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940 Pitner Avenue

Evanston, IL 60202
  • $1,350,000
  • STATUS: Active Under Contract
  • ON SITE: 63 Days
  • MLS #: 12178068
Under Contract
UPDATED: 66 min ago
$1,350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

Description

940 Pitner Ave consists of five (5) live-work, loft-style apartments with off-street parking. Originally a bow truss building, the property was completely transformed into a modern, loft-style apartment community through an adaptive re-use project in 2010, completed by a renowned local architect. All units feature individual HVAC systems and in-unit laundry. The investment presents the opportunity to acquire a distinctive, cash-flowing asset with minimal operational expenses.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-04T13:06:50.97 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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940 Pitner Avenue Evanston, IL 60202

  • Price: $1,350,000
  • Status: Active Under Contract
  • On Site: 63 Days
  • Updated: 66 min ago
  • MLS #: 12178068
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1955
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
940 Pitner Ave consists of five (5) live-work, loft-style apartments with off-street parking. Originally a bow truss building, the property was completely transformed into a modern, loft-style apartment community through an adaptive re-use project in 2010, completed by a renowned local architect. All units feature individual HVAC systems and in-unit laundry. The investment presents the opportunity to acquire a distinctive, cash-flowing asset with minimal operational expenses.
Exterior Features

Outdoor Parking 1-5 Spaces Roof Structure Truss

Interior Features

Heat Ventilation Central Heat/Indiv ControlsForced Air

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 6700 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Gross Income 123720 Gross Scheduled Income 125420 Insurance Expense 2025 Maintenance Expense 1500 Mls Actual Status Contingent Net Operating Income 90905 Operating Expense 28328 Tax Annual Amount 14471 Tax Year 2023 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 10310 Type Multi Family 5+

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Flats, LLC: 312-506-3200.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-04T13:06:50.97 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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4112C Fieldstone Road
Champaign IL, 61822