Residential Income Property with
215 Dodge Avenue Unit F, Evanston, IL 60202
For Sale
$400,000
The fee-simple townhome has three finished levels, a private patio, and an assigned parking space.
Property Size1,700 SF
Price / SF$235.29
Days on Market32
Property Features for 215 Dodge Avenue Unit F
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private patio
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Core Realty & Investments Inc.
(773) 793-1109
Listed By:
Daryl Nelson
(847) 763-0200
Source:
Premier-relocation
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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 Core Realty & Investments Inc.
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Investment Insights
Based on property information with market context.
This fee-simple townhome in Evanston has three finished levels, with hardwood floors on the main level and a living and dining area. The eat-in kitchen includes granite countertops and stainless steel appliances. Three bedrooms and a full bathroom occupy the upper level, while the first floor also has a powder room. A lower-level family room and full-size laundry room add to the interior layout. A private patio is directly accessible from the home, and an assigned parking space is included. The roof was recently installed.
The home is part of a courtyard community at 215 Dodge Avenue in Evanston, Illinois. Built in 1968, it offers a layout spanning separate living, bedroom, and lower-level family areas.
The home is part of a courtyard community at 215 Dodge Avenue in Evanston, Illinois. Built in 1968, it offers a layout spanning separate living, bedroom, and lower-level family areas.
Key Highlights
- Three finished levels with three bedrooms
- Recently installed roof
- Private patio with direct access from the home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,721
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,420
$394.4K
Cap Rate 7%
$281,729
$281.7K
Cap Rate 9%
$219,122
$219.1K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$38.6K $22.68/SF
− Vacancy
−$2.7K −$1.59/SF
EGI
$35.9K $21.09/SF
− OpEx
−$16.1K −$9.49/SF
NOI
$19.7K $11.60/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,420
Cap Rate 7%
$281,729
Cap Rate 9%
$219,122
Alternative Uses
Best Use
Apartment 5plus
$281.7K
$246.5K – $328.7K
NOI $19,721 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 60202, IL
33,245
Population
15,024
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
96%
High-School Grad
3.1 sq mi
ZIP Area
10,724
Density / Sq Mi
$101,087
Median Household Income
$57,720
Median Earnings
$1,612
Median Rent
$381,300
Median Home Value
Market
Properties on Market for Residential income properties in Cook County
Frequently Asked Questions
What type of property is this?
Residential income property - The fee-simple townhome has three finished levels, a private patio, and an assigned parking space.
Where is this residential income property located?
The property is located at 215 Dodge Avenue Unit F Evanston, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three finished levels with three bedrooms; Recently installed roof; Private patio with direct access from the home
