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1932 Emerson Street, Evanston, IL 60201
$530,000
1932 Emerson Street, Evanston, IL 60201View this property at 1932 Emerson Street, Evanston, IL 60201
1932 Emerson StreetEvanstonIL60201
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Property Description
Welcome to this incredible opportunity! Presenting a remarkable brick 3-unit building with a solid tenant base in a sought-after location. This property offers a fantastic investment potential with three fully occupied units and the flexibility to suit various buyer preferences. This impressive building features a first-floor unit with 3 bedrooms and 1 bathroom, providing ample space for comfortable living. The second and third floors each boast a 4-bedroom, 1-bathroom unit, offering generous living spaces suitable for larger households. The versatility of these units allows for diverse rental options. All three units are currently occupied by CHA (Chicago Housing Authority) tenants, ensuring consistent and reliable rental income. The tenants are on a month-to-month lease agreement, providing the new owner with the flexibility to continue with the existing arrangements or explore longer-term lease options. They have expressed their willingness to sign longer-term leases, providing stability for the future owner. Moreover, there is the possibility of vacating one unit or more, allowing the buyer to reside in one unit while receiving investment income from the remaining units. The property generates an impressive monthly gross income of $5,437, illustrating the attractiveness and profitability of this investment opportunity. This property is a true gem, presenting multiple options for the discerning investor. Whether you are looking to maximize your rental income or seek a comfortable owner-occupied property with additional investment potential, this opportunity is ideal for you.
Full Property Details
Full Property Details for 1932 Emerson St
General
- Sold For: $530,000
- Taxes: $6,681 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11804933
- Added to Site: 340 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 11
Additional Information
- Other Features: School Bus Service
Parking
- Number of Cars: 3
- Total Spaces: 3
- Parking Features: Assigned, Off-Alley
- Parking Type: Space(s)
- Parking On-Site: Yes
Location
- Area: Evanston
- County: Cook
- Driving Directions: ON EMERSON, WEST OF DODGE
School Information
- School District: 65
- Midd School District: 65
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Brick
- Basement Desc.: None
- Roof: Rubber
- Year Built: 1925
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 6250
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1925
- Tax Amount: $6,681.7
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 10131180070000
Listed by YBRS Realty Inc.
Sold by Compass
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Schools
Schools serving 1932 Emerson St
School Districts:Evanston/Skokie School District 65, Evanston Township High School District 202
Rating | Name | Grades | Distance |
---|---|---|---|
2300 Green Bay Rd, Evanston, IL 60201 | K-5 | 0.6 mi | |
2417 Prairie Ave, Evanston, IL 60201 | 6-8 | 0.7 mi | |
1600 Dodge Ave, Evanston, IL 60201 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1932 Emerson St
Date
Details
Price
Change
Source
11/20/2023
Sold
$530,000
-6.19%
MLS
10/12/2023
Price Reduced
$565,000
-1.74%
MLS
6/09/2023
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1932 Emerson Street, Evanston, IL 60201 (MLS# 11804933) is a Multi-Family property that was sold at $530,000 on November 20, 2023. Want to learn more about 1932 Emerson 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.