Link Copied
$459,999
2309 Foster St, Evanston, IL
Real Estate
For Sale
$--,---,---
430
- Key Facts
- Description
- Map
Key Facts
Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $6,052
Days Active 0
Lot Size
Approx. Age 1909
MLS® Number 12464397
Property Address:
Average square foot calculated using Size range provided by listing agent.
Description
Investment opportunity in Evanston! This versatile duplex offers a rare combination of strong rental income, flexible layout, and house-hacking potential. Featuring a total of 4 bedrooms, 3 bathrooms, plus a unique heated bonus room with closet, the property works for both savvy investors looking for cash flow and owner-occupants hoping to produce rental income. Unit 1 (Main Level) includes 2 bedrooms, 1 bathroom, and a bonus room that has been successfully leased as a third bedroom for the past two years. It is currently occupied by a Housing Authority of Cook County (HACC) voucher tenant with a lease in place through April 2026. The unit rents for $2, 899 per month, with the tenant paying $399 and HACC paying $2, 500 directly to the landlord. This stable lease provides reliable, guaranteed income for the next owner. Unit 2 (Top Floor) offers 2 bedrooms and 1 bathroom. It has undergone recent updates, including a full kitchen renovation in 2022. For the past three years, it was rented to a HACC voucher tenant at $2, 100 per month ($1, 366 paid by HACC). The unit is now vacant, creating flexibility for the new buyer: lease it out immediately to a new tenant, or occupy it as an owner while keeping Unit 1 rented to cover a substantial portion of your expenses. Key highlights include: unique bonus room with heat and closet expanding usability of Unit 1, strong rental history with long-term Housing Authority tenants, attractive financing potential when purchased as a primary residence, use of Unit 1's guaranteed income to strengthen financing options and significantly reduce out-of-pocket housing costs, a recently updated Unit 2 that is move-in ready and ideal for tenants or an owner-occupant, and professional property management available and ready to assist with leasing Unit 2 for the next owner, ensuring a seamless transition. As-Is sale. Please respect tenant privacy - no showings of Unit 1 until after contract acceptance. With one unit already generating strong income and the second unit vacant and ready, this property practically pays for itself. Investors will appreciate the stability of a long-term HACC lease and the upside of leasing the second unit at market or voucher rates. Owner-occupants will love the ability to live in a renovated unit while dramatically reducing monthly housing expenses. This is a rare chance to secure an income-producing property in Evanston with both stability and growth potential. Contact us today for details and to take advantage of this excellent opportunity. Agent-owned.Show Description
MLS® Number12464397
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1909
BasementUnfinished, Full
Driveway
Garage Spaces
HeatNatural Gas
A/C
Heating Fuel
Extras
Similar Listings
Get notified of price or status changes by saving this listing