with fine exterior and interior details and flourishes, the owner just completed a multi-year renovation to create beautiful open kitchens, renovated bathrooms, hardwood flooring throughout, restored ceilings & walls, all new plumbing & lighting fixtures, including ceiling fans and more. ------ All three kitchens feature quartz counters, brand new stainless-steel appliances including built-in microwaves & dishwashers. The restoration includes mostly new windows, a new roof, new rear concrete walk-way, and a gravel driveway for parking. Each unit has 3 bedrooms, a large living room, and a full-size, separate dining room, that opens up to the kitchen, plus an unheated, fully enclosed bonus room for storage, relaxation, or full-time seasonal use. ------ The renovation includes new electric service to the building and all new wiring to each unit. Also, plumbing lines to each unit were replaced. The ground level garage space(2) are now used for storage on one side and laundry on the other side. A new owner can obtain coin/pay operated laundry machines or regular laundry machines to be installed at the supply, drain, gas, and electric line connections. ------ Since the building has been vacant for 2+ years, we do not have reliable estimates for utilities and maintenance, however, minimal lawn care is needed and the tenants pay their own cooking gas and electric. The single basement, boiler serves radiator heat to each unit. ------ You or your tenants will enjoy a convenient lifestyle with easy access to the Crown Recreation Center and Library, Washington Elementary School, 4 Suns Juice Bar, Walgreens, Food4Less, Valli Grocery & more.
Full Property Details
Full Property Details for 1631 Monroe St
General
- Sold For: $870,000
- Taxes: $13,981 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12407378
- Added to Site: 198 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Additional Information
- Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Water Heater-Gas
- Other Features: Commuter Bus
Parking
- Total Spaces: 3
- Parking Features: Off-Alley, On Site, Owned
- Parking On-Site: Yes
Location
- Area: Evanston
- County: Cook
- Driving Directions: From Main St., Dewey Ave. south to Monroe St., East to 1631
School Information
- School District: 65
- Midd School District: 65
- Elementary School: Washington Elementary School
- Middle School: Nichols Middle School
- High School: Evanston Twp High School
- Private School: Evanston Twp High School
Heating & Cooling
- Heating Type: Natural Gas, Steam, Radiator(s)
Utilities
- Water: Lake Michigan, Public
Structural Information
- Architectural Style: Georgian
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Exterior Entry, Daylight
- Foundation: Concrete Perimeter
- Roof: Rubber
- Year Built: 1927
- Built Before 1978: Yes
- Remodeled/Updated: 2024
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 35' x 123'
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1927
- Tax Amount: $13,981.02
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 10244090170000
Listed by Manchester Realty
Sold by Compass
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Schools
Schools serving 1631 Monroe St
School Districts:Evanston Community Consolidated School District 65, Evanston Township High School District 202
| Name | Grades | Distance |
|---|---|---|
Nichols Middle School 800 Greenleaf Street, Evanston, IL 60202 | 6-8 | 0.8 mi |
Evanston Twp High School 1600 Dodge Avenue, Evanston, IL 60201 | 9-12 | 1.1 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 1631 Monroe St
Date
Details
Price
Change
Source
8/11/2025
Sold
$870,000
-1.14%
MLS
6/30/2025
Listed
$880,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1631 Monroe Street, Evanston, IL 60202 (MLS# 12407378) is a Multi-Family property that was sold at $870,000 on August 11, 2025. Want to learn more about 1631 Monroe Street? Do you have questions about finding other Multi-Family real estate for sale in Evanston? You can browse all Evanston real estate or contact a Coldwell Banker agent to request more information.

