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2309 Foster Street, 
Evanston, IL 60201

$459,999


4

Beds


3

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Quentin Davie

eXp Realty

Last updated:

September 6, 2025, 12:09 PM

MLS#

12464397

Source:

MLSNI

About This Home

2309 Foster Street

Investment opportunity in Evanston! This versatile duplex offers a rare combination of strong rental income, flexible layout, and house-hacking potential. Featuring a total of 4 bedrooms, 3 bathrooms, plus a unique heated bonus room with closet, the property works for both savvy investors looking for cash flow and owner-occupants hoping to produce rental income. Unit 1 (Main Level) includes 2 bedrooms, 1 bathroom, and a bonus room that has been successfully leased as a third bedroom for the past two years. It is currently occupied by a Housing Authority of Cook County (HACC) voucher tenant with a lease in place through April 2026. The unit rents for $2,899 per month, with the tenant paying $399 and HACC paying $2,500 directly to the landlord. This stable lease provides reliable, guaranteed income for the next owner. Unit 2 (Top Floor) offers 2 bedrooms and 1 bathroom. It has undergone recent updates, including a full kitchen renovation in 2022. For the past three years, it was rented to a HACC voucher tenant at $2,100 per month ($1,366 paid by HACC). The unit is now vacant, creating flexibility for the new buyer: lease it out immediately to a new tenant, or occupy it as an owner while keeping Unit 1 rented to cover a substantial portion of your expenses. Key highlights include: unique bonus room with heat and closet expanding usability of Unit 1, strong rental history with long-term Housing Authority tenants, attractive financing potential when purchased as a primary residence, use of Unit 1's guaranteed income to strengthen financing options and significantly reduce out-of-pocket housing costs, a recently updated Unit 2 that is move-in ready and ideal for tenants or an owner-occupant, and professional property management available and ready to assist with leasing Unit 2 for the next owner, ensuring a seamless transition. As-Is sale. Please respect tenant privacy - no showings of Unit 1 until after contract acceptance. With one unit already generating strong income and the second unit vacant and ready, this property practically pays for itself. Investors will appreciate the stability of a long-term HACC lease and the upside of leasing the second unit at market or voucher rates. Owner-occupants will love the ability to live in a renovated unit while dramatically reducing monthly housing expenses. This is a rare chance to secure an income-producing property in Evanston with both stability and growth potential. Contact us today for details and to take advantage of this excellent opportunity. Agent-owned.

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 1909

Price Summary

459,999

MLS #:

12464397

Last Updated:

September 6, 2025, 12:09 PM

Added:

5 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Year Built:

1909


Finances & Disclosures

Finances

Price:

$459,999

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