1026 Garnett Place
Evanston, IL 60201

Status: Sold
Multi Family
13 beds
0 baths
0 sq.ft
Listing Price: $1,695,000
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About this home

Come check out this rare and incredible investment opportunity! Jumbo 4 unit property that has 13-bedrooms, 8-bathbrooms, 3-car garage, 6 tandem parking spaces and coin operated laundry! Current gross income is $155, 740 with room to increase rents. Units have been updated with newer kitchens and bathrooms. New tear off roof in 2021 and the vinyl siding was replaced in 2015. There is a storage space over the garage which could be potentially converted to an ADU/coach house. Walking distance to Northwestern University and Downtown Evanston. This is a must see!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1925
Parking Total 9
Exterior Building Type Vinyl Siding, Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Garage On-Site Yes
Parking Ownership Owned
Parking Garage,Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major Evanston
Corporate Limits Evanston
Directions On the south side of Garnett Place, just west of Maple Ave and just east of Ridge Avenue
Elementary Sch Dist 65
Heat/Fuel Natural Gas
High Sch Evanston Twp High School
High Sch Dist 202
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 65
Township Evanston
Interior Features
Basement Description Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 13
Bedrooms Possible 13
Baths Count 8
Full Baths in Building Count 8
Total Rooms 33
Units
unit 1
Beds Total 5
Baths Total 2
Actual Rent 4750
Appliances And Features Stove, Refrigerator, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 8/25
Rooms Total 7
Security Deposit 7125
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1625
unit 2
Beds Total 4
Baths Total 3
Actual Rent 2980
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 3
Lease Expiration Date 8/24
Rooms Total 7
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1572
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1400
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 1
Lease Expiration Date 8/24
Rooms Total 3
Security Deposit 2100
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 506
unit 4
Beds Total 3
Baths Total 2
Actual Rent 3000
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 2
Lease Expiration Date 8/24
Rooms Total 6
Security Deposit 4500
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 1173
Property / Lot Details
Lot Dimensions 46X110
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Financing Conventional
Gross Rental Income $155,740
Insurance Expense $3,032
Insurance Expense Source Actual
Net Oper Income $126,621
Other Addl Income Coin Laundry, Garage/s, Parking Space/s
MaintenanceExpense 2500
Rental Income 145560
Investment Profile Residential Income
Water Expense $2,340

Tax/Assessments/Liens

PIN 11181080100000
Special Assessments N
Taxes $16,725
Tax Year 2022
$1,695,000 Listing Price:
MLS # 11938438
Investment Profile Residential Income
Listing Market Time 107 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Garage,Space/s
List Date 11/29/2023
Year Built 1925
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