Evanston, IL 60202 318 Custer Avenue
$699,000



29 more






























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