Property profile

643 Hinman Ave Evanston, IL 60202

OFF-MARKET
Apartment buildings
7,914 SF Built 1904
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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

Location

643 Hinman Ave Evanston, IL 60202
Evanston metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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