318 Custer Avenue Evanston, IL 60202
Listing Courtesy of: MLS LogoMidwest Real Estate Data / Century 21 S.G.r., Inc. / Myra Nimchaiyong

  318 Custer Avenue Evanston, IL 60202

Active (5 Days)
$699,000
5
BED
3
BATH

Description

Turnkey 3-unit building in a prime Evanston location with strong rental income and significant recent upgrades. Units feature refinished hardwood floors and new kitchen flooring (2021), updated bathrooms (2021), and fresh paint throughout (2022). The garden unit was fully renovated in 2022 and is currently used as an AirBnB, with a proposed monthly rent of $1,400/month. Capital improvements include new interior and exterior doors (2021), new windows (2022), new electrical panel (2022), 3 new furnaces (2022), a new water heater (2025), new gutters (2023), tuckpointing (2021), and a flood control system installed in 2022 with ongoing annual maintenance. The 1st & 2nd floor units have central A/C. Current rent roll: 1st floor: 2 bed/1 bath at $1,525 | 2nd floor: 2 bed/1 bath at $1,625 | garden: 1 bed/1 bath proposed $1,400 for the garden unit; totaling $4,550/month and $54,600 annually. Operating expenses with estimated total expenses of $24,053.46 and NOI of $30,546.54. An outstanding opportunity for both investors and owner-occupants to acquire a well-maintained, income-producing asset ideally located near CTA, Metra, top-rated schools, downtown Evanston, and retail amenities, in a strong rental market.

MLS #:
12379506
Taxes
$9,809(2023)
Lot Size
3,920 SQFT
Type
Multifamily
Year Built
1957
School District
202,65
County
Cook County

Listed By

Myra Nimchaiyong, Century 21 S.G.r., Inc.
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Jun 7 2025 at 7:44 PM GMT+0000
Bathroom Details
Interior Features
  • Co Detectors
Property Features
  • Shed(s)
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Natural Gas
  • Forced Air
Basement Information
  • Finished
  • Full
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Lake Michigan
  • Sewer: Public Sewer
School Information
  • Elementary School: Oakton Elementary School
  • Middle School: Chute Middle School
  • High School: Evanston Twp High School
Parking
  • Off Alley
  • On Site
  • Owned
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.