For Sale
$1,350,000

940 Pitner Ave Evanston, IL 60202

Five Modern Lofts, Strong Cash Flow

Overview

Added:
Feb 3
Days on market:
78
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 Details for 940 Pitner Ave

Property type
Commercial real estate
Square Feet
6,700 SF
Year Built
1955

Location Insight

City
Evanston
County
Cook
State
Illinois
Latitude
42.03526
Longitude
-87.70583

FAQs

What type of property is this?
Commercial real estate - Five Modern Lofts, Strong Cash Flow
Where is the commercial real estate located?
The property is located at 940 Pitner Ave Evanston, IL.
What is the asking price?
The asking price for this property is $1,350,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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940 Pitner Ave
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