Investor opportunity in Evanston with a long-term tenant already in place. This 5-bedroom, 3-bath home has been leased to the same tenant since February 2023 and currently generates $3,842 per month in rental income. Situated on a quiet residential street, the home offers plenty of living space, an attached 1.5-car garage with alley access, and additional driveway parking. Originally converted from a two-flat, the layout provides flexibility and room that continues to attract and retain quality tenants. Conveniently located near Evanston Township High School, Kingsley Elementary, Haven Middle School, Fleetwood-Jourdain Community Center, Family Focus Community Center, parks, tennis courts, and other neighborhood amenities. Property is being sold As-Is. The seller has never occupied the property. Great opportunity for an investor looking to add a performing rental property with an established tenant and immediate income.
— the listing agent’s description
The home
5 beds
2.5 baths
1,898 sqft
Built in 1893
Lot 38x55
2-car garage
Detached Single
What it’ll cost
$248 / sqft
$7,491 taxes / yr
No HOA
32 days on dwello
Estimated monthly payment
$3,259/mo
Principal & interest$2,498
Property taxes$624
Homeowners insurance$137
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Features
Central AirNatural GasVinyl SidingPublic SewerYesAttached
Schools
Elementary — Henking Elementary School
Middle — Haven Middle School
High — Evanston Twp High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.