Evanston Multifamily / Mixed-Use Portfolio
Evanston, IL 60201-2867
722 Clark St & 2146 Sherman Ave
Evanston, IL 60201-2867
  • Asking Price: Call for Details
  • Property Type: Multi-Tenant
  • Status: Available
PROPERTY DETAILS:

722 Clark Street (“Clark Street”) is a 36-unit mixed-use investment opportunity featuring thirty-three (33) studio apartments and three (3) ground floor retail units. Located in the heart of downtown Evanston directly across the street from the southern boundary of Northwestern University’s main campus, the building is 100% leased, primarily to university students, with a long history of full occupancy. This rarely available offering represents a true, generational trophy investment opportunity. 2146 Sherman Avenue (“Sherman Avenue”) is a fully leased multi-family property featuring eleven (11) 2 bed / 1.5 bath apartments with an 11-car rear parking lot. This 100% leased property is primarily occupied by Northwestern-affiliated residents, located only 0.25 miles from Northwestern University's main campus, 0.5 miles north of the downtown Evanston CBD, and 0.1 miles from Noyes CTA Purple line station. Together, the properties offer a stable source of in-place income with value-add upside potential and a strong, enduring demand driver in Northwestern University. The properties may be purchased individually or together as a portfolio. Access the full OM with property financials after signing a confidentiality agreement here: http://baumrealty.listinglab.com/EvanstonMFMixedUsePortfolio/