BEDS9
BATHS3 full
MLS#12699962
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 202
Property Description
Rare investment opportunity in Evanston's highly sought-after rental market, offering an estimated 7.00 cap rate and a 7.41 cash-on-cash return. This well-maintained two-unit property provides stable in-place income with significant upside potential through future rent increases and flexible rental strategies in one of Evanston's strongest rental markets. The property features two spacious units with distinct floor plans that appeal to a wide range of tenants. The first-floor unit is ideal for families, Northwestern University students, and young professionals. The second-floor unit includes a finished third-floor attic with three additional bedrooms and one full bathroom, creating multiple value-add opportunities and increased rental income potential. Ideally located within a five-minute walk of Ingraham Park and Foster Park, the property is surrounded by restaurants, cafes, Walgreens, and boutique shopping. Northwestern University is just a five-minute drive away, providing a strong and consistent tenant pool. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, 2108 Wesley Avenue offers an exceptional combination of immediate cash flow, long-term appreciation potential, and operational flexibility.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished, Full
Basement: Yes
Garage: 2
Heating: Steam, Radiant
Home Style: Victorian
Lot Size: 58 X 81 X 52 X 112
Roof Type: Asphalt
Taxes: $12,615
Year Built: 1899
Feature Descriptions
Exterior: Frame
Lot Dimensions: 58 X 81 X 52 X 112
Other Equipment: Ceiling Fan(s)
Parcel#: 10124240140000
Parking: Yes, Garage Owned, Attached, Garage
Sewer: Public Sewer
Total Rooms: 13
Township: Evanston
Water: Lake Michigan
Local Schools
School District: District 202
Listed By / Shown By
Listed By
Agency Name: YOUMU VENTURES LLC
Agency Phone: 312-285-2082
Shown By
Agent Name: Carol 'Korky' Williams
Agent Phone: (815) 494-7812
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 5,923.90 per month $4,578.65 Principal & Interest $1,051.25 Property Tax $294.00 Homeowner's InsuranceChange Payment Information
Carol 'Korky' Williams
Cell: (815) 494-7812
Fax: (815) 231-8676
Office Number: (815) 282-2222
Email Me
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2108 Wesley Avenue | MLS# 12699962
This multi-family property located at 2108 Wesley Avenue , Evanston, IL 60201 is currently listed for sale with an asking price of $1,008,000. Wesley Avenue is located within the District 202 school district. Search Evanston real estate on cwilliams.gogambino.com today.