Rare income opportunity two-unit house close to Northwestern campus in Evanston. This property is yielding a 7% cap rate at the asking price. A short 10-minute walk to the Northwestern campus, the owner has consistently rented to Northwestern students for 15 years. The property is currently rented until September of 2021. Current tenants are willing to extend the lease for another year. Keep it as an investment property or convert it to a single-family home. You can increase rent with some minor updates. Currently rented for $4,600/month ($2,300 per unit). Tenants pay for all utilities. The first floor has 2 large bedrooms, 1 bath, and a sunroom/office. The second floor offers 4 bedrooms and 1 bath. Laundry located in the basement. 2 car garage. Low maintenance as this out-of-state owner has managed this property with a handyman for over 15 years. Great location close to downtown Evanston, Northwestern campus, Lake Michigan, Metra, and Foster St. Purple Line. This home is sold AS-IS.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
7
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
5,635 Sq. Ft.
Year renovated
—
Sq. Ft.
2,749
Year built
1912
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
11181010290000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 12, 2026.
R4A
General Residential District
The R4a general residential district is intended to protect the residential character of this district by providing for a mix of residential types at a medium density in terms of number of dwellings and mass of structures compatible with the single-and two-family detached structures which predominate in this district.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Neighborhood center
Park & open space
Oct 8, 2025 • Final
Plumbing only
Replace the water service line from the buffalo box to the house.
Plumbing
Feb 5, 2022 • Active
Residential interior remodel - for single-family homes, townhomes, and 2-unit residential buildings only
Perform an interior remodel of a bedroom and bathroom.
Bathroom
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.