$895,000 Price Analysis    ♡   Evanston, IL 60202 9 bed 6 bath unknown SqFt ($0/SqFt) Built 1903 Listed 2024-04-18, Taxes $14,338 | Ⓧ USDA Ineligible due to price & location near Evanston |
This is truly a one-of-a-kind investment property in Evanston!
947 Florence Ave. has three separate homes, 947 Florence Ave, 1516 Lee St and 1520 Lee St, on a single lot that overlooks Washington Elementary Schol. Owned by the same family for decades this wonderfully unique property has evolved into a perfect opportunity for an owner-occupant to live in one of three properties and rent out the other two, or, for an investor keen on the long-term value of owning and leasing four separate units in a prime residential setting.
947 Florence Ave is a two-flat with a two-bedroom 1st-floor apartment and a one-bedroom 2nd-floor apartment, an attached garage and a private cul-de-sac. 1520 Lee St is a two-bedroom single-story home with a large unfinished basement for storage and a shared yard. 1516 Lee St is a two-story four-bedroom and 1.5 bathroom home with a full unfinished basement. This property is located adjacent to Washington Elementary School and Robert Crown Community Center, blocks from Dodge St. retail, Nichols Middle School and ETHS. The property cannot be divided and is selling AS IS.
Presented by Geoff Brown at
Baird & Warner Evanston.
Property MLS #12029122 from MRED
Bedrooms Possible: 9
Basement Features: Full
Basement Description: Unfinished
Full Bathrooms: 5
1/2 Bathrooms: 1
Garage Description: Attached
Garage Features: Garage Door Opener(s), 7 Foot or more high garage door
Parking Total: 1
Calculated Total Monthly Association Fees: 0
High School: Evanston Twp High School
High School District: 202
Map directions Map directions Map directions Map directionsBedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 4
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 2
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Total Rooms in Unit-3: 5
Total Rooms in Unit-4: 7
Unit 2 Total Actual Rent: 780
Unit 3 Total Actual Rent: 960
Source Listing Status: Active
County: Cook
Directions: Two blocks west of Asbury, one block north of Main St.
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 10242210010000
Township: Evanston
Property Subtype: Two to Four Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2020 | $53,686 + $10,800 $64,486 | $14,338 |
| 2019 | $62,201 + $10,800 $73,001 | $14,452 |
| 2018 | $63,488 + $9,000 $72,488 | $16,814 |
| 2017 | $63,488 + $9,000 $72,488 | $14,068 |
| 2016 | $63,488 + $9,000 $72,488 | $16,194 |
| 2015 | $54,095 + $7,425 $61,520 | $15,467 |
| 2014 | $54,095 + $7,425 $61,520 | $15,383 |
| 2013 | $54,095 + $7,425 $61,520 | $11,395 |
| 2012 | $67,765 + $8,325 $76,090 | $16,773 |
| 2011 | $67,765 + $8,325 $76,090 | $15,856 |
| 2010 | $67,765 + $8,325 $76,090 | $17,308 |
| 2009 | $76,709 + $8,550 $85,259 | $17,863 |
| 2007 | $75,131 + $13,680 $88,811 | $14,323 |
| 2006 | $47,397 + $10,800 $58,197 | $10,530 |
$895,000
MRED
Foundation Details: Brick/Mortar
Property Age: 121
Architectural Style: Cottage
Water Source: Lake Michigan, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.