9 days on rocket

2147 Ridge Ave Unit 3D, Evanston, IL, 60201

$365,000

Home List Price

$4,334*

Closing Credit

4 Bedrooms
2 Full Baths
Condo

Location

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2147 Ridge Ave Unit 3D, Evanston$365,000

Buyer Closing Credits

$4,334*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage1 space
Year Built1957
HeatingNatural Gas
MLS #12204718
StatusActive

About 2147 Ridge Ave Unit 3D

This spacious top-floor 4-bedroom, 2-bath unit is located in a Northwestern University "student apartment" building, just a 13-minute walk from campus. Nestled on a peaceful and quiet street, it's highly popular with a range of tenants, including Northwestern students, faculty, staff, and other young professionals. The property is only 0.5 miles (a 10-minute walk) from the Purple Line's Noyes Station, with convenient access to local amenities including convenience stores, restaurants, and banks. A park is just a 3-minute walk away. Recently renovated in 2023, the unit is currently fully leased to Northwestern students, all of whom are on their second-year leases until 08/31/25. The annual rental income is 38,400 (parking not included). After deducting property taxes, insurance, and the HOA, the unit achieves a 7.5+ cap rate. With a 10-year equity multiple of 3.3X, an annual return rate of 22.97/100, and a projected cash-on-cash return of over 10/100 by year three, this is an ideal investment. The current owner has held the property for nearly 20 years, benefiting from stable and lucrative returns.

Property Details

Property Features

Property Information:

  • Year Built: 1957
  • Stories: 3

Listing Office:

  • Office Name: YOUMU VENTURES LLC
  • Office Phone: (312) 888-5486
  • Listing Agent: Xiansong Liu

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Ridge Ave & Leonard Pl

Price Information

Listing Price Info

Price Summary:

  • List Price: $365,000

HOA Fees:

  • Amount: $485
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Evanston, IL.

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Evanston, IL

City

Med. Sold Price

$418.6K

Med. Price/SqFt

$292

Avg. Days On Market

15

# of Sold Homes

62

2147 Ridge Ave Unit 3D vs Evanston

9 DAYS ON ROCKET

-6 Days

$365,000

-$53.6K Less

KEY TAKEAWAY

This property is $53.6K less than the Median Sold Price in Evanston, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12204718

Listing Office:

  • Office Name: YOUMU VENTURES LLC
  • Office Phone: (312) 888-5486
  • Listing Agent: Xiansong Liu

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 10:15:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Per Month

Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-589940
4
/10

  • Kingsley Elementary School

  • 2300 Green Bay Rd

  • 0.56 miles

  • Public District Grades KG-5

school-card-donut-589941
9
/10

  • Orrington Elementary School

  • 2636 Orrington Ave

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-589942
7
/10

  • Dewey Elementary School

  • 1551 Wesley Ave

  • 0.84 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,879. The majority of Evanston, IL residents have income less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Evanston, IL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Evanston, IL?

Evanston offers a diverse array of housing options, with a mix of single-family homes, apartments, and townhouses. The architectural styles in Evanston are varied, with a significant number of homes reflecting Victorian, Prairie School, and contemporary designs. The housing market is vibrant, with a healthy balance of ownership and rental opportunities.

Is Evanston, IL a good place to live?

Evanston is celebrated for its vibrant community spirit and cultural richness. The city prides itself on its array of local events, including art festivals and farmers' markets, which reflect the community's engagement and diverse cultural identity.

Are things conveniently located in Evanston, IL?

The community benefits from a robust educational system, including multiple public and private schools that cater to a range of educational needs. Evanston is also home to renowned higher education institutions. Healthcare services are comprehensive, with several hospitals and clinics providing a spectrum of medical care. The public library system is well-developed, and the city offers a variety of retail and dining experiences that showcase the local culture.

What does the transportation in Evanston, IL look like?

Evanston features a well-organized transport infrastructure, with a network of buses and trains that facilitate convenient commuting options. The city is also bike-friendly, with numerous bike lanes and trails. Major roads and highways are easily accessible, making travel and daily commutes efficient for residents.

Frequently Asked Questions About 2147 Ridge Ave Unit 3D

What is the listing price of this property?

The listing price of 2147 Ridge Ave Unit 3D property is $365,000.

What type of property is this?

The property 2147 Ridge Ave Unit 3D is a condo located in Evanston, Illinois, 60201.

Is this property for sale now?

Active Listing: 2147 Ridge Ave Unit 3D is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 2147 Ridge Ave Unit 3D has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The sq. ft. of 2147 Ridge Ave Unit 3D is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 2147 Ridge Ave Unit 3D is 1957.

Rocket Homes›Illinois›Cook County›Evanston›60201›2147 Ridge Ave Unit 3D

This home is located at 2147 Ridge Ave Unit 3D in Evanston, IL and zip code 60201. This home was built in 1957. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $365,000.

While more than 25 listings in Evanston, IL in October 2024 were sold above asking price, there were more than 11 listings sold at asking price, and more than 26 were sold below. Between September 2024 and October 2024, Evanston, IL real estate market has seen increase in the number of listings by 2.4%. While the average time on the market in October 2024 was 15 days, the median list price was $418,631.

From Rocket Homes Real Estate and based on county public records data.

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