Peter Liu - Charles Rutenberg Realty

1822 Lyons Street, EVANSTON, IL 60201 (MLS # 09768539)

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PRICE $225,000
BEDS 4
BATHS 3 full
HOME SIZE n/a
LOT SIZE n/a

Turnkey investment property in up-and-coming area of Evanston. 9.7% cap rate, 17.2% cash on cash return with realistic projected rents & expenses.* Entire building just rehabbed. Units ready for tenants to move in. Two 2 bed, 1 bath units with newer kitchen & baths, brand new appliances, new floors / carpet, mostly newer windows. All freshly painted. Laundry in basement as well as "in law" arrangement with 3 rooms & full bathroom.** Separatel utilities. Whole building newly tuck-pointed. Nothing to do but get it rented and start making money. Convenient for high school, grocery store & downtown Evanston. Sought after Willard Elementary school, Haven middle school. *Rents & expenses are projected--seller bought vacant building earlier this year. See Agent Remarks (or ask your agent) for more details. **Neither agent nor owner makes any representations as to the legality of the basement space.

DAYS ON MARKET 36 LAST UPDATED 11/16/2017
COMMUNITY Evanston COUNTY Cook
STATUS Sold PROPERTY TYPE(S) Two to Four Units

SCHOOLS
Elementary School Willard Elementary School
Jr. High School HAVEN MIDDLE SCHOOL
High School Evanston Twp High School


ADDITIONAL DETAILS
3 BR UN IN BLDG (Y/N) No
ADDITIONAL MEDIA TYPE 1 Video
ADDITIONAL ROOMS Sun/Florida Room
ADDITIONAL SALES INFORMATION None
AGE 91-100 Years
APPLIANCES/FEATURES UNIT 1 Refrigerator, Stove
APPLIANCES/FEATURES UNIT 2 None
ARE ANY PROPERTY PHOTOS VIRTUALLY STAGED? No
BASEMENT Unfinished
BASEMENT (Y/N) Full
BUILT BEFORE 1978 (Y/N) Yes
ELEMENTARY SCH DIST 65
EQUIPMENT Ceiling Fan, CO Detectors
EXTERIOR BUILDING TYPE Brick
FINANCE CODE FHA
HEAT/FUEL Gas
HIGH SCH DIST 202
JNR HIGH DIST 65
LISTING TYPE Exclusive Right To Sell
LOT DIMENSIONS 40X59
LOT SIZE Less Than .25 Acre
MANAGING BROKER (Y/N) No
OTHER INFORMATION None
PARKING TYPE None
PROPERTY TYPE Two to Four Units
RECENT REHAB (Y/N) Yes
SELLER CONCESSIONS No
SEWER Sewer-Public
SHORT SALE Not Applicable
SPECIAL ASSESSMENTS N
STATUS Closed
TAX EXEMPTIONS None
TAX YEAR 2016
TAXES 3174
TENANT PAYS - UNIT 1 Electric, Gas, Heat
TENANT PAYS - UNIT 2 Electric, Gas, Heat
TYPE-MULTI 2 Flat
WATER Lake Michigan
WATERFRONT (Y/N) No


77 Very Walkable

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