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    Evanston, IL
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    Evanston, IL Multifamily Properties for Sale

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    7 properties
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    Four-Unit Quadplex with Garage
    Updated: Oct 1
    Four-Unit Quadplex with Garage

    131 CALLAN Avenue, Evanston, IL 60202

    $995,000
    Four one‑bedroom units, each spanning three levels
    Open lower‑level layouts offer potential to add a second bedroom to each unit
    Four‑car garage
    Multiple patio areas
    Built in 1955
    View details
    Multifamily Apartment Property
    Updated: Sep 21
    Multifamily Apartment Property

    1228 Oak Ave, Evanston, IL 60202

    $880,000
    Apartments arranged across three floors with studio, one‑bedroom, two‑bedroom, and three‑bedroom layouts
    Most apartments renovated or improved within the past two years
    Third‑floor two‑bedroom apartment has private stair access and was refreshed last year
    Approximately 0.4 miles from the Dempster Street Purple Line CTA station
    Approximately 0.7 miles from the Evanston Davis Street Metra station
    View details
    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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    See hot listings in Evanston

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Two-Unit Duplex
    Two-Unit Duplex

    1833 Hartrey Ave, Evanston, IL 60201

    $450,000

    Each residence has three bedrooms and one bathroom.

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    Two-Unit Duplex with Parking
    Two-Unit Duplex with Parking

    1213 Darrow Avenue, Evanston, IL 60202

    $449,000

    Flexible multi-unit property with hardwood interiors, shared laundry, and uncovered parking near shopping, dining, parks, schools, and transit.

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    Evanston Triplex with Garage Parking
    Evanston Triplex with Garage Parking

    1029 Garnett Place, Evanston, IL 60201

    Contact for pricing
    3,545 sqft 0.40 AC lot

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

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Duplex with Lower-Level Guest Space
    Duplex with Lower-Level Guest Space

    2611 Walnut Avenue, Evanston, IL 60201

    Contact for pricing

    Two separate units and a lower level with a kitchen, bath, and separate entrance.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 7 Active listings in Evanston, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 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.

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

    7520 North Ridge Boulevard, Chicago, IL 60645

    $1,840,000

    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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    Brick Two-Flat with Garage
    Brick Two-Flat with Garage

    9043 Skokie Boulevard, Skokie, IL 60077

    $650,000

    Separate utilities and a lower-level suite support flexible multifamily occupancy.

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    Brick Two-Unit Apartment Building
    Brick Two-Unit Apartment Building

    4625 Main Street, Skokie, IL 60076

    Contact for pricing

    Brick rental property with occupied apartments, tandem parking, and leases extending through May 2027.

    View details
    Rogers Park Multifamily Investment Opportunity
    Rogers Park Multifamily Investment Opportunity

    1950 W fargo Avenue, Chicago, IL 60626

    $1,000,000

    Six condos sold together, new roof, rehab potential.

    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

    Estimated value:
    $1,265,000
    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

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

    1301 Brummel St, Evanston, IL 60202-3741

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

    1301 Asbury Ave, Evanston, IL 60201

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

    1118 Darrow Ave, Evanston, IL 60202-1112

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

    3048 Central St, Evanston, IL 60201-1167

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

    1221 Darrow Ave, Evanston, IL 60202-1113

    Estimated value:
    $285,000
    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
    Estimated value:
    $480,000
    1,920 sqft 0.15 AC lot
    View details
    2009 Jackson Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    2009 Jackson Ave, Evanston, IL 60201-3539

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

    1705 Dempster St, Evanston, IL 60201-4096

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

    1818 Dodge Ave, Evanston, IL 60201-3430

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

    1206 Dewey Ave, Evanston, IL 60202-1123

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

    2755 Eastwood Ave, Evanston, IL 60201-1524

    Estimated value:
    $690,000
    3,368 sqft 0.24 AC lot
    View details
    400 Custer Ave, Unit 1
    APARTMENT HOUSE (UNDER 5 UNITS)

    400 Custer Ave, Evanston, IL 60202-2919

    Unit 1
    Estimated value:
    $440,000
    2,579 sqft 0.09 AC lot
    View details
    1817 Lyons St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1817 Lyons St, Evanston, IL 60201-3445

    Estimated value:
    $190,000
    1,917 sqft 0.09 AC lot
    View details
    9100 Forestview Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    9100 Forestview Rd, Evanston, IL 60203-1728

    Estimated value:
    $505,000
    2,651 sqft 0.23 AC lot
    View details
    9122 Ewing Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    9122 Ewing Ave, Evanston, IL 60203-1726

    Estimated value:
    $440,000
    2,244 sqft 0.12 AC lot
    View details

    Evanston, IL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Evanston, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 3,545 square feet of properties for sale, with an estimated market value of $6,524,000.

    Sale prices for multifamily properties in Evanston, IL start at $449,000, averaging $1,304,800, 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 4
    Apartment buildings 2
    Quadplexes 1
    Triplexes 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 $609.7K
    60201 $3.8M

    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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