643 Hinman Ave Evanston, IL 60202
- Apartment buildings
- 7,914 SF
Current Use by Public Records
- Apartment buildings
Property Details for 643 Hinman Ave
- Year built
- 1904
- Property size
- 7,914 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Evanston
- County
- Cook
- State
- Illinois
- Longitude
- -87.6761
- Latitude
- 42.03
