Hunter Lisk
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Rare investment opportunity in Evanston's highly sought-after rental market, offering an estimated 7.00 cap rate and a 7.41 cash-on-cash return. This well-maintained two-unit property provides stable in-place income with significant upside potential through future rent increases and flexible rental strategies in one of Evanston's strongest rental markets. The property features two spacious units with distinct floor plans that appeal to a wide range of tenants. The first-floor unit is ideal for families, Northwestern University students, and young professionals. The second-floor unit includes a finished third-floor attic with three additional bedrooms and one full bathroom, creating multiple value-add opportunities and increased rental income potential. Ideally located within a five-minute walk of Ingraham Park and Foster Park, the property is surrounded by restaurants, cafes, Walgreens, and boutique shopping. Northwestern University is just a five-minute drive away, providing a strong and consistent tenant pool. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, 2108 Wesley Avenue offers an exceptional combination of immediate cash flow, long-term appreciation potential, and operational flexibility.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 9
Bathrooms: 3
County: Cook
Listed By:
YOUMU VENTURES LLC
312-285-2082
MRED MLS
MLS ID: 12699962
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2108 Wesley Avenue, Evanston, IL 60201.
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toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $1,008,000 | $1,008,000 | $1,008,000 |
| Down Payment | $201,600 | $35,280 | $252,000 |
| Monthly Mortgage Amount | $4,965 | $6,094 | $6,227 |
| Taxes | $1403 | $1403 | $1403 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $605 | $0 |
| Monthly Estimated Total | $6,662 | $8,396 | $7,924 |
Hunter Lisk
REALTOR®
Cell: (608) 642-2235
Licensed in IA, IL & WI
Dubuque Office
600 Star Brewery Drive
Suite 300
Dubuque, IA 52001
(563) 583-4550
Suite 300
Dubuque, IA 52001
(563) 583-4550
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