Property summary
This exceptional Evanston investment opportunity presents a portfolio of five (5) live-work loft-style apartments located at 940 Pitner Avenue. The 6,700 square foot property, originally a bow truss building, underwent a complete transformation in 2010, masterfully redesigned by a prominent local architect into a contemporary apartment community. This adaptive reuse project resulted in a highly desirable and unique property. Each of the five units boasts its own individual HVAC system and in-unit laundry facilities, enhancing tenant comfort and convenience. The building offers off-street parking, a valuable amenity in this location. The property's modern design and desirable features contribute to its strong cash flow, making it an attractive investment with minimal operational expenses. The location in Evanston, Illinois provides excellent access to local amenities and transportation. This is a rare chance to acquire a distinctive, high-quality, income-producing asset in a thriving market. The asking price is $1,350,000. The property sits on a lot with zero acres. This turnkey investment is ready for a new owner to enjoy immediate returns. The building's unique history and modern updates combine to create a truly exceptional investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Association Or Organization
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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