Executive Summary
Closed: Steven Rapoport Sells 9 Unit Apartment Building in Evanston
CRER (Chicago Real Estate Resources, Inc.) presents a rare opportunity to invest in a boutique nine-unit apartment building located just down the street from Northwestern’s campus in affluent northeast Evanston.
This property offers stable returns while offering buyers an opportunity to build sweat equity by renovating units and increasing rental rates. The property has a large room in the basement with high ceilings offering the additional potential for your value-add ideas. Talk to your architect about adding additional living space or amenity space.
This highly desirable location offers tenants easy access to public transportation with the Foster Purple Line stop only a 3-minute walk away. This location is also walkable to: Northwestern University, downtown Evanston and Lighthouse & Clark Street beaches.
