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    Evanston, IL Multifamily Properties for Sale

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    Two-Building Multifamily Portfolio
    Updated: Apr 12
    Two-Building Multifamily Portfolio

    2047 W Asbury Ave, Evanston, IL 60201

    Contact for pricing
    10,000 sqft 0.27 AC lot
    Evanston Portfolio includes two multi‑family buildings at 2047 Asbury Avenue and 1009 Wesley Avenue.
    Portfolio totals nine (9) residential units in 10,000 sq ft total gross area with 9,350 sq ft of living area on 0.27 acres.
    Unit mix: seven (7) 3BR/1BA units, one (1) 2BR/1BA unit, and one (1) 1BR/1.5BA unit.
    Convenient transit access: less than 1/2 mile to Metra and CTA “L” station stops and Pace Suburban Bus stops (by property).
    Proximity to Northwestern University: less than 1 mile from Asbury Ave and about 2 miles from Wesley Ave.
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    Evanston Triplex with Garage Parking
    Updated: May 11
    Evanston Triplex with Garage Parking

    1029 Garnett Place, Evanston, IL 60201

    Contact for pricing
    3,545 sqft 0.40 AC lot
    Three (3) large 4‑Bedroom units offer substantial living space with 3,500 sq ft GLA.
    Located in Evanston, providing convenient access to downtown, retail, and residential areas.
    Excellent transportation access via Interstate 94, U.S. Route 41, CTA Purple Line, and Metra Union Pacific North Line.
    Garage parking spaces available.
    Large 0.40‑acre parcel.
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    5-Unit Mixed-Use Property
    5-Unit Mixed-Use Property

    1529 Greenleaf Street, Evanston, IL 60202

    $895,000

    Two commercial spaces accompany three updated apartments with shared outdoor space and in-unit laundry.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Other Multifamily Property
    Other Multifamily Property

    1703 Darrow Ave, Evanston, IL 60201

    $3,750,000

    For sale other multifamily asset with stabilized income and recent significant capital expenditures noted in remarks.

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    Three-Flat with Garage Parking
    Three-Flat with Garage Parking

    1016 Austin Street, Evanston, IL 60202

    $1,075,000

    Two upper residences offer four bedrooms and two full baths, complemented by a ground-level garden unit.

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    Brick Duplex with Unfinished Basement
    Brick Duplex with Unfinished Basement

    630 Dodge Avenue, Evanston, IL 60202

    $500,000

    Two separately metered residences include hardwood flooring, basement storage, and laundry hookups.

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    Mixed-Use Building with Commercial Space
    Mixed-Use Building with Commercial Space

    821 Howard St, Evanston, IL 60202

    Contact for pricing
    5,000 sqft

    Mixed-use building with commercial space and four residential units above, each with its own entrance.

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    Updated Two-Unit Residential Property
    Updated Two-Unit Residential Property

    716 Washington St, Evanston, IL 60202

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    Updated 2-flat with two 2-bedroom units, new electric, building laundry, and an exterior deck on the second floor.

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    Two-Building Multifamily Property
    Two-Building Multifamily Property

    153 Dodge Ave, Evanston, IL 60202

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    Two jumbo yellow-brick apartment buildings offer six total units with 2023 remodel updates throughout.

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    All-Brick Multifamily Building
    All-Brick Multifamily Building

    2620 Central St, Evanston, IL 60201

    Contact for pricing

    All-brick 19-unit elevator building with 21 parking spaces, with updated kitchens and window replacements.

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    Updated Two-Flat Residential Income
    Updated Two-Flat Residential Income

    2022 Colfax Street, Evanston, IL 60201

    Contact for pricing

    Updated two-flat with three-bedroom units, granite and marble finishes, central heat and AC, and in-unit laundry.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 11 Active listings in Evanston, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Well-Maintained Triplex with Oversized Lot
    Well-Maintained Triplex with Oversized Lot

    7555 North Claremont Avenue, Chicago, IL 60645

    $849,000
    5,154 sqft

    Triplex featuring three large 3-bedroom apartments with in-unit laundry and extensive modernization over the past 13 years.

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    Updated Triplex with Attached Garages
    Updated Triplex with Attached Garages

    7941 Karlov Avenue, Skokie, IL 60076

    $799,900
    4,200 sqft

    Updated triplex with three self-contained units, courtyard, and attached 2-car and 1-car garages accessed from the alley.

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    Renovated Two-Bedroom 6-Flat Pair
    Renovated Two-Bedroom 6-Flat Pair

    7520 North Ridge Boulevard, Chicago, IL 60645

    $1,950,000

    Two adjacent six-flat buildings with two-bedroom, one-bath units, and more than 75% renovated with updated kitchens and baths.

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    Updated Triplex with Attached Garages
    Updated Triplex with Attached Garages

    7941 Karlov Avenue, Skokie, IL 60076

    $799,900

    Three self-contained apartments with private living areas, full kitchens, a courtyard, and attached garage parking.

    View details

    Off-Market Properties in Evanston, IL

    Consider similar Off-Market properties in Evanston, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1317 Brummel St
    APARTMENT HOUSE (5+ UNITS)

    1317 Brummel St, Evanston, IL 60202-4803

    $1,265,000
    Estimated value
    8,067 sqft 0.19 AC lot
    View details
    1425 Dobson St
    GARDEN APT, COURT APT (5+ UNITS)

    1425 Dobson St, Evanston, IL 60202-3798

    $1,450,000
    Estimated value
    0.10 AC lot
    View details
    1301 Brummel St
    GARDEN APT, COURT APT (5+ UNITS)

    1301 Brummel St, Evanston, IL 60202-3741

    $1,450,000
    Estimated value
    0.07 AC lot
    View details
    1301 Asbury Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1301 Asbury Ave, Evanston, IL 60201

    $1,450,000
    Estimated value
    0.07 AC lot
    View details
    1118 Darrow Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1118 Darrow Ave, Evanston, IL 60202-1112

    $535,000
    Estimated value
    1,658 sqft 0.11 AC lot
    View details
    3048 Central St
    APARTMENT HOUSE (UNDER 5 UNITS)

    3048 Central St, Evanston, IL 60201-1167

    $670,000
    Estimated value
    2,304 sqft 0.10 AC lot
    View details
    1221 Darrow Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1221 Darrow Ave, Evanston, IL 60202-1113

    $285,000
    Estimated value
    2,336 sqft 0.12 AC lot
    View details
    1132 Darrow Ave, Unit 1
    APARTMENT HOUSE (UNDER 5 UNITS)

    1132 Darrow Ave, Evanston, IL 60202-1112

    Unit 1
    $480,000
    Estimated value
    1,920 sqft 0.15 AC lot
    View details
    2009 Jackson Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    2009 Jackson Ave, Evanston, IL 60201-3539

    $365,000
    Estimated value
    2,348 sqft 0.13 AC lot
    View details
    1705 Dempster St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1705 Dempster St, Evanston, IL 60201-4096

    $630,000
    Estimated value
    2,608 sqft 0.15 AC lot
    View details
    1818 Dodge Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1818 Dodge Ave, Evanston, IL 60201-3430

    $190,000
    Estimated value
    1,584 sqft 0.07 AC lot
    View details
    1206 Dewey Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1206 Dewey Ave, Evanston, IL 60202-1123

    $585,000
    Estimated value
    2,302 sqft 0.12 AC lot
    View details
    2755 Eastwood Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    2755 Eastwood Ave, Evanston, IL 60201-1524

    $690,000
    Estimated value
    3,368 sqft 0.24 AC lot
    View details

    Evanston, IL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Evanston, IL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 18,545 square feet of properties for sale, with an estimated market value of $6,220,000.

    Sale prices for multifamily properties in Evanston, IL start at $500,000, averaging $1,555,000, and reaching up to $3,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 5
    Apartment buildings 4
    Triplexes 2
    Quadplexes 1

    Demographics Overview

    Population 81K
    Population Growth (5Y) +5.3%
    Median Household Income $99,828
    College Educated 63.6%

    High-Yield Neighborhoods for Investment

    Identify Evanston submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60202 $809.5K
    60201 $1.6M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Evanston fall within the 25,000 to 50,000 square foot range.

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