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940 Pitner Ave Evanston, IL 60202

Sponsored
For Sale
$1,350,000

Five Modern Lofts, Strong Cash Flow

Property size:
6,700 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional Evanston investment opportunity presents a portfolio of five (5) live-work loft-style apartments located at 940 Pitner Avenue. The 6,700 square foot property, originally a bow truss building, underwent a complete transformation in 2010, masterfully redesigned by a prominent local architect into a contemporary apartment community. This adaptive reuse project resulted in a highly desirable and unique property. Each of the five units boasts its own individual HVAC system and in-unit laundry facilities, enhancing tenant comfort and convenience. The building offers off-street parking, a valuable amenity in this location. The property's modern design and desirable features contribute to its strong cash flow, making it an attractive investment with minimal operational expenses. The location in Evanston, Illinois provides excellent access to local amenities and transportation. This is a rare chance to acquire a distinctive, high-quality, income-producing asset in a thriving market. The asking price is $1,350,000. The property sits on a lot with zero acres. This turnkey investment is ready for a new owner to enjoy immediate returns. The building's unique history and modern updates combine to create a truly exceptional investment opportunity.

Property Features for 940 Pitner Ave

General Information

Property type
Other commercial real estate
Square Feet
6,700 SF

Building Details

Year Built
1955

Property Profile Location Intelligence

Current Use by Public Records

Moving Dot Association Or Organization

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Evanston
County
Cook
State
Illinois
Longitude
-87.70583
Latitude
42.03526

FAQs

What type of property is this?
Commercial real estate - Five Modern Lofts, Strong Cash Flow
Where is this commercial real estate located?
The property is located at 940 Pitner Ave Evanston, IL.
What is the asking price?
The asking price for this property is $1,350,000.
More about this property
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