Connect Chicago & Midwest: Evanston Apartments Fetch Nearly $175K Per Unit
Evanston Apartments Fetch Nearly $175K Per Unit
Interra Realty’s Brad Feldman represented both the seller, Robinson Rentals, and private buyer in the $6.4-million sale of 909 Washington St., a 37-unit apartment building in the northern suburb of Evanston, IL. The price per unit was $173,000.
“One fundamental that has been reinforced during the pandemic is the importance of location, location, location,” said Feldman. “Evanston is a highly sought-after submarket where vintage buildings like this don’t trade often. The fact that the property retained near 100% occupancy and rent collection over the past year only added to its appeal, as reflected by the strong price per unit.”
Read article: Connect Chicago & Midwest