Enticing Buyers to Evanston
908 Main Street, a 27-unit apartment building located in Evanston, IL was held in the same family for close to 40 years prior to Brad Feldman brokering the deal in January, 2021. The property was well-received in the marketplace and there were over twenty physical tours and a half-dozen offers received.
In closing just shy of $200K/unit, the building provides a great comp for the submarket and illustrates the appreciation in this highly sought after city located close to Chicago's northern border. The building itself is comprised of spacious 1Bdr and 2Bdr layouts, each having a sunroom. The asset also has 24 parking spaces located at the rear of the property. The building itself was well-maintained, but provides the new owner an ability to increase rents upon lease renewal.