318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
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318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
318 Custer Avenue
Active Under Contract

318 Custer Avenue

318 Custer Avenue, Evanston, IL 60202

$699,000
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.

5
beds

3
baths

3,920.4 Sq.Ft. lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 318 Custer Avenue, Evanston, IL 60202. We are reviewing your request and will be in touch shortly!
Myra Nimchaiyong

Myra Nimchaiyong

Features & Amenities

Interior

  • total bedrooms5
  • Total bathrooms3

Area & Lot

  • Status Active Under Contract
  • Lot Area3,920.4 Sq.Ft.
  • MLS® ID12379506
  • TypeMulti-Family
  • YEAR BUILT1957
  • NeighborhoodEvanston
  • Elementary SchoolOakton Elementary School
  • Middle SchoolChute Middle School
  • High SchoolEvanston Twp High School
  • School District202

Exterior

  • water SourceLake Michigan
  • roofAsphalt
  • parkingOff Alley, On Site, Owned
  • HEAT TYPENatural Gas, Forced Air
  • sewerPublic Sewer
  • SubstructureConcrete Perimeter

Financial

  • Sales Price$699,000
  • Real Estate Tax $9,809/yr
  • Maintenance Fee $3,600/mo
  • Zoning MULTI

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