Essex Realty Group, Inc. is pleased to announce the sale of 1019 Dempster Street, located in Evanston, Illinois. The building is a classic center entrance 6 flat, with an ideal unit mix of three large 3 bed + den/1 bath and three 3 bed + den/2 bath apartments. All of the units are extremely spacious and feature hardwood floors with carpeted bedrooms, decorative fireplaces, black or white kitchen appliances, laminate countertops, walk-in pantries, steam heating and shared laundry on-site.
In addition to these 6 units, there are 4 additional units located in the basement that are currently not being rented due to their non-conformity. There may be an opportunity for a new owner to take advantage of Evanston’s Accessory Dwelling Units (ADU) ordinance to convert some of the basement units to ADU’s. The property also gives a new owner the opportunity to further improve the building and dramatically raise rents by renovating the property with new kitchens & baths, adding individual HVAC units to each apartment, and installing in-unit laundry.
Essex conducted an extensive marketing campaign resulting in 23 tours and several offers.
Evanston, Illinois, a desirable suburb of Chicago, is located 14 miles north of Chicago’s Central Business District. Bordered by Skokie to the west, Wilmette to the north and Lake Michigan to the east., Evanston is also the home of Northwestern University, which has student population of approximately 16,000 undergraduate and graduate students. Chicago’s Central Business District is easily accessible via the Davis Street and Central Street Metra Stations, as well as several CTA Purple Line Stations which are conveniently located throughout central Evanston.
Ranked in Forbes’ 2018 Top 25 Towns To Live Well’ list, Evanston has a vibrant business community, healthcare, transportation systems and is surrounded by tree-lined streets, multi-million dollar single-family homes, beautiful parks and lakefront access. Evanston has a diverse population that includes young professionals and community-minded families and features an abundance of high-end retail boutiques, trendy restaurants, cultural institutions, and outdoor activities. Several recent multi-family developments along Ridge Avenue as well as the renovation of commercial buildings in downtown Evanston have successfully attracted new residents and visitors, as well as high-end dining options to the area. This is evidenced by the opening of nearly two dozen new restaurants and breweries since the start of 2013.
- Essex Conducted an Extensive Marketing Campaign Resulting in 23 Tours and Several Offers
- Oversized 3 Bedroom/Half with 2 Bath Apartments, All Have Dens and Get Great Light
- Significant Rental Increase Achievable After Renovations
- 4 Offline Bonus Units in Basement - Possible ADU Opportunity
- Prime Location in Evanston - 4 Blocks to the City's Downtown Area
- Walkable Distance to Dempster CTA "L" Station and Main Street Metra Station