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2108 Wesley Ave

Evanston IL 60201

9
3
2
Multi-Family
Currently for sale - view listing

Overview

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.

Features

9 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
Multi-Family

Property history for 2108 Wesley Ave

2015
Sold
$440,000
29 Dec 2015 by Niki Metropoulos, of REMAX At Home | Skowhegan

Happy sellers in Evanston

~%

We have insufficient information to provide an overview of customer satisfaction for Evanston. Viewing the agent profiles, reviews and sales for Evanston can provide insights for this location.

Local market activity for 9 bedroom multi families in Evanston

In the last 12 months, 1 nine-bedroom multi family similar to 2108 Wesley Ave, have been sold.

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Sales:
(619) 566-0008
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