ClosedPrice Reduced

$565,000

$575,000
1932 EMERSON Street, Evanston, IL 60201
11 Beds3 Baths131 days
1932 EMERSON Street·Evanston, IL 60201
11Bedrooms
3Bathrooms
1925Year Built
About This Home

Welcome to this incredible opportunity! Presenting a remarkable brick 3-unit building with a solid tenant base in a sought-after location. This property offers a fantastic investment potential with three fully occupied units and the flexibility to suit various buyer preferences. This impressive building features a first-floor unit with 3 bedrooms and 1 bathroom, providing ample space for comfortable living. The second and third floors each boast a 4-bedroom, 1-bathroom unit, offering generous living spaces suitable for larger households. The versatility of these units allows for diverse rental options. All three units are currently occupied by CHA (Chicago Housing Authority) tenants, ensuring consistent and reliable rental income. The tenants are on a month-to-month lease agreement, providing the new owner with the flexibility to continue with the existing arrangements or explore longer-term lease options. They have expressed their willingness to sign longer-term leases, providing stability for the future owner. Moreover, there is the possibility of vacating one unit or more, allowing the buyer to reside in one unit while receiving investment income from the remaining units. The property generates an impressive monthly gross income of $5,437, illustrating the attractiveness and profitability of this investment opportunity. This property is a true gem, presenting multiple options for the discerning investor. Whether you are looking to maximize your rental income or seek a comfortable owner-occupied property with additional investment potential, this opportunity is ideal for you.

MLS# 11804933Listed June 9, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms11
Total Bathrooms3
Total Rooms17

Size & Structure

Year Built1925
Lot Size6250

Location

CountyCook
TownshipEvanston
Zip Code60201

Financial

List Price$565,000
Original Price$575,000
Annual Taxes (2021)$6,682
Monthly Tax Est.$557
Parcel #10131180070000
Interior Features

Heating

Natural GasForced Air

Basement

None
Exterior & Lot

Construction

Brick

Roof

Rubber
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

AssignedOff AlleyOn SiteOther
Tax & Financial
Annual Taxes
$6,682
Tax Year 2021
Monthly Tax Est.
$557
per month
Price Reduced by $10,000
Original list price: $575,000
Property Location

1932 EMERSON Street, Evanston, IL 60201Cook County

$565,000
1932 EMERSON Street
11 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
131 days on market
6250
$6,682/yr taxes
Price reduced $10,000
$3,526
estimated monthly payment
Principal & Interest
$2,969/mo
Property Tax
$557/mo
$565,000
20% — $113,000
3%50%
6.875%
3%12%
Loan Amount
$452,000
Down Payment
$113,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
YBRS Realty Inc.
Agent: Sagar Shah
Similar Homes

You May Also Like

Keep Exploring

Find Your Perfect Home

Browse available listings in Evanston and across the North Shore.

Also popular on the North Shore

REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.