Kate Schumacher Real Estate Team

777 Hinman Avenue
EVANSTON, IL 60202

Active

$3,200,000

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  • 1966 Year Built

  • 12/18/2017 List Date

  • 15,473 Bldg Sq Feet

Here is a great opportunity for investors to de-convert 11 condominium units into luxurious rental properties. This property is close to Northwestern University, one block from the Main Street Metra and CTA stations, near downtown Evanston, and only three blocks from Lake Michigan. The building includes 1 three-bedroom unit and 10 two-bedroom units. The three-bedroom unit has two full baths and each two-bedroom unit has one full and one half bathrooms. All the units have a dedicated garage parking space and the exterior brick facade is well maintained and most units are updated making this property a solid luxury rental opportunity. An investor can expect to increase rents with just nominal improvements such as adding gas forced air and laundry to each unit. These units will easily attract renters willing to pay a premium for a nicely-appointed property close to Northwestern University, or those seeking easy access to downtown Chicago.
MLS#
09820744
Property Type
Commercial
original price
$3,200,000

Additional Details

Exterior

Multi Family Details

This listing 777 Hinman Avenue Evanston, Il 60202 is a multi family 5+ listing . 777 Hinman Avenue was built in 1966. 777 Hinman Avenue is located in Evanston and in ZIP Code 60202. It has been listed on our site since 12/18/17.

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Evanston

Evanston

Home to Northwestern University, Evanston is an affluent suburb of the city of Chicago.  It’s perfect for raising a family if you enjoy all of the perks a city has to offer.    

*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

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