For Sale
$1,675,000

643 Hinman Ave Evanston, IL 60202

7-Unit Apartment Building, Evanston IL

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • $1,675,000 asking price for a seven-unit apartment building.
  • 7,914 square feet, with a price per square foot of $211.65.
  • Seven units total, including five 3-bedroom/1-bathroom units, one 4-bedroom/1-bathroom unit, and one 1-bedroom/1-bathroom unit.
  • Located at 643 Hinman Ave, Evanston, IL 60202.
  • Built in 1904, three stories, one building.
  • Includes five off-street parking spaces and a two-car garage.

Property Details for 643 Hinman Ave

Property type
Apartment buildings
Square Feet
7,914 SF
Year Built
1904
Buildings
1
Stories
3
Units
7

Location Insight

City
Evanston
County
Cook
State
Illinois
Latitude
42.03002753362
Longitude
-87.676150714846

FAQs

What type of property is this?
Apartment building - 7-Unit Apartment Building, Evanston IL
Where is the apartment building located?
The property is located at 643 Hinman Ave Evanston, IL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: $1,675,000 asking price for a seven-unit apartment building.; 7,914 square feet, with a price per square foot of $211.65.; Seven units total, including five 3-bedroom/1-bathroom units, one 4-bedroom/1-bathroom unit, and one 1-bedroom/1-bathroom unit.
How can I contact the broker?
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643 Hinman Ave
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