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$1,300,000
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Property Description
Kiser Group is pleased to exclusively offer for purchase 209 Ridge Ave, a well-maintained 10-unit apartment building ideally situated in the highly desirable community of Evanston, IL. Located just 14 miles north of downtown Chicago, Evanston is celebrated for its picturesque Lake Michigan shoreline, diverse cultural attractions, excellent public and private schools, and the prestigious presence of Northwestern University. This vibrant city offers an unparalleled quality of life, combining urban amenities with a welcoming, tree-lined residential atmosphere. Nestled on an attractive tree-lined street in a prime Evanston location, 209 Ridge Ave features a practical unit mix of four (4) spacious 2BD/1BA apartments and six (6) well-appointed 1BD/1BA apartments. The property showcases a blend of classic Evanston character and thoughtful updates. Units boast desirable features such as original hardwood floors, ample natural light, and functional layouts. Residents benefit from shared laundry facilities on-site, and convenient street parking. The property's consistent maintenance is evident, offering a stable asset for investors. 209 Ridge Ave presents a compelling investment opportunity to acquire a cash-flowing asset in Evanston's consistently strong rental market. Its prime location offers excellent walkability to local amenities, public transportation (including Metra and CTA lines), and the vibrant downtown Evanston area, ensuring enduring tenant appeal. With Evanston's robust demand for quality rental housing and its history of appreciating property values, a purchaser can significantly increase returns through improved leasing strategies and proactive management initiatives.
Full Property Details
Full Property Details for 209 Ridge Ave
General
- Sold For: $1,300,000
- Taxes: $23,500 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12434841
- Added to Site: 170 day(s) ago
Location
- Area: Evanston
- County: Cook
- Driving Directions: From the intersection of Western and Touhy, head north on N Western Ave. Turn right onto W Howard St, then turn left onto Ridge Ave. The total distance is 0.9 miles, and the estimated duration is 4 minutes.
Heating & Cooling
- Heating Type: Baseboard
Structural Information
- Stories/Levels: 3
- Year Built: 1962
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 8050 sq ft
Financial Considerations
- Operating Expenses: $58,094
- Assessment Year: 1962
- Tax Amount: $23,500
- Tax Year: 2023
Disclosures and Reports
- Property ID: 11301170211003
Listed and Sold by Juniper Real Estate LLC
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Schools
Schools serving 209 Ridge Ave
School Districts:Evanston Community Consolidated School District 65, Evanston Township High School District 202
| Name | Grades | Distance |
|---|---|---|
Oakton Elementary School 436 Ridge Avenue, Evanston, IL 60202 | K-5 | 0.3 mi |
Chute Middle School 1400 Oakton Street, Evanston, IL 60202 | 6-8 | 0.5 mi |
Evanston Twp High School 1600 Dodge Avenue, Evanston, IL 60201 | 9-12 | 2 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 209 Ridge Ave
Date
Details
Price
Change
Source
10/08/2025
Sold
$1,300,000
-13.33%
MLS
7/31/2025
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
209 Ridge Avenue, Evanston, IL 60202 (MLS# 12434841) is a Commercial property that was sold at $1,300,000 on October 08, 2025. Want to learn more about 209 Ridge Avenue? 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.

