Evanston, IL 60202 318 Custer Avenue

318 Custer Avenue Evanston, IL - Image 1318 Custer Avenue Evanston, IL - Image 2318 Custer Avenue Evanston, IL - Image 3
29 more
318 Custer Avenue Evanston, IL - Image 4318 Custer Avenue Evanston, IL - Image 5318 Custer Avenue Evanston, IL - Image 6318 Custer Avenue Evanston, IL - Image 7318 Custer Avenue Evanston, IL - Image 8318 Custer Avenue Evanston, IL - Image 9318 Custer Avenue Evanston, IL - Image 10318 Custer Avenue Evanston, IL - Image 11318 Custer Avenue Evanston, IL - Image 12318 Custer Avenue Evanston, IL - Image 13318 Custer Avenue Evanston, IL - Image 14318 Custer Avenue Evanston, IL - Image 15318 Custer Avenue Evanston, IL - Image 16318 Custer Avenue Evanston, IL - Image 17318 Custer Avenue Evanston, IL - Image 18318 Custer Avenue Evanston, IL - Image 19318 Custer Avenue Evanston, IL - Image 20318 Custer Avenue Evanston, IL - Image 21318 Custer Avenue Evanston, IL - Image 22318 Custer Avenue Evanston, IL - Image 23318 Custer Avenue Evanston, IL - Image 24318 Custer Avenue Evanston, IL - Image 25318 Custer Avenue Evanston, IL - Image 26318 Custer Avenue Evanston, IL - Image 27318 Custer Avenue Evanston, IL - Image 28318 Custer Avenue Evanston, IL - Image 29318 Custer Avenue Evanston, IL - Image 30318 Custer Avenue Evanston, IL - Image 31318 Custer Avenue Evanston, IL - Image 32318 Custer Avenue Evanston, IL - Image 33
Presented By: Century 21 S.G.R., Inc.
  • MLS# 12379506
  • 06/03/2025
  • Request Tour
  • Request Info
  • Beds • 5
  • Baths • 3

Home Details

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.
Presented By: Century 21 S.G.R., Inc.

Interior Features for 318 Custer Avenue

Bedrooms

Bedrooms Possible5
Total Bedrooms5

Bathrooms

Full Baths Building3
Half Baths Building
Total Baths3

Other Interior Features

BasementFinished, Full
Total Number of Units3

General for 318 Custer Avenue

Additional Parcels Y/NNo
CityEvanston
Construction MaterialsBrick
CountyCook
Directionseast/west on Howard to Custer, north to property.
Electric Expense331
Elementary SchoolOakton Elementary School
Elementary School District65
Fuel Expense419
Gross Income4550
HeatingNatural Gas, Forced Air
High SchoolEvanston Twp High School
High School District202
Insurance Expense2900
MLS AreaEvanston
MaintenanceExpense3600
Middle/Junior High SchoolChute Middle School
Middle/Junior School District65
ModificationTimestamp2025-06-09T05:07:17.202Z
Net Operating Income30547
New ConstructionNo
Other StructuresShed(s)
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount9808.98
Tax Year2023
Total Rooms14
TownshipEvanston
Water Sewer Expense935
Year Built1957
ZoningMULTI

Exterior for 318 Custer Avenue

Foundation DetailsConcrete Perimeter
Lot Dimensions35 X 122
Lot Size Acres0.09
Other EquipmentCO Detectors
Parking FeaturesOff Alley, On Site, Owned
Total Parking3
Water SourceLake Michigan
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Chute Middle School
Elementary School Oakton Elementary School
High School Evanston Twp High School

Client Care

Price $699,000
MLS#12379506
List Date 06/03/2025
Property Type Multi-Family
Phone 847.485.2500
Request Tour
Request Info
Visit My Website

Similar Properties to 318 Custer Avenue