1740 Dodge Avenue

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1740 Dodge Avenue

Evanston, IL 60201
Asking Price
Contact for price
Asset Type
Single Family Rental Portfolio Land
Class
Class B

AI Property Summary

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

  • Parcel located at 1740 Dodge Avenue in Evanston, Illinois
  • Asset type classified specifically as land for development
  • Suitable for single-family rental portfolio expansion projects
  • Strategically positioned within the established North Shore market
  • Proximity to Chicago provides access to major regional employers

What's Special

The 1740 Dodge Avenue property in Evanston, Illinois, presents a parcel of land currently positioned for single-family rental portfolio development. This site sits within a well-established residential corridor of Evanston, a city known for its proximity to major academic institutions and direct transit connectivity to downtown Chicago. The location benefits from the steady demand characteristic of the North Shore suburban market, where access to regional employment hubs and highly rated local infrastructure remains a priority for long-term residential investors. Developing this land for single-family rental use aligns with the current housing needs of the professional demographic in the area. Given the site specifications, owners can implement a project that caters to tenants seeking proximity to educational centers and commuter infrastructure. This investment represents a strategic addition for developers or portfolio managers looking to capitalize on the sustained interest in Evanston’s rental market.

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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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