Property for Sale: 2725-27 Central, Evanston, IL 60201

$2,750,000
$2,750,000
2725-27 Central, Evanston, IL 60201
$2,750,000
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Price:
$2,750,000

Type Commercial
Year Built 1956

City Evanston
County Cook

MLS 12153057
Status Active Under Contract
The well-maintained, charming, vintage building offers 10 (1 bed/1 bath) and 4 (2 bed/1.5 bath), a common laundry and unusually large individual storage units in the basement. The mechanicals and roof are in good shape (boiler - 2014). Newer three-story windows in the entryways bring a flood of light into the common stairways. Ten parking spaces, rented at an additional cost, are available right outside the building. Rent includes heat and hot water. Tenants are responsible for electric, window air conditioners, WiFi and cable. This multifamily apartment investment opportunity is located on beautiful tree-lined Central Street in Evanston, Illinois. It is a very walkable neighborhood with a small town feel and one of a kind retail shops, restaurants, and coffee shops. It is within walking distance to the new Northwestern University athletic and event venue or a bike ride or quick drive to college classes. Evanston public transportation is outside the door and will take you to the NW campus, downtown Evanston, the lakefront or Old Orchard. The nearby Metra will get you to Chicago and the 94 Expressway is minutes away. There is a vacant, landscaped lot to the north of the property which will provide future investment opportunity. units. Property Highlights: - Never sold on the market - All units currently rented - Boiler replaced in 2014 - 10 of 14 units have updated kitchen/baths within 4 years - Recent 3 story windows in entrance foyers - 10 - 1 Bedrooms 850 sq/ft w/living & dining rooms - 4 - 2 Bedroom/1.5 baths 1000 sq/ft w/living & dining rooms - 10 parking spaces provide additional rental income - Storage spaces large enough to accommodate bicycles - The additional landscaped lot is gently enjoyed by the tenants and would provide a generous space for a communal garden and/or patio area, if not sold or used for additional units.

Lot & Building Features

Construction Brick
Cooling None
Tax Year 2022
Lot Dimensions 95 X 146 ft

Price History of 2725-27 Central, Evanston, IL

Date Name Price Difference
12/31/1969 Listing Price $2,750,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Peggie Grossman
Direct: 773-273-0050
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Berkshire Hathaway HomeServices Chicago, Mary Von Mandel & Richard DiVito
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1%
6.75%
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2725-27 Central (MLS #12153057) is a commercial listing located in Evanston, IL. This property was listed on 09/05/2024 and has been priced for sale at $2,750,000.

Nearby zip codes are 60004, 60043, 60076, 60091 and 60203. This property neighbors other cities such as Arlington Heights, Kenilworth, Skokie, Wilmette and Winnetka.

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: Berkshire Hathaway HomeServices Chicago