1202 Maple Avenue

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1202 Maple Avenue

Evanston, IL 60202
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 1202 Maple Avenue in the Evanston, Illinois market
  • This asset functions as a multifamily apartment building for investors
  • The site serves the consistent rental demand of the Evanston area
  • Evanston provides residents with excellent transit access to downtown Chicago
  • Multifamily units remain a core component of this suburban housing landscape

What's Special

Situated at 1202 Maple Avenue in Evanston, Illinois, this multifamily apartment building serves the local residential market in a well-established Chicago suburb. Evanston maintains a dense urban character influenced by its proximity to Lake Michigan and major regional academic institutions, creating a consistent demand for rental housing options. Investors seeking to expand their presence in the North Shore submarket will find this property positioned to benefit from the area's stable demographic profile and transit connectivity to downtown Chicago. Multi-unit residential properties in this corridor are well-suited for long-term rental income strategies given the strong local labor market and student population. The building provides a functional footprint for asset management, allowing for potential operational improvements or unit modernizations. Its location offers accessibility to arterial roads and public transportation networks that connect residents across the metro area. This asset represents a practical acquisition for those looking to capitalize on a steady, supply-constrained rental environment in a historic educational and commuter hub.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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