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    Apartment buildings

    643 Hinman Ave, Evanston, IL 60202

    7,914 SF Built 1904
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7-unit apartment building presents a compelling investment opportunity in the thriving Evanston, IL market. Located at 643 Hinman Ave, this three-story, 7,914 square foot property, built in 1904, offers a blend of classic charm and modern updates. The building comprises five spacious 3-bedroom/1-bathroom units, one 4-bedroom/1-bathroom unit, and one 1-bedroom/1-bathroom unit, all tastefully renovated. Recent improvements include updated windows (within the last five years) and an actively maintained roof. Residents enjoy convenient on-site amenities, including five off-street parking spaces in the rear and a two-car garage. Two sets of laundry facilities are located in the basement for tenant convenience. The property's strong rental history and prime Evanston location make it an ideal investment for both seasoned and new investors. With a total asking price of $1,675,000, this represents a price per unit of $239,285.71 and a price per square foot of $211.65. This is a rare chance to acquire a well-maintained, income-producing property in a highly desirable area. The property's solid construction and recent upgrades ensure long-term value and potential for appreciation. Don't miss this opportunity to own a piece of Evanston's vibrant real estate market.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1904
    Total area 7,914 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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