For more information regarding the value of a property, please contact us for a free consultation.
318 Custer AVE Evanston, IL 60202
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $690,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12379506
Bedrooms 5
Maintenance Fees $3,600
Year Built 1957
Annual Tax Amount $9,808
Tax Year 2023
Lot Size 3,920 Sqft
Property Sub-Type Two to Four Units
Property Description
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.
Location
State IL
County Cook
Area Evanston
Zoning MULTI
Interior
Heating Natural Gas, Forced Air
Equipment CO Detectors
Exterior
Roof Type Asphalt
Building
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
New Construction false
Schools
Elementary Schools Oakton Elementary School
Middle Schools Chute Middle School
High Schools Evanston Twp High School
School District 65 , 65, 202
Others
Special Listing Condition None
Read Less

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Erin Feinerman • @properties Christie's International Real Estate
GET MORE INFORMATION
Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
- Real Estate For Sale in Park Ridge, IL
- Real Estate For Sale in Niles, IL
- Real Estate For Sale in Des Plaines, IL
- Real Estate For Sale in Hinsdale, IL
- Real Estate For Sale in Addison, Illinois
- Real Estate For Sale in Arlington Heights, Illinois
- Roosevelt Elementary Park Ridge
- Washington Elementary Park Ridge
- What's My Home Worth?
- Hot Homes in Park Ridge IL HOT
- New Construction For Sale
- Home for Sale in Dyer, IN
- Newer Construction Homes For Sale In Dyer, IN
- Homes For Sale in Schererville, IN
- Newer Construction in Schereville, IN
- Single Family Homes For Sale in Westmont, IL
- Single Family Homes For Sale in Naperville, IL
- Westmont, IL Rentals
- Naperville, IL Rentals
- Park Ridge IL 3D Tours
- Elmhurst, IL 3D Tours
- Niles IL 3D Tours
- Des Plaines, IL 3D Tours
- WALK THROUGH THESE HOMES IN 3D!
- Homes For Sale in Munster, IN
- Des Plaines IL Rentals
- How to search using CBy3D.com
- Map of Open Houses Coming Up
- Recent Sales