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USAILEvanston318 Custer Ave
318 Custer Ave, Home with 5 bedrooms, 3 bathrooms and 3 parking in Evanston IL | Image 1
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$699,000

318 Custer Ave, Evanston, IL

Real Estate

For Sale

$--,---,---
533
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $9,809
Days Active 13
Lot Size 
Approx. Age 1957
MLS® Number 12379506

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Highest and best due Tuesday 10am. Turnkey 3-unit building in a prime Evanston location with strong rental income and significant recent upgrades. Units feature refinished hardwood floors and new kitchen flooring (2021), updated bathrooms (2021), and fresh paint throughout (2022). The garden unit was fully renovated in 2022 and is currently used as an AirBnB, with a proposed monthly rent of $1, 400/month. Capital improvements include new interior and exterior doors (2021), new windows (2022), new electrical panel (2022), 3 new furnaces (2022), a new water heater (2025), new gutters (2023), tuckpointing (2021), and a flood control system installed in 2022 with ongoing annual maintenance. The 1st & 2nd floor units have central A/C. Current rent roll: 1st floor: 2 bed/1 bath at $1, 525 | 2nd floor: 2 bed/1 bath at $1, 625 | garden: 1 bed/1 bath proposed $1, 400 for the garden unit; totaling $4, 550/month and $54, 600 annually. Operating expenses with estimated total expenses of $24, 053.46 and NOI of $30, 546.54. An outstanding opportunity for both investors and owner-occupants to acquire a well-maintained, income-producing asset ideally located near CTA, Metra, top-rated schools, downtown Evanston, and retail amenities, in a strong rental market.Show Description
MLS® Number12379506
Laundry Level
Central VacNo
FireplaceNo
Acreage0.09
Exterior
GarageNo
Approx. Age1957
BasementFinished, Full
DrivewayOff Alley, On Site, Owned
Garage Spaces
HeatNatural Gas, Forced Air
A/C
Heating Fuel

Extras

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