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    704 Florence Ave Evanston, IL 60202

    For Sale
    $950,000

    Residential Income, Contemporary - Evanston, IL

    Days on Market:
    41
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 704 Florence Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    10244130370000
    Parking
    3
    Exterior features
    Garden, Fencing
    Fencing
    Fenced

    Utilities

    Heating system
    Forced Air, Natural Gas, Zoned (Heating)

    Building Details

    Year built
    1958
    Architectural style
    Contemporary

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Paul Gorney (888) 574-9405 License #475153053

    Listing date Oct 27, 2025

    MLS# 12503186 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Evanston Gut Rehabbed Brick Duplex

    This is a gut-rehabbed all-brick two-flat building featuring updated kitchens, large bedrooms, and an open floor plan. The first unit is a five-bedroom, three-bath duplex, while the second unit offers three bedrooms and two bathrooms. Both units feature hardwood floors throughout. The first floor is currently rented for $3,250, and the second floor is rented for $2,350, with tenants responsible for gas and electric. The listing indicates potential rent increases to $4,500 and $3,200, respectively. The property includes three-car parking and central air. It is located near parks, public transportation, and schools in Evanston, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WMG Communications Marketing Consultant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Cook
    State
    Illinois
    Longitude
    -87.6950164
    Latitude
    42.0304665

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    FAQs

    What type of property is this?
    Duplex - Renovated duplex near parks, transportation, and schools in Evanston, IL.
    Where is this duplex located?
    The property is located at 704 Florence Ave Evanston, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Gut-rehabbed all-brick 2-flat with condo-like floor plans.; - Features a 5 bedroom 3 bath duplex and a 3 bedroom 2 bath unit.; - Potential for increased rental income (currently $3,250 and $2,350, can be $4,500 and $3,200).
    (888) 574-9405
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    704 Florence Ave Evanston, IL 60202
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    Evanston, IL 60202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    704 Florence Ave Evanston, IL 60202
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