Evanston, IL Multifamily Properties for Sale

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Skokie, IL Chicago, IL Wilmette, IL

6 properties

Updated: Jun 26

Turnkey Two-Flat with Two-Car Garage

1506 Madison Street, Evanston, IL 60202

$600,000

Brick two‑flat built in 1950 with separate furnaces and central air
Two‑bedroom units with updated kitchens (both units)
First‑floor unit includes a bonus lower‑level family room and a full bath
Sewer line relined to city access; public water and public sewer
Asphalt roof and refreshed appliances in both units

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Updated: Dec 29, 2025

Evanston Two-Flat with Modern Comforts

1321 Brummel Street, Evanston, IL 60202

$685,000

Two‑flat property with two separate units, each featuring three bedrooms and one bath, offering flexible living options or rental income potential.
Updated kitchens and baths in both units.
Independently controlled central heating and air conditioning in each unit.
Finished basement with separate entrance for additional living or storage space.
Fenced yard ideal for outdoor activities and relaxation.

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Evanston Triplex with Garage Parking

1029 Garnett Place, Evanston, IL 60201

$1,595,000

3,545 sqft · 0.40 AC lot

Two-story triplex in Evanston with convenient access to transportation.

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Evanston Co-op with Lake Access

1585 Ridge Avenue #506, Evanston, IL 60201

$139,000

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

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Evanston Mixed-Use Investment Opportunity

2540 Green Bay Rd, Evanston, IL 60201

$4,260,000

Mixed-use building near Metra station with retail and apartments.

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North Evanston Condo Near Transportation

2300 SHERMAN Avenue #2D, Evanston, IL 60201

$499,000

Spacious condo near downtown Evanston, transportation, and Northwestern University.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Evanston, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Turn-Key Four-Unit Quadplex

7733 N MARSHFIELD Avenue, Chicago, IL 60626

$1,150,000

Turn-key four-unit quadplex with in-unit laundry and multiple rear decks for everyday tenant convenience.

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Brick Two-Flat with Finished Basement

4826 Wright Terrace, Skokie, IL 60077

$675,000

0.08 AC lot

Two spacious 3-bedroom units plus a finished basement with coin laundry and three rear parking spaces.

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Updated Triplex with Courtyard

7941 Karlov Avenue, Skokie, IL 60076

$799,900

Three fully self-contained units with attached garages and a courtyard, currently occupied and available by appointment.

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Rogers Park Renovated Three-Flat

2044 W Birchwood Avenue, Chicago, IL 60645

$799,900

Renovated three-flat in Rogers Park with strong rental profile.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Recreational Land Bordering National Forest

V/L E Kissing Oaks Trail, Custer, MI 49405

$39,900

0.96 AC lot

RV recreational lot bordering Manistee National Forest.

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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.

APARTMENT HOUSE (5+ UNITS)

1317 Brummel St, Evanston, IL 60202-4803

$1,165,000

Estimated value

8,067 sqft · 0.19 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1425 Dobson St, Evanston, IL 60202-3798

$1,450,000

Estimated value

0.10 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1301 Brummel St, Evanston, IL 60202-3741

$1,450,000

Estimated value

0.07 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1301 Asbury Ave, Evanston, IL 60201

$1,450,000

Estimated value

0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1118 Darrow Ave, Evanston, IL 60202-1112

$535,000

Estimated value

1,658 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3048 Central St, Evanston, IL 60201-1167

$670,000

Estimated value

2,304 sqft · 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1221 Darrow Ave, Evanston, IL 60202-1113

Value Estimation by Request

2,336 sqft · 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1132 Darrow Ave, Evanston, IL 60202-1112

Unit 1

Value Estimation by Request

1,920 sqft · 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2009 Jackson Ave, Evanston, IL 60201-3539

Value Estimation by Request

2,348 sqft · 0.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1705 Dempster St, Evanston, IL 60201-4096

$630,000

Estimated value

2,608 sqft · 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1818 Dodge Ave, Evanston, IL 60201-3430

Value Estimation by Request

1,584 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1206 Dewey Ave, Evanston, IL 60202-1123

$585,000

Estimated value

2,302 sqft · 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2755 Eastwood Ave, Evanston, IL 60201-1524

$690,000

Estimated value

3,368 sqft · 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

400 Custer Ave, Evanston, IL 60202-2919

Unit 1

Value Estimation by Request

2,579 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1817 Lyons St, Evanston, IL 60201-3445

Value Estimation by Request

1,917 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

9100 Forestview Rd, Evanston, IL 60203-1728

$505,000

Estimated value

2,651 sqft · 0.23 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

9122 Ewing Ave, Evanston, IL 60203-1726

Value Estimation by Request

2,244 sqft · 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

705 Reba Pl, Evanston, IL 60202-2616

$765,000

Estimated value

2,040 sqft · 0.07 AC lot

View details

Evanston, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Evanston, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 7,945 square feet of properties for sale, with an estimated market value of $2,145,000.

Sale prices for multifamily properties in Evanston, IL start at $550,000, averaging $1,072,500, and reaching up to $1,595,000 — 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

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	$642.5K
60201	$1.4M

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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Evanston, IL Multifamily Properties for Sale

1506 Madison Street, Evanston, IL 60202

1321 Brummel Street, Evanston, IL 60202

1029 Garnett Place, Evanston, IL 60201

1585 Ridge Avenue #506, Evanston, IL 60201

2540 Green Bay Rd, Evanston, IL 60201

2300 SHERMAN Avenue #2D, Evanston, IL 60201

Opportunities in Nearby Cities

7733 N MARSHFIELD Avenue, Chicago, IL 60626

4826 Wright Terrace, Skokie, IL 60077

7941 Karlov Avenue, Skokie, IL 60076

2044 W Birchwood Avenue, Chicago, IL 60645

Potential Development Sites for Consideration

27 Oyster Bay, Lakemoor, IL 60051

976 Mesa Court, University Park, IL 60484

4418 Oakland Court, Wheatfield, IN 46392

V/L E Kissing Oaks Trail, Custer, MI 49405

Off-Market Properties in Evanston, IL

1317 Brummel St, Evanston, IL 60202-4803

1425 Dobson St, Evanston, IL 60202-3798

1301 Brummel St, Evanston, IL 60202-3741

1301 Asbury Ave, Evanston, IL 60201

1118 Darrow Ave, Evanston, IL 60202-1112

3048 Central St, Evanston, IL 60201-1167

1221 Darrow Ave, Evanston, IL 60202-1113

1132 Darrow Ave, Evanston, IL 60202-1112

2009 Jackson Ave, Evanston, IL 60201-3539

1705 Dempster St, Evanston, IL 60201-4096

1818 Dodge Ave, Evanston, IL 60201-3430

1206 Dewey Ave, Evanston, IL 60202-1123

2755 Eastwood Ave, Evanston, IL 60201-1524

400 Custer Ave, Evanston, IL 60202-2919

1817 Lyons St, Evanston, IL 60201-3445

9100 Forestview Rd, Evanston, IL 60203-1728

9122 Ewing Ave, Evanston, IL 60203-1726

705 Reba Pl, Evanston, IL 60202-2616

Evanston, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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