2036 Sherman Avenue

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2036 Sherman 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 available for purchase in Evanston
  • Located at 2036 Sherman Avenue in the 60201 zip code
  • Asset benefits from proximity to the Northwestern University campus
  • Positioned within an established, high-demand Chicago North Shore submarket
  • Strategic location offers excellent access to regional transit options

What's Special

Evanston serves as a significant hub within the Chicago metropolitan area, characterized by its proximity to Northwestern University and a dense, transit-oriented urban environment. The multifamily asset at 2036 Sherman Avenue occupies a central position within this vibrant North Shore community, benefiting from the consistent demand generated by academic and regional economic activity. This apartment building is well-situated for investors seeking to maintain a foothold in a stable residential market with high walkability and strong access to public transportation networks. The property profile suits long-term holding strategies focused on core residential income generation within an established, high-demand submarket. Prospective buyers can leverage the location to attract a diverse tenant base ranging from students and university faculty to professionals commuting into downtown Chicago. Given the local market demographics and ongoing interest in transit-adjacent housing, this asset provides a pragmatic addition to a multifamily portfolio, reflecting the character and steady performance typical of Evanston’s residential sector.

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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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