2024 Maple Ave
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2024 Maple Ave
2 Unit Block of Flats £601,125 (£300,563/Unit) 6.62% Net Initial Yield Evanston, IL 60201
Investment Highlights
- Superior Location
- Upside Potential
- Transit Oriented Properties
- Affluent "North Shore" Chicago Suburb
Executive Summary
Horvath & Tremblay is pleased to present the sale of the multi-family investment Property located at 2024 Maple Avenue in Evanston, Illinois (the “Property”). The Property features a well-maintained two-story building that contains two (2) residential units comprised of one (1), 2-Bedroom/1-Bathroom unit and one (1), 3-Bedroom/1-Bathroom unit with 1,710 square feet of living area in 1,710 square feet of gross area on a 0.08-acre parcel. The property features two (2) on-site parking spaces at the rear of the Property. 2024 Maple Avenue is well-located in a highly sought-after market that is typically fully occupied with very low historical vacancy. There is a limited supply of multifamily housing in Evanston with a high demand for rental units. The Property is positioned on a quiet tree-lined street along the northern perimeter of Evanston’s central business district and offers convenient access to the Foster CTA “L” Station (350 feet) and the Davis Street/Evanston Metra and Davis CTA “L” Stations (0.5-miles). The Property is also just 0.2-miles from a Pace Suburban Bus stop and is 0.5-miles from Northwestern University.
Property Facts
Price | £601,125 | Building Class | C |
Price Per Unit | £300,563 | Lot Size | 0.08 AC |
Sale Type | Investment | Building Size | 1,710 SF |
Net Initial Yield | 6.62% | Average Occupancy | 100% |
No. Units | 2 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1864 |
Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
Price | £601,125 |
Price Per Unit | £300,563 |
Sale Type | Investment |
Net Initial Yield | 6.62% |
No. Units | 2 |
Property Type | Residential |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.08 AC |
Building Size | 1,710 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1864 |
Parking Ratio | 1.17/1,000 SF |
Walk Score ®
Very Walkable (88)
Bike Score ®
Biker's Paradise (99)
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2024 Maple Ave
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