2303 Ridge Avenue

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2303 Ridge 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 in Evanston Illinois
  • Asset situated at 2303 Ridge Avenue zip code 60201
  • High demand rental market within the Chicago metropolitan area
  • Property suited for long-term residential investment and management
  • Accessible location near local infrastructure and regional employment hubs

What's Special

Multifamily investors seeking to expand their residential portfolio in Evanston will find this apartment building on Ridge Avenue a practical addition. Positioned within the 60201 zip code, the property benefits from its proximity to the established academic and economic infrastructure of this north shore community. Evanston serves as a high-demand submarket in the Chicago metropolitan area, characterized by consistent rental demand driven by the presence of major institutions and convenient transit access to the city center. The asset serves as a functional vehicle for long-term hold strategies, accommodating a diverse tenant base looking for connectivity to the local transit corridors and regional employment hubs. Its location provides accessibility to both local amenities and the broader North Shore landscape, making it a viable selection for those focused on stable residential management within an active urban environment. The building layout supports efficient operations for current multifamily use in a well-regarded suburban setting.

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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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