200 South Blvd. is an eight-unit multi-family investment property sitting in a desirable south/east Evanston location. This well-maintained asset features a strong tenant base with (8) 2-bed/1-bath apartments and (8) rear surface parking spaces. Major capital improvements have been completed allowing for minimal cap ex for a new investor. Also, there is a path to add value by raising rent levels to market in existing unit condition.
Nestled along the shores of Lake Michigan, Evanston, is an affluent suburb, 16 miles from the Loop, and bordered by Skokie and Wilmette. It is home to Northwestern University, which has approximately 16,000 students. Evanston’s vibrant business scene, excellent healthcare, and well-connected transportation make it a great place to live. The city’s charm is enhanced by its tree-lined streets, stunning parks, and elegant homes, drawing in a dynamic mix of students, academics, professionals, and families. Take advantage of this remarkable opportunity to own a well-maintained building with potential for rent upside in a prime area.
📈Deal Highlights:
✔ Opportunity to Add Value: current rents in existing condition are below-market which could allow a new owner to increase income as leases turn.
✔ Meticulously Maintained with Significant Capital Improvements including: a new water heater (2024), new electrical panels (2021), roof tear-off (2017), and windows (2013).
✔ Prime Evanston Location: Steps away from the CTA Purple Line “L” stop, walking distance to Lake Michigan & Chicago Ave. shopping, and easy access to the city and downtown Evanston.
For more details or to schedule a tour please contact Triton listing brokers:
Luke Wojcik
📞 (773) 610-9054
Alexander Summers
📞 (773) 733-1153
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