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318 Custer Avenue, 
Evanston, IL 60202

$699,000


5

Beds


3

Baths


-

Sq Ft


Multi-Family

Pending

Listed by

Myra Nimchaiyong

Century 21 S.G.R., Inc.

Last updated:

June 12, 2025, 03:39 PM

MLS#

12379506

Source:

MLSNI

About This Home

318 Custer Avenue

Highest and best due Tuesday 10am. 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.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1957

Price Summary

699,000

MLS #:

12379506

Last Updated:

June 12, 2025, 03:39 PM

Added:

20 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Year Built:

1957


Lot

Lot Size (Sq. Ft):

3,920


Finances & Disclosures

Finances

Price:

$699,000

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