HOT – 7 Units – A+ Suburb – Evanston

643 Hinman Ave. Evanston, IL 60202
  • $1,725,000
  • $250,000
  • / Unit

HOT – 7 Units – A+ Suburb – Evanston

643 Hinman Ave. Evanston, IL 60202
Yearly Income $166,980
Yearly Expenses $55,416
Current Rents $166,980
Pro Forma Rents $199,200
  • 20
  • Bedrooms
  • 7
  • Bathrooms
  • 7914
  • Sq Ft
  • 1904
  • Year Built
  • 100%
  • Occupancy
  • 5
  • Parking
  • 3
  • Stories
  • Boiler Heat
  • Heating System
  • Window Units
  • Cooling System
  • Common, Paid
  • Laundry
  • 20
  • Bedrooms
  • 7
  • Bathrooms
  • 7914
  • Sq Ft
  • 1904
  • Year Built
  • 100%
  • Occupancy
  • 20
  • Parking
  • 3
  • Stories
  • Boiler Heat
  • Heating System
  • Boiler Heat
  • Cooling System
  • Common, Paid
  • Laundry

About the property

Welcome to 643 Hinman Ave. nestled in the vibrant village of Evanston, IL. This multi-unit gem comprises of 7 units, including five spacious 3-bedroom/1-bathroom units, one 4-bedroom/1-bathroom unit and one 1-bedroom/1-bathroom unit, all tastefully updated, as showcased in the provided photos. Roof is actively maintained annually, windows have been updated within the last five years. The property has 5 parking spots in the back along with a 2-car garage available. Laundry facilities consist of two sets on sited in the basement. This listing presents a rare opportunity to invest in a thoughtfully maintained and evolving property in the heart of Evanston, IL.

About the neighbourhood

  • Evanston, Illinois is a vibrant city known for its diverse population, cultural amenities, and prestigious educational institutions. Home to Northwestern University, Evanston offers a unique blend of academic excellence, historic charm, and modern urban living. With its tree-lined streets, beautiful lakefront parks, and thriving downtown district, Evanston attracts residents and visitors alike.Evanston is known for its inclusivity, with residents representing a wide range of racial, ethnic, and socioeconomic backgrounds. This diversity contributes to the city's rich cultural tapestry and vibrant community life. Evanston offers a unique blend of academic excellence, cultural richness, and urban amenities. With its diverse population, top-tier educational institutions, thriving economy, and vibrant arts and recreation scene, Evanston continues to attract residents and visitors who value community, innovation, and quality of life. As the city looks toward the future, it remains committed to fostering inclusivity, sustainability, and economic growth for all its residents.

Municipality - Investor Guide

Evanston
Transfer StampsPre Sale InspectionYearly Rental Inspection
Buyer: NCost: NoneRequired: NoRequired: Yes
Seller: YCost: YesCost: $0Cost: Varies
Notes
Transfer Stamp costs vary as follows: $5.00 for every $1,000 up to $1.5M. $7.00 for every $1,000 $1.5M - $5M. $9.00 for every $1,000 for $5M+

For a list of all Municipality requirements visit our Municipality Requirements Page

Property Documents

Rent Roll
Expenses & UT
Sales Comps
PCR
Market Report

Property Financials

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Mortgage Calculator

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Utility Table

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Total Yearly Utitlity Cost:  $15,588.00

*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.

Property Taxes

2022202120202019
Tax Amount$11,637.68$21,159.41$20,877.00$20,688.28
YOY Tax Change ($)-$9,521.73+$282.41+$188.72-$10,643.42
YOY Tax Change (%)-45.00%+1.35%+0.91%-33.97%
Current Assessed Value$118,000
Source - Public Record

For more information on assessments, property taxes, and tax appeals visit: Property Taxes

Assessed - Land$25,650
Assessed - Improved$92,350
Source - Public Record

For more information on assessments, property taxes, and tax appeals visit: Property Taxes

Walkscore

Nearby

Arts & Entertainment
Walgreens (0.08 mi)
Fair 51 reviews
Rock Star Nails & Spa - Evanston (0.08 mi)
Average 148 reviews
Club Pilates (0.16 mi)
Good 14 reviews
Education
312 Doulas (0.17 mi)
Exceptional 5 reviews
Science Cafe (0.2 mi)
Average 1 reviews
Metzger Music Studio (0.27 mi)
Exceptional 4 reviews
Food
Yofresh Yogurt Cafe (0.08 mi)
Good 88 reviews
Sketchbook Brewing Company (0.24 mi)
Exceptional 101 reviews
Kombucha Brava (0.24 mi)
Exceptional 1 reviews
Health & Medical
JD Mills Health Food (0.07 mi)
Good 50 reviews
For Eyes - Coming Soon (0.07 mi)
Good 65 reviews
Supercuts (0.08 mi)
Fair 38 reviews

Contact Information

Phu Nguyen
  • Phu Nguyen

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