1504 Pitner Avenue

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1504 Pitner Avenue

Evanston, IL 60201
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).

  • Multifamily apartment building located at 1504 Pitner Avenue
  • Asset situated within the Evanston residential real estate market
  • Property offers potential for long-term rental income generation
  • Positioned in a transit-accessible area near Chicago
  • Building serves the consistent demand for local housing options

What's Special

Evanston serves as a significant residential and educational hub in the Chicago metropolitan area, characterized by its proximity to Northwestern University and robust transportation links into the city center. The multifamily apartment building at 1504 Pitner Avenue sits within this established suburban market, providing a steady residential inventory for the local workforce and student population. Given its strategic position in this desirable North Shore community, the asset represents a functional addition to a rental portfolio. Apartment buildings in this area typically support long-term investment strategies focused on demand for transit-oriented housing. The layout and location are well-suited for traditional rental operations, benefiting from the consistent appeal of the Evanston submarket.

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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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