Attached Home for Sale: 2147 Ridge #3D, Evanston, IL 60201

4 beds
2 full baths
$365,000
$365,000
2147 Ridge #3D, Evanston, IL 60201
4 beds
2 full baths
$365,000
Remove from
Favorites
Add to
Favorites
Add to
Trip Map
Hide Share or
Email
Price:
$365,000

Type Single Family Attached
Beds 4
Baths 2 full baths
Year Built 1957

City Evanston
County Cook
School District 202

MLS 12204718
Status Active Under Contract
This spacious top-floor 4-bedroom, 2-bath unit is located in a Northwestern University "student apartment" building, just a 13-minute walk from campus. Nestled on a peaceful and quiet street, it's highly popular with a range of tenants, including Northwestern students, faculty, staff, and other young professionals. The property is only 0.5 miles (a 10-minute walk) from the Purple Line's Noyes Station, with convenient access to local amenities including convenience stores, restaurants, and banks. A park is just a 3-minute walk away. Recently renovated in 2023, the unit is currently fully leased to Northwestern students, all of whom are on their second-year leases until 08/31/25. The annual rental income is 38,400 (parking not included). After deducting property taxes, insurance, and the HOA, the unit achieves a 7.5+ cap rate. With a 10-year equity multiple of 3.3X, an annual return rate of 22.97/100, and a projected cash-on-cash return of over 10/100 by year three, this is an ideal investment. The current owner has held the property for nearly 20 years, benefiting from stable and lucrative returns.

Room Features

Basement Description None

Lot & Building Features

Cooling Window/Wall Units - 3+
Heating Natural Gas
Parking Description Garage
Tax Year 2023
Water Public
Lot Dimensions CONDO

Community and Schools

Elementary School 65
Junior High School Haven Middle School
Senior High School Evanston Twp High School

Price History of 2147 Ridge, Evanston, IL

Date Name Price Difference
12/31/1969 Listing Price $365,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Carole Grant
Direct: 773-251-5539
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by YOUMU VENTURES LLC, Xiansong Liu
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

2147 Ridge (MLS #12204718) is a single family home located in Evanston, IL. This property was listed on 11/06/2024 and has been priced for sale at $365,000.

Nearby zip codes are 60004, 60076, 60091, 60202 and 60203. This property neighbors other cities such as Arlington Heights, Chicago, Kenilworth, Skokie and Wilmette.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: YOUMU VENTURES LLC