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    120 Keeney Street

    Evanston, IL 60202
    • $1,149,000
    • STATUS: Active
    • ON SITE: 91 days
    • MLS #: 10970804
    UPDATED: 221 min ago
    $1,149,000
    • 11
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    School District:
    65

    Description

    Owned by the same family since 1986, this three unit upgraded and remodeled vintage brick building offers the opportunity to live in the first floor unit (newly remodeled and available) and have rental income from the top two units, or it is equally attractive as an investment property fully rented at a 6.4% cap rate. Annual gross income is $100,380 total. Desirable east Evanston location just two short blocks to the lake & South Blvd beach, and walking distance to both the CTA, Metra, Main St. shops, restaurants and Lincoln School. Each unit is approximately 2000 square feet with four exposures, hardwood floors, fireplaces, two full baths, 3 or 4 bedrooms, office and front sun room. The first floor is reconfigured to feature a larger master bedroom, both brand new and refinished hardwood floors, freshly painted, new lighting fixtures, two new vanities, large open kitchen with stainless steel appliances, freshly painted interior and open family room adjacent to the dining room. Perfect for a live in owner! The second floor has long term tenants. The third floor was recently rented with a year lease. The basement is used for storage, coin laundry (estimated at $2880 annually) and an additional private finished room previously used by the owner. There is a five car on-property brick garage (currently providing additional rental income of $2700 annually). Garage is in AS IS condition. There are two additional exterior parking spaces by the back porch. All parking is accessed by the private side driveway from Keeney St. Major improvements since 2019: new modified rubber roof, repaired parapet walls, tuck pointing as needed, new boiler, new porch floors, exterior painting, back porch repairs and painting, and interior lobby and third floor unit painting. Other improvements include four separate circuit breaker boxes, two hot water heaters, and several new appliances and bathroom fixtures. Broker accompanied first showings of first floor unit only. 48 hour notice required for upper floors.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-04-15T23:53:17.527 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    120 Keeney Street Evanston, IL 60202

    • Price: $1,149,000
    • Status: Active
    • Updated: 221 min ago
    • MLS #: 10970804
    11
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    1915
    Built
    Neighborhood:
    Evanston
    County:
    Cook
    Area:
    Evanston
    Elementary School:
    Lincoln Elementary School
    Middle School:
    Nichols Middle School
    High School:
    Evanston Twp High School
    School District:
    65
    Property Description
    Owned by the same family since 1986, this three unit upgraded and remodeled vintage brick building offers the opportunity to live in the first floor unit (newly remodeled and available) and have rental income from the top two units, or it is equally attractive as an investment property fully rented at a 6.4% cap rate. Annual gross income is $100,380 total. Desirable east Evanston location just two short blocks to the lake & South Blvd beach, and walking distance to both the CTA, Metra, Main St. shops, restaurants and Lincoln School. Each unit is approximately 2000 square feet with four exposures, hardwood floors, fireplaces, two full baths, 3 or 4 bedrooms, office and front sun room. The first floor is reconfigured to feature a larger master bedroom, both brand new and refinished hardwood floors, freshly painted, new lighting fixtures, two new vanities, large open kitchen with stainless steel appliances, freshly painted interior and open family room adjacent to the dining room. Perfect for a live in owner! The second floor has long term tenants. The third floor was recently rented with a year lease. The basement is used for storage, coin laundry (estimated at $2880 annually) and an additional private finished room previously used by the owner. There is a five car on-property brick garage (currently providing additional rental income of $2700 annually). Garage is in AS IS condition. There are two additional exterior parking spaces by the back porch. All parking is accessed by the private side driveway from Keeney St. Major improvements since 2019: new modified rubber roof, repaired parapet walls, tuck pointing as needed, new boiler, new porch floors, exterior painting, back porch repairs and painting, and interior lobby and third floor unit painting. Other improvements include four separate circuit breaker boxes, two hot water heaters, and several new appliances and bathroom fixtures. Broker accompanied first showings of first floor unit only. 48 hour notice required for upper floors.
    Exterior Features

    Architectural Style Traditional Exterior Building Type Brick Exterior Features PorchStorms/Screens Garage On Site Yes Garage Ownership Owned Garage Type Detached Is Parking Includedin Price Yes Number Of Cars 7 Parking GarageSpace/S Parking Features Off Street Parking On Site Yes Parking Ownership Owned Parking Total 2 Roof Rubber Unit1 Floor Level 1 Unit2 Floor Level 2 Unit3 Floor Level 3 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building Yes Appliances Features Unit1 StoveRefrigeratorDishwasherMicrowaveFireplace-WoodGarage/SpaceHardwood Floors Appliances Features Unit2 StoveRefrigeratorDishwasherGarage/SpaceHardwood Floors Appliances Features Unit3 StoveRefrigeratorDishwasherGarage/SpaceHardwood Floors Basement Full Basement Description Partially Finished Bathrooms Total Integer 6 Bedrooms Below Grade 0 Bedrooms Possible 11 Full Baths In Building 6 Full Baths In Unit1 2 Full Baths In Unit2 2 Full Baths In Unit3 2 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Heating Natural GasSteamRadiators Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 4 Number Of Bedrooms Unit3 4 Number Of Rooms Unit1 8 Number Of Rooms Unit2 9 Number Of Rooms Unit3 9 Room Type Sun Room Rooms Total 25

    Property Features

    Age Description 100+ Years Built Before1978 YN Yes Community Features ParkCurbsSidewalksStreet LightsStreet Paved Corporate Limits Evanston Fuel Expense 3062 General Information Commuter BusCommuter Train Gross Income 100380 Insurance Expense 3159 Lease Exp Date Mo Yr Unit1 0 Lease Exp Date Mo Yr Unit2 Mtm Lease Exp Date Mo Yr Unit3 09/21 Lot Size Less Than .25 Acre Lot Size Dimensions 50 X 125 New Construction YN No Other Addl Income Coin LaundryGarage/S Property Sub Type 3 Flat Rebuilt YN No Rehab YN No Security Deposit Unit1 0 Security Deposit Unit2 2400 Security Deposit Unit3 3900 Sewer Public Sewer Special Assessments N Special Listing Conditions List Broker Must Accompany Special Service Area N Tax Annual Amount 17723 Tax Year 2019 Tenant Pays Unit1 ElectricGas Tenant Pays Unit2 ElectricGas Tenant Pays Unit3 ElectricGas Total Rental Income 94800 Unit1 Rent 2900 Unit2 Rent 2400 Unit3 Rent 2600 Water Sewer Expense 1668 Water Source Lake MichiganPublic

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Wexler Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2021-04-15T23:53:17.527 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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