Multifamily

834 Judson Ave

834 Judson Ave, Evanston, IL 60202

Listing Price: $8,400,000

Cap Rate
5.37%
Number of Units
25
GRM
12.99
Occupancy
97.50%
Price/Unit
$336,000
Price/Gross SF
$299.59
Gross SF
28,038

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale 834 Judson Avenue located in Evanston, Illinois. The property is comprised of 25 units total and consists of nine one-bedroom units, six two-bedroom units, and ten three-bedroom units. The building was gut renovated in 2006 and offers a variety of spacious units for tenants to choose from. Units feature stainless steel appliances, granite counter tops, large cabinets, in-unit washer and dryer, hardwood flooring, and crown molding. In the rear of the building, tenants can opt to rent either the outdoor or indoor parking spaces. Additional parking options include renting a spot from the Evanston owned parking lot directly behind the building and across the alley, or street parking.

Tenants can take advantage of all the area has to offer including the convenience of having public transportation and shopping within walking distance. Chicago Avenue, three blocks west of the property, offers a variety of stores, bank branches, and restaurants. One block north of the property is an elementary school for tenants with younger children. South of the property is the Thomas E Snyder Park, also known as the Tot Lot, and only a 15-minute walk to South Boulevard Beach. The surrounding community has many single-family homes, condos, and apartments. Approximately two-and-a-half blocks west of the building, at Main and Chicago Avenue, tenants will find easy access to public transportation through use of the Metra Metropolitan Rail and the Chicago Transit Authoritys (CTA) Purple Line trains. Northwestern University is a short 15 minute ride North via the CTAs Purple Line. The convenience that this area offers has made this a highly desirable location for tenants.

Investment Highlights

  • Brick Courtyard Building
  • Attractive unit mix
  • Walking distance to Lake Michigan
  • Gut renovated in 2006
  • Short Walk to Public Transportation

Exclusively Listed By

  • John Bailey

    First Vice President Investments

    Email John

    License(s): IL: 475.144256, IN: RB14044239

    Chicago Downtown

  • Bill Bailey

    First Vice President Investments

    Email Bill

    License(s): IL: 475.144387

    Chicago Downtown

  • Ross Bailey

    Associate

    Email Ross

    License(s): IL: 475.173487

    Chicago Downtown

Financing By

Listing Price: $8,400,000

Cap Rate
5.37%
Number of Units
25
GRM
12.99
Occupancy
97.50%
Price/Unit
$336,000
Price/Gross SF
$299.59
Gross SF
28,038

Investment Highlights

  • Brick Courtyard Building
  • Attractive unit mix
  • Walking distance to Lake Michigan
  • Gut renovated in 2006
  • Short Walk to Public Transportation

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale 834 Judson Avenue located in Evanston, Illinois. The property is comprised of 25 units total and consists of nine one-bedroom units, six two-bedroom units, and ten three-bedroom units. The building was gut renovated in 2006 and offers a variety of spacious units for tenants to choose from. Units feature stainless steel appliances, granite counter tops, large cabinets, in-unit washer and dryer, hardwood flooring, and crown molding. In the rear of the building, tenants can opt to rent either the outdoor or indoor parking spaces. Additional parking options include renting a spot from the Evanston owned parking lot directly behind the building and across the alley, or street parking.

Tenants can take advantage of all the area has to offer including the convenience of having public transportation and shopping within walking distance. Chicago Avenue, three blocks west of the property, offers a variety of stores, bank branches, and restaurants. One block north of the property is an elementary school for tenants with younger children. South of the property is the Thomas E Snyder Park, also known as the Tot Lot, and only a 15-minute walk to South Boulevard Beach. The surrounding community has many single-family homes, condos, and apartments. Approximately two-and-a-half blocks west of the building, at Main and Chicago Avenue, tenants will find easy access to public transportation through use of the Metra Metropolitan Rail and the Chicago Transit Authoritys (CTA) Purple Line trains. Northwestern University is a short 15 minute ride North via the CTAs Purple Line. The convenience that this area offers has made this a highly desirable location for tenants.

Exclusively Listed By

  • John Bailey

    First Vice President Investments

    Email John

    License(s): IL: 475.144256, IN: RB14044239

    Chicago Downtown

  • Bill Bailey

    First Vice President Investments

    Email Bill

    License(s): IL: 475.144387

    Chicago Downtown

  • Ross Bailey

    Associate

    Email Ross

    License(s): IL: 475.173487

    Chicago Downtown

Financing By

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