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    Evanston, IL
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    Evanston, IL Residential Income Properties for Sale

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    Updated Townhouse Income Property
    Updated: Aug 14
    Updated Townhouse Income Property

    1834 Ridge Avenue Unit: 102, Evanston, IL 60201

    $415,000
    1,380 sqft
    2‑bed/1.5‑bath townhouse with loft and private deck
    1,380 SF residential income property in Evanston
    One heated garage parking spot plus extra storage and separate storage closet
    2025 improvements include windows, fixtures, carpet, kitchen updates, and bathroom fixtures
    2024 water heater and Samsung Washer & Dryer; HVAC system installed in 2022
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    This listing looks promising.

    Here's a quick look at some key insights for

    1834 Ridge Avenue Unit: 102, Evanston, IL 60201

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    • Est. Cap Rate

      3.9%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $229K
      Suggested

    • Property Type

      Condominium
      Built 1920
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    Two-Building Multifamily Portfolio
    Updated: Apr 12
    Two-Building Multifamily Portfolio

    2047 W Asbury Ave, Evanston, IL 60201

    Contact for pricing
    10,000 sqft 0.27 AC lot
    Evanston Portfolio includes two multi‑family buildings at 2047 Asbury Avenue and 1009 Wesley Avenue.
    Portfolio totals nine (9) residential units in 10,000 sq ft total gross area with 9,350 sq ft of living area on 0.27 acres.
    Unit mix: seven (7) 3BR/1BA units, one (1) 2BR/1BA unit, and one (1) 1BR/1.5BA unit.
    Convenient transit access: less than 1/2 mile to Metra and CTA “L” station stops and Pace Suburban Bus stops (by property).
    Proximity to Northwestern University: less than 1 mile from Asbury Ave and about 2 miles from Wesley Ave.
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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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    5-Unit Mixed-Use Property
    5-Unit Mixed-Use Property

    1529 Greenleaf Street, Evanston, IL 60202

    $895,000

    Two commercial spaces accompany three updated apartments with shared outdoor space and in-unit laundry.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    Three-Unit Mixed-Use Building
    Three-Unit Mixed-Use Building

    629 W HOWARD Street, Evanston, IL 60202

    $699,000

    Brick commercial-residential property with a restaurant, outdoor patio, two residences, parking, and a usable basement.

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    Three-Flat with Garage Parking
    Three-Flat with Garage Parking

    1016 Austin Street, Evanston, IL 60202

    $1,075,000

    Two upper residences offer four bedrooms and two full baths, complemented by a ground-level garden unit.

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    Brick Duplex with Unfinished Basement
    Brick Duplex with Unfinished Basement

    630 Dodge Avenue, Evanston, IL 60202

    $500,000

    Two separately metered residences include hardwood flooring, basement storage, and laundry hookups.

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    Mixed-Use Building with Commercial Space
    Mixed-Use Building with Commercial Space

    821 Howard St, Evanston, IL 60202

    Contact for pricing
    5,000 sqft

    Mixed-use building with commercial space and four residential units above, each with its own entrance.

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    Updated Two-Unit Residential Property
    Updated Two-Unit Residential Property

    716 Washington St, Evanston, IL 60202

    Contact for pricing

    Updated 2-flat with two 2-bedroom units, new electric, building laundry, and an exterior deck on the second floor.

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    Two-Building Multifamily Property
    Two-Building Multifamily Property

    153 Dodge Ave, Evanston, IL 60202

    Contact for pricing

    Two jumbo yellow-brick apartment buildings offer six total units with 2023 remodel updates throughout.

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    All-Brick Multifamily Building
    All-Brick Multifamily Building

    2620 Central St, Evanston, IL 60201

    Contact for pricing

    All-brick 19-unit elevator building with 21 parking spaces, with updated kitchens and window replacements.

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    Updated Two-Flat Residential Income
    Updated Two-Flat Residential Income

    2022 Colfax Street, Evanston, IL 60201

    Contact for pricing

    Updated two-flat with three-bedroom units, granite and marble finishes, central heat and AC, and in-unit laundry.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in Evanston, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Well-Maintained Triplex with Oversized Lot
    Well-Maintained Triplex with Oversized Lot

    7555 North Claremont Avenue, Chicago, IL 60645

    $849,000
    5,154 sqft

    Triplex featuring three large 3-bedroom apartments with in-unit laundry and extensive modernization over the past 13 years.

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    Updated Triplex with Attached Garages
    Updated Triplex with Attached Garages

    7941 Karlov Avenue, Skokie, IL 60076

    $799,900
    4,200 sqft

    Updated triplex with three self-contained units, courtyard, and attached 2-car and 1-car garages accessed from the alley.

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

    7520 North Ridge Boulevard, Chicago, IL 60645

    $1,950,000

    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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    Triplex with Courtyard and Attached Garages
    Triplex with Courtyard and Attached Garages

    7941 Karlov Avenue, Skokie, IL 60076

    $799,900

    Updated brick triplex with three self-contained units, a courtyard, and attached garage parking plus natural gas heat.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Evanston TOD Development Site
    Evanston TOD Development Site

    609 Dempster Street, Evanston, IL 60201

    Contact for pricing
    12,113 sqft 0.50 AC lot

    Half-acre commercial land suitable for transit-oriented development.

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    Vacant Lot in Evanston Neighborhood
    Vacant Lot in Evanston Neighborhood

    1832 Hovland Court, Evanston, IL 60201

    $110,000

    Vacant lot in desirable Evanston neighborhood, perfect for custom build.

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    Morton Grove Residential Lot
    Morton Grove Residential Lot

    5804 Madison Street, Morton Grove, IL 60053

    $379,000
    0.14 AC lot

    6200 sq ft lot with existing house.

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    Northfield Land For Sale
    Northfield Land For Sale

    118 Dickens Road, Northfield, IL 60093

    $1,390,000
    1.36 AC lot

    1.36 acre commercial land available in Northfield, Illinois.

    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

    $1,265,000
    Estimated value
    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

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

    1301 Brummel St, Evanston, IL 60202-3741

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

    1301 Asbury Ave, Evanston, IL 60201

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

    1118 Darrow Ave, Evanston, IL 60202-1112

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

    3048 Central St, Evanston, IL 60201-1167

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

    1221 Darrow Ave, Evanston, IL 60202-1113

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

    2009 Jackson Ave, Evanston, IL 60201-3539

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

    1705 Dempster St, Evanston, IL 60201-4096

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

    1818 Dodge Ave, Evanston, IL 60201-3430

    $190,000
    Estimated value
    1,584 sqft 0.07 AC lot
    View details

    Evanston, IL Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Evanston, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 19,925 square feet of properties for sale, with an estimated market value of $7,334,000.

    Sale prices for residential income properties in Evanston, IL start at $415,000, averaging $1,222,333, 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

    Multifamily properties 14
    Duplexes 5
    Apartment buildings 4
    Triplexes 2
    Quadplexes 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 $809.5K
    60201 $1.6M

    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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    Most Searched ZIP Codes in Evanston, IL

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