Evanston, IL 60202 209 Ridge Avenue
$1,500,000
Pending



0 more

Presented By: Juniper Real Estate LLC
Home Details
Kiser Group is pleased to exclusively offer for purchase 209 Ridge Ave, a well-maintained 10-unit apartment building ideally situated in the highly desirable community of Evanston, IL. Located just 14 miles north of downtown Chicago, Evanston is celebrated for its picturesque Lake Michigan shoreline, diverse cultural attractions, excellent public and private schools, and the prestigious presence of Northwestern University. This vibrant city offers an unparalleled quality of life, combining urban amenities with a welcoming, tree-lined residential atmosphere. Nestled on an attractive tree-lined street in a prime Evanston location, 209 Ridge Ave features a practical unit mix of four (4) spacious 2BD/1BA apartments and six (6) well-appointed 1BD/1BA apartments. The property showcases a blend of classic Evanston character and thoughtful updates. Units boast desirable features such as original hardwood floors, ample natural light, and functional layouts. Residents benefit from shared laundry facilities on-site, and convenient street parking. The property's consistent maintenance is evident, offering a stable asset for investors. 209 Ridge Ave presents a compelling investment opportunity to acquire a cash-flowing asset in Evanston's consistently strong rental market. Its prime location offers excellent walkability to local amenities, public transportation (including Metra and CTA lines), and the vibrant downtown Evanston area, ensuring enduring tenant appeal. With Evanston's robust demand for quality rental housing and its history of appreciating property values, a purchaser can significantly increase returns through improved leasing strategies and proactive management initiatives.
Presented By: Juniper Real Estate LLC
General for 209 Ridge Avenue
Additional Parcels Y/NYes
CityEvanston
CountyCook
DirectionsFrom the intersection of Western and Touhy, head north on N Western Ave. Turn right onto W Howard St, then turn left onto Ridge Ave. The total distance is 0.9 miles, and the estimated duration is 4 minu
Electric Expense
Fuel Expense12703
Gross Income157920
Insurance Expense2913
MLS AreaEvanston
MaintenanceExpense4250
ModificationTimestamp2025-09-02T16:51:01.866Z
Net Operating Income96711
Number Of Units Total10
Operating Expense58094
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusPending
StatusPending
Stories Count3
Tax Annual Amount23500
Tax Year2023
Trash Expense0
Water Sewer Expense0
Year Built1962
Exterior for 209 Ridge Avenue
Lot Dimensions8050 sq ft
Additional Details
Price History
