Courtesy: Concentric Realty, Inc
630-216-9689
Exceptional investment opportunity in sought-after Evanston! This 2-unit property features two spacious units, each offering 3 bedrooms and 1 bathroom, making it a perfect opportunity for investors, multi-generational living, or give you the flexibility to live in one unit and generate rental income from the other. Situated in a desirable West End neighborhood in Evanston, close to public transportation, schools, parks, and shopping, this property offers both stability and growth potential in a high-demand rental market. The building has undergone major improvements, including a brand-new roof (2026), new siding (2026), new gutters (2026) and newer heating system, as well as unit 1 being updated in 2026. There is an on site coin operated washer and dryer giving additional income. What truly sets this property apart is its incredible upside potential: The property is zoned for the opportunity to add another unit to the building (with city approval). This makes it a prime candidate for value-add investors looking to significantly increase cash flow and long-term appreciation. Whether you are looking to expand your portfolio, house hack, or execute a redevelopment strategy, this is a rare opportunity you won't want to miss. Seller is a licensed real estate agent.
Courtesy: Realtyline Co.
773-467-8300
Fully Gut-Renovated Brick Three-Flat - Steps to the Lake, Central Street & Northwestern Exceptional opportunity in one of Evanston's most sought-after locations. This landmark 1912's brick three-flat was taken to the studs and completely rebuilt in 2024 - no shortcuts, no deferred work. The original two-flat received a brand-new garden unit during renovation, creating three fully independent residences, each with its own HVAC, tankless water heater, in-unit washer/dryer, and all-new plumbing and electrical. All mechanicals as well as windows were replaced during the renovation. A new rear deck, shared yard, and patio round out a truly turnkey asset. One block to Central Street's restaurants, cafes, bakeries, and shops. Steps to Lake Michigan and Northwestern University - a location that commands premium rents and keeps vacancy near zero. All leases are coming up, giving the new owner full flexibility to reset rents to market, hand-pick tenants, or owner-occupy one unit while the other two cover the mortgage. Gross income: $112,200 NOI: $81,360 7 Cap
Courtesy: Coldwell Banker Realty
847-866-8200
Exceptional opportunity to own a beautifully updated brick 2-flat in one of Evanston's most walkable locations. First time home buyers, live in one unit and collect rent from the other. Or savvy investors, lease both and generate up to $5500. This property offers loads of opportunity for additional revenue; basement offers coin laundry for additional cash flow. Unfinished basement. Potential to finish basement as an ADU for additional revenue. Two car garage can also be rented for $300. This income-producing gem is ready to work for you but only if you get here FIRST. Unit 1 (1st Floor): 3 bed / 2 bath Currently leased at $2,080/month through 4/30/27. Unit 2 (2nd Floor): 4 bed / 2 bath Market rent $3,000. Both kitchens and all bathrooms were fully remodeled in 2022 with new countertops, stainless steel appliances, and beautifully tiled modern baths. New windows installed in 2022. Central A/C in both units. Large closets, sizable bedrooms, and a back deck made for entertaining. Walking distance to top-rated schools, retail, restaurants, and public transportation. SOLD AS IS. Schedule a showing NOW.
Courtesy: eXp Realty
888-574-9405
This classic brick two-flat is situated on an extra-wide, extra-deep lot along a beautiful tree-lined street in a prime Evanston location. Enjoy convenient access to shopping, dining, and everyday amenities, with downtown Evanston, Old Orchard Mall, and the expressway just a short distance away. Each unit offers generously sized rooms and a well-designed layout, featuring 2 bedrooms, 1 bathroom, and a versatile den or office adjacent to the second bedroom. Recent updates include a full renovation of the rear porches with new siding, gutters, and windows, as well as a newer boiler, updated heating system plumbing, remodeled bathrooms, newer appliances, updated flooring, fresh paint, and new blinds. This property is an excellent opportunity for both investors and owner-occupants alike. Completing the offering is a spacious backyard and a parking pad that accommodates up to four cars.
Courtesy: Horvath & Tremblay IL, LLC
312-361-1643
Come check out this 2-unit off Sherman Ave, just steps from Northwestern University and downtown Evanston! This property is currently leased through June of 2027. It is comprised of (2) 3-bedroom / 1-bathroom units. It features a newer water main, mostly copper plumbing and shared laundry in the basement. Tenants are responsible for all utilities, including water and sewer. This is a perfect investment to add to a portfolio or for a first time investor due to it's location to Northwestern, there is no lack of renters! New lease signed for 2027-2028 at $6,700 per month for the whole building!
Courtesy: Horvath & Tremblay IL, LLC
312-361-1643
Come check out this brick 2-unit located within close proximity to Northwestern University and downtown Evanston. It is comprised of (2) 3-bedroom / 1-bathroom units. It is leased through June of 2028 with an annual rent amount of $70,200. The tenants are responsible for all utilities. There is a 2-car garage in the rear. This is a great opportunity for a seasoned or first time investor! Minimal hands on management required.
Courtesy: Horvath & Tremblay IL, LLC
312-361-1643
Come check out this 3-unit off Maple Ave, just steps away from Northwestern University and downtown Evanston! The property is currently leased through 8/31/2027. This presents an incredible opportunity to acquire an asset in a high demand rental market. Whether it be a first time or seasoned investor, this property does not require much hands-on management - it rents itself! There has not been a single day of vacancy in the last 10 years. Tenants are responsible for all utilities. There is a 1-car garage space in the rear that is rented as well on a MTM basis. The current lease runs through June of 2026 with a total monthly rent of $7,600. The financials are based on the 2026-2027 lease. The tenants use the property as 8 bedrooms - owner nor broker make any representation as to the legality of all bedrooms.
Courtesy: Pro-Via Realty Corp.
773-968-4551
Rarely Available 2-Flat Plus Basement in McNeill's Evanston Don't miss this exceptional investment or owner-occupant opportunity in the desirable McNeill's Evanston neighborhood! This well-maintained 2-flat offers two spacious units, each featuring 3 bedrooms and 1 bathroom, beautiful hardwood floors, and newly remodeled bathrooms. The partially finished basement includes a third full bathroom, providing excellent potential for additional living space, a recreation area, or extended family accommodations. Recent updates include vinyl siding (2018) and a new roof (2019), ensuring peace of mind for years to come. Enjoy a convenient location within walking distance of Foster Park and the walking trails of Butler Park, and just minutes from Northwestern University, shops, restaurants, and transportation. Whether you're looking for a smart investment property or a place to live with income potential, this Evanston gem checks all the boxes!
Courtesy: @properties Christie's International Real Estate
312-682-8500
Brick two-flat that has been family owned for many years. This solid building offers lasting quality and excellent potential, ready for your updates and personal touch. Ideally located in a desirable Evanston neighborhood, just a short walk to the local high school and park. Features include an approximately 10-year-old roof and some window replaced, and a basement offering additional space. The property also includes a fenced backyard and a 2-car garage. Perfect opportunity for investors or owner-occupants looking to build equity in a prime location. Sold as-is.
Courtesy: Pan Realty LLC
630-983-6888
Beautifully updated two-flat in prime Evanston location! This sun-filled property features two spacious units, each offering abundant natural light and a private enclosed balcony-perfect for relaxing or entertaining. The building includes two parking spaces and is ideally situated near Metra/CTA stations, and just minutes to vibrant downtown Evanston with its shops, restaurants, and lakefront access and Northwestern University campus. Recent renovations include new windows, updated flooring, fully renovated kitchens and bathrooms, new lighting fixtures, and all new appliances including washer and dryer. In-unit washer & dryer. Major improvements also include a new AC, all new drywall, upgraded plumbing and electrical systems. This is a exceptional opportunity for both owner-occupants and investors seeking strong rental potential in a highly desirable location!
Courtesy: Horvath & Tremblay IL, LLC
312-361-1643
This 3-unit apartment building is located on a massive 7,500sf lot, serving endless potential for a new owner. The building features (3) total apartments with a total on NINE bedrooms. A new owner can continue to rent the property out as-is, rent the property to students, live in a unit, convert the whole building into a SFH, or even a developer can get creative with the large lot. Not much comes available in Evanston, especially close to Northwestern University. This one won't last long!
Courtesy: Real Broker LLC
217-960-8605
Spacious and sun-filled brick two-flat offering flexible living options and modern comforts throughout. Each unit features three generously sized bedrooms and one full bath, with updated kitchens and baths, abundant natural light, and hardwood floors. Both units offer unit-specific, independently controlled central heating and air conditioning for year-round comfort. The finished basement includes a separate entrance, providing additional living or storage possibilities. Step outside to a fenced yard-ideal for entertaining, gardening, or relaxing. Perfectly situated in a highly desirable neighborhood close to popular restaurants, shops, and entertainment, with easy access to expressways and public transportation for a seamless commute. An excellent opportunity for owner-occupants or savvy investors alike.
Courtesy: eXp Realty
888-574-9405
BEAUTIFUL - GUT REHABBED ALL BRICK 2 FLAT WITH GORGEOUS KITCHENS! LARGE BEDROOMS AND OPEN CONDO-LIKE FLOOR PLAN. 5 BEDROOM 3 BATH DUPLEX FEELS LIKE A HOUSE AND 3 BEDROOM 2 BATH UNIT ON THE TOP FLOOR. HARDWOOD FLOORS THROUGHOUT IN BOTH UNITS. RENTS ARE LOW!!TENANT PAYS GAS AND ELECTRIC. (RENTS ARE $300 under rented for each apartment for long-term tenants) STEPS AWAY FROM PARKS AS WELL AS PUBLIC TRANSPORTATION AND SCHOOLS. 3 CAR PARKING AND CENTRAL AIR . Process started to add additional living space with Evanston. Duplex can easily be separated in to two apartment, making 3 units total.
Evanston is located in Illinois. Evanston, Illinois has a population of 78,454. Evanston is more family-centric than the surrounding county with 34.12% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Evanston, Illinois is $87,345. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Evanston is 36.6 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 17.2 degrees. The average rainfall is approximately 36.4 inches per year, with 35.9 inches of snow per year.
