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    643 Hinman Ave Evanston, IL 60202

    Sponsored
    For Sale
    $1,675,000

    Seven-unit building, updated, great location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional seven-unit multi-family property located at 643 Hinman Avenue in Evanston, Illinois, presents a compelling investment opportunity. The building boasts a desirable mix of unit sizes, including four spacious three-bedroom, one-bathroom units

    Property Features for 643 Hinman Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -87.67655
    Latitude
    42.02998

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    FAQs

    What type of property is this?
    Commercial real estate - Seven-unit building, updated, great location
    Where is this commercial real estate located?
    The property is located at 643 Hinman Ave Evanston, IL.
    What is the asking price?
    The asking price for this property is $1,675,000.
    (847) 744-5003
    Request Owner's contact information
    643 Hinman 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
    643 Hinman Ave Evanston, IL 60202
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