Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity in the city of Evanston, Illinois. The subject property of 312 Custer is located one mile from beautiful Lake Michigan, two blocks from the Metra Station, and two blocks from St. Francis Hospital. The unit mix for the subject property consists of one three-bedroom two-bathroom garden unit, one three-bedroom one and half bathroom and den unit, and one four-bedroom one and a half bathroom unit, all measuring approximately 1,220 square feet. All three units have been rehabbed and are tenant heated. The second and third floor units include central air conditioning. The property includes a two-car garage and a fenced in backyard with a stone patio. Evanston, Illinois is one of Chicago's most sought after suburbs for homeowners and renters. Its unique mix of diversity, community, upscale neighborhoods, shopping, and transportation infrastructure make it extremely attractive for residents and investors. In addition, Evanston is home to Northwestern University, considered one of the premier universities in the United States (population over 17,000 students). Evanston is accessible by various modes of transportation, including multiple CTA "El" lines, Metra train, and Pace and CTA bus routes. An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset as well as the ability to raise current rents to conform with the current market.