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$699,000
2 Days On Site

318 Custer Avenue
Evanston, IL 60202

For Sale|Multi Family|Active
5
Beds
3
Total Baths
1957
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 S.G.R., Inc.
Call Now: 847-380-8388
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847-380-8388
Upcoming Open Houses
Fri, Jun 6, 5:00 PM – 7:00 PM
Sat, Jun 7, 11:00 AM – 1:00 PM
318 Custer Avenue318 Custer Avenue318 Custer Avenue318 Custer Avenue
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Monthly Payment (Est.)

$3,189
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

Turnkey 3-unit building in a prime Evanston location with strong rental income and significant recent upgrades. Units feature refinished hardwood floors and new kitchen flooring (2021), updated bathrooms (2021), and fresh paint throughout (2022). The garden unit was fully renovated in 2022 and is currently used as an AirBnB, with a proposed monthly rent of $1,400/month. Capital improvements include new interior and exterior doors (2021), new windows (2022), new electrical panel (2022), 3 new furnaces (2022), a new water heater (2025), new gutters (2023), tuckpointing (2021), and a flood control system installed in 2022 with ongoing annual maintenance. The 1st & 2nd floor units have central A/C. Current rent roll: 1st floor: 2 bed/1 bath at $1,525 | 2nd floor: 2 bed/1 bath at $1,625 | garden: 1 bed/1 bath proposed $1,400 for the garden unit; totaling $4,550/month and $54,600 annually. Operating expenses with estimated total expenses of $24,053.46 and NOI of $30,546.54. An outstanding opportunity for both investors and owner-occupants to acquire a well-maintained, income-producing asset ideally located near CTA, Metra, top-rated schools, downtown Evanston, and retail amenities, in a strong rental market.

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Listing Snapshot
Price 
$699,000
Days On Site 
2 Days
Bedrooms 
5
Inside Area (SqFt) 
N/A
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.09 Acres
Year Built 
1957
MLS® Number 
12379506
Status 
Active
Property Tax 
$9,808.98
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoStatus changed to Active
3 days agoListing first seen on site
General Features
Acres 
0.09
Foundation 
Concrete Perimeter
Parking 
On Site
Parking Spaces 
3
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Zoning 
MULTI
Interior Features
Basement 
FinishedFull
Heating 
Natural GasForced Air
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Exterior Features
Construction Details 
Brick
Other Structures 
Shed(s)
Roof 
Asphalt
Community Features
MLS Area 
Evanston
School District 
Evanston Twp High School
Township 
Evanston
Schools
School District
Evanston Twp High School
Elementary School
Oakton Elementary School
Middle School
Chute Middle School
High School
Evanston Twp High School
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 S.G.R., Inc.



Based on information submitted to the MLS GRID as of 2025-06-06 03:30 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-06-06 03:30 PM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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