1006-08 Garnett Place, Evanston, IL, 60201

1006-08 Garnett Place Evanston, IL 60201

1006-08 Garnett Place, Evanston, IL, 60201
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,595,000
Last Verified:
Sep 19, 2022

Highlights

  • 3-unit Investment Property offers off-campus housing for NU students. Includes a 2BR/1Bath Coach House, a 4BR/1Bath apartment and a 5BR/2Bath apartment on two levels.
  • Leases secured in the Spring expire on 8/31 of the following year (current leases expire 8/31/23).
  • Within blocks of Northwestern, transportation options (Bus, METRA and CTA Purple Line) and Downtown Evanston's abundant Retail, Restaurant and Entertainment venues.
  • Additional income from 6 surface parking spaces and a 1-car Garage.
  • Under the same ownership for 18 years.
  • Zoning: R4a and Transit-Oriented Development.
  • PIN: 11-18-108-018-0000
  • Taxes: $18,744 (2020)
  • NOI: $95,000 projected for 12 months ending 8/31/23
  • Offer Price: $1,595,000

Description

Ideal for Investors looking to add to their portfolios and for first-time Investors seeking a lower-risk, secure entry to the Investment Market

tbd

Building Size: 3550sq ft
Lot Size: 0 acres


Documents

1006-08 Garnett - Marketing Sheet

Map of 1006-08 Garnett Place, Evanston, IL, 60201

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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