Courtesy of Root Realty, Inc.

821 Howard Street

Evanston, IL, 60202

$650,000

$86 per ft²
$650,000
$86 per ft²
Active
Active
 - For Sale
carpenters-square
7,480 ft²
property_type
Commercial
calendar
Built 1928
Mixed-use building in Evanston with large commercial space, with high potential on a double lot! The asset has 4 residential units above commercial space with their own entrance. Commercial space is massive approx 5,000, with additional space in the basement. With rehab budget of 250k proforma Cap is 12%, please review OM in documents for financial breakdown. Purchase price is negotiable. Showings will be Jan 10th 11am-12pm and Jan 27th 2pm-3pm. Unit Mix 2 - 1 bed 1 bath, 1 - 2 bed 1 bath, 2 - Studios Note* City of Evanston Condemned on Aug 19th and forced tenants to leave due to unaddressed violation. Most pressing is water intrusion from roof leaks that have not been corrected. Roof will most likely need to be replaced, and water damage to interior units will need to be remedied. A full gut may be needed an estimated rehab budget of 250K was used to calculate proforma returns.
MLS® ID:
11690868
Listed:
12/21/22
Updated:
2/5/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None

Exterior/Building Features

Lot Size
5,000 ft² lot

Other Property Details

Area Name
Evanston
Taxes
$14361
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cook
Pool
No
Total Stories
2
Buyer Agency Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.

 

Courtesy of Root Realty, Inc., Ayebitorofa Itima,
Listing Contact:  

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Data last updated 4:56 PM UTC, 2/5/23

 

 

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