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    1585 Ridge Ave, Unit 506 Evanston, IL 60201

    For Sale
    $145,000

    Move-in ready 1 bed co-op near transportation and amenities.

    Property Features for 1585 Ridge Ave

    General Information

    Interior features
    Interior Feature 1, : "Natural Gas", "Interior Feature 2": "Wall Unit(s)", "Interior Feature 3": "Radiator(s)"

    Building Details

    Year built
    1949

    Source: Jameson Sotheby's International Realty Agent Jackie Mack

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

    Overview

    Evanston Co-op with Lake Access

    This is a lovely 1 bedroom co-operative located in downtown Evanston. The move-in condition unit features high ceilings and pristine parquet flooring, complemented by a pleasant view. The living/dining room is gracious, featuring large picture windows and built-ins. The kitchen includes abundant wood cabinets, a large pantry, and a utility closet. The private, spacious bedroom is situated next to the full bathroom, which has a tub/shower and vanity. Newer windows are installed throughout the unit, along with two wall air-conditioner units. The Ridge-Davis Coop is an impeccably maintained elevator building. Assessments cover taxes, heat, air-conditioning, water, gas, and electric. Residents have access to a sunny first-floor laundry room, a common patio, and green space. Street parking is readily available in front of the building, with monthly parking options at the Maple Street & Davis Street garages. The location is advantageous, with convenient access to both Metra and "el" trains, downtown Evanston, shopping, dining, entertainment, Lake Michigan, and Northwestern University.
    Location Intelligence

    Current Use by Public Records

    Ridge Davis Co-Op ... Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -87.6881899
    Latitude
    42.0467585

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    FAQs

    What type of property is this?
    Apartment building - Move-in ready 1 bed co-op near transportation and amenities.
    Where is this apartment building located?
    The property is located at 1585 Ridge Ave, Unit 506 Evanston, IL.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Unbeatable location: walk to Metra, 'el' trains, downtown Evanston, shopping, dining, entertainment, Lake Michigan, and Northwestern University.; - Assessments cover taxes, heat, air-conditioning, water, gas, and electric.; - Move-in ready with high ceilings, pristine parquet flooring, and newer windows.
    (847) 274-6676
    Request Owner's contact information
    1585 Ridge Ave, Unit 506 Evanston, IL 60201
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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
    1585 Ridge Ave, Unit 506 Evanston, IL 60201
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