Turnkey Two-Unit Residential Income

1506 Madison Street Evanston Evanston, IL 60202

Claim this Listing
New
For Sale
$600,000

Turnkey two-flat with two bedrooms per unit, updated kitchens, and separate heating and central air.

Type:Two to Four Units
Added:
Jul 9, 2026
Days on Market:
4
Last Refresh:
Jul 10 at 1:58 am

Property Features for 1506 Madison Street Evanston

General Information

Standard status
Active
Property subtype
Two to Four Units

Building Details

Year Built
1950

Listing office

Listing date Jul 9, 2026

Source Remaxadream

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Luigui Corral


Investment Insights

Based on property information with market context.

This turnkey two-flat provides two bedrooms in each unit along with tastefully updated kitchens. The first-floor unit includes a bonus lower-level family room with a full bath. Updates reported for the property include a relined sewer line to city access, separate furnaces, central air, a newer roof, and refreshed appliances in both units.

The property is located near the Robert Crown Community Center and Washington School on a sought-after tree-lined street. Outside, it offers a fenced backyard with perennial landscaping and an oversized two-car garage, providing additional practical space for tenants or residents.

With separate systems and multiple updated components, the building is presented as a ready-to-operate residential income property.

Key Highlights

  • Two‑unit two‑flat with 4 bedrooms total; both units offer 2 bedrooms
  • 3 full bathrooms total; first‑floor unit includes a bonus partially finished lower‑level family room with a full bath
  • Updated kitchens in both units, with refreshed appliances in both units

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Law Firm Hotel & Motel Tech Support Center Real Estate Agency Food Market Barber Shop (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Butcher

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

FAQs

What type of property is this?
Duplex - Turnkey two-flat with two bedrooms per unit, updated kitchens, and separate heating and central air.
Where is this duplex located?
The property is located at 1506 Madison Street Evanston Evanston, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit two‑flat with 4 bedrooms total; both units offer 2 bedrooms; 3 full bathrooms total; first‑floor unit includes a bonus partially finished lower‑level family room with a full bath; Updated kitchens in both units, with refreshed appliances in both units
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