318 Custer Avenue

Evanston IL 60202

0.09 ac.

Multi-Family

Last sold for $690,000

Myra Nimchaiyong, last sold this property on 30 July 2025 after 56 days on market.

Overview

Highest and best due Tuesday 10am. 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.

Features

5 bedrooms

3 bathrooms

3 carspaces

0.09 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Evanston over the last 12 months, the estimated median property value of 318 Custer Avenue is $660k.

Median value

$660k

Estimated value range

$527.5k - $774k

Median days on market

Estimated value trend

26%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Evanston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 318 Custer Avenue

2025

Sold

$690,000

30 Jul 2025 by Myra Nimchaiyong, of Century 21 S.G.R.

2021

Sold

$399,900

19 Mar 2021 by Ron Wexler, of Keller Williams Preferred Rlty

2015

Sold

$250,000

06 May 2015 by Ron Ehlers, of Jameson Sotheby's International Realty

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.