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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Evanston, IL
Currently Rented
Rental Income
Listed for sale 3 days ago
$ 699,900
ROI
20.2
Cash Flow/m
27- 7 Bed
- 4 Bath
- - sft
546 Dodge Ave, Evanston, IL, 60202
$ 515,000
ROI
22.3Cash Flow/m
321- 4 Bed
- 2 Bath
- - sft
1504 Pitner Ave, Evanston, IL, 60201
Currently Rented
$ 725,000
ROI
31.2Cash Flow/m
2217- 5 Bed
- 3 Bath
- - sft
1811 Greenwood St, Evanston, IL, 60201
Currently Rented
$ 860,000
ROI
25.5Cash Flow/m
1281- 6 Bed
- 2 Bath
- - sft
2036 Sherman Ave, Evanston, IL, 60201
Why Invest in Evanston, Illinois?
Investing in multifamily properties in Evanston offers a unique opportunity for real estate investors. With an average rental yield of 6.5% and a cap rate of 7%, this location is attracting both seasoned and new investors. The steady increase in average rent and a high renter-occupied rate signify a strong demand for rental properties.
10%
Avg. ROI
6.5%
Rental Yield
7%
Cap Rate
$1500/mo
Avg. Cash Flow
$2200/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
The average rent for multifamily properties in Evanston is approximately $2,200 per month, making it a competitive market for investors.
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