ClickCease 2047 Asbury Avenue, Evanston, IL 60201 | MLS 10755829 | Listing Information | Hinsdale Real Estate | McCleary Group | Megan McCleary | BHHS Chicago

2047 Asbury Avenue
Evanston, IL 60201

Acre Lot
Courtesy: RE/MAX Next
Last Updated: 12/2/2020 9:36 AM
BHHS Chicago> Illinois> Evanston> 60201
Fantastic 5 unit investment on large lot located 0.7 miles from Northwestern University's campus in Chicago's North Shore suburb of Evanston. The property consists of five, three-bedroom/one-bathroom units, measuring approximately 950 square feet each. It is located east of Green Bay Rd on a corner lot at the intersection of Simpson/Asbury/Leon. Close to the CTA Foster Purple Line stop, campus and downtown Evanston, all which capture strong rents year after year. On-site laundry and storage generates additional income. An investor could improve cash flow by updating units to achieve higher gross rents and/or assume the loan which carries a low interest rate. Evanston is a North Shore community that borders Lake Michigan, is home to Northwestern & the Kellogg School of Management. Evanston attracts residents and investors due to its diverse community, restaurants and close proximity to other upscale North Shore neighborhoods and has great public transportation. THIS PROPERTY OFFERS AN ASSUMABLE MORTGAGE AND IS ALSO A PART OF A LARGER PORTFOLIO. CAN BE SOLD IN COMBINATION OF 1009 WESLEY, EVANSTON (4 flat, MLS ID 10756103) all 5 apartments rented for 2020-2021.The leases are as follows:1 - $2,250; 2 - $2,250; 3 - $2,400;4 - $2,300; 5 - $2,300 = Total - $11,500 (not including laundry or storage) New leases are all sophomores and are likely to want to stay = potential income through August 2023.
Other, 3+ Story
0.13 Acres
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Courtesy: RE/MAX Next
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