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Duplex with Shared Laundry
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2036 Sherman Avenue, Evanston, IL 60201

Leased two-unit property near Northwestern University and downtown Evanston, with tenant-paid utilities and basement laundry.

Property SizeContact for details
Days on Market132

Property Features for 2036 Sherman Avenue

General Information

Standard status Active
Property subtype Multifamily
Net Operating Income $61,010

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Amenities

shared laundry

Building Details

Year Built 1902
Listing Agency: Horvath & Tremblay
Listed By: Kelsey Zurweller · License #475205364
Source: Crexi
Added: Apr 21 Changed: Aug 30 Last Checked: Aug 30 at 6:03AM

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 Horvath & Tremblay

Investment Insights

Based on property information with market context.

This 1902 duplex contains two three-bedroom, one-bathroom units and shared laundry in the basement. Property improvements include a newer water main and mostly copper plumbing. Tenants are responsible for all utilities, including water and sewer.

The property is located near Northwestern University and downtown Evanston, providing proximity to both institutional and downtown settings. Both units are currently leased through June 2027, with a new lease signed for 2027-2028 covering the building.

Key Highlights

  • Two 3‑bedroom / 1‑bathroom units
  • 1902 construction
  • Currently leased through June of 2027

Property Analytics

Current Use

Homebase Corporate Office

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service Storage Facility Butcher Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

3,840
Businesses Nearby

Demographics for 60201, IL

44,652
Population
18,890
Households
2.4
Avg Household Size
33
Median Age
74%
College-Educated
97%
High-School Grad
4.5 sq mi
ZIP Area
9,923
Density / Sq Mi
$92,101
Median Household Income
$42,412
Median Earnings
$1,792
Median Rent
$577,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Leased two-unit property near Northwestern University and downtown Evanston, with tenant-paid utilities and basement laundry.
Where is this duplex located?
The property is located at 2036 Sherman Avenue Evanston, IL.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Two 3‑bedroom / 1‑bathroom units; 1902 construction; Currently leased through June of 2027
(312) 361-1643 Call to check price and availability
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