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2108 Wesley Avenue

Evanston, IL 60201
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Bed 9

Bed

Bath 3

Bath

Rare investment opportunity in Evanston's highly sought-after rental market, offering an estimated 7.00 cap rate and a 7.41 cash-on-cash return. This well-maintained two-unit property provides stable in-place income with significant upside potential through future rent increases and flexible rental strategies in one of Evanston's strongest rental markets. The property features two spacious units with distinct floor plans that appeal to a wide range of tenants. The first-floor unit is ideal for families, Northwestern University students, and young professionals. The second-floor unit includes a finished third-floor attic with three additional bedrooms and one full bathroom, creating multiple value-add opportunities and increased rental income potential. Ideally located within a five-m inute walk of Ingraham Park and Foster Park, the property is surrounded by restaurants, cafes, Walgreens, and boutique shopping. Northwestern University is just a five-minute drive away, providing a strong and consistent tenant pool. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, 2108 Wesley Avenue offers an exceptional combination of immediate cash flow, long-term appreciation potential, and operational flexibility.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,008,000

AD Id : 87809267

MLS Id : MRD12699962

Beds : 9

Year Built : 1899

Garage : 2

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 9

    Bathroom Information

    Total Baths: 3

    Room Information

    Rooms Total: 13

    Interior Features

    Roof: Asphalt

    Roofing Information

    Asphalt
  • Flooring Information

    Construction Materials: Frame
  • Heating & Cooling

    Heating: Steam, Radiant WaterSource: Lake Michigan

  • Building Information

    Year Built: 1899

  • Lot Information

    Lot Dimensions: 58 X 81 X 52 X 112 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Style: Victorian Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$1008000

  • Tax Information

    Annual Tax: $12615.1 Tax Year: 2024 Parcel Number: 10124240140000 Tax Exemption: None

  • Parking Information

    Total Parking: 2 Yes, Garage Owned, Attached, Garage Is Parking Included in Price: Yes

    Garage Information

    Garage Space: 2

  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan
  • Location Information

    City: Evanston Direction: SIMPSON East of GREEN BAY ROAD to WESLEY AVENUE North to PROPERTY
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ByOwner last updated this listing 07/11/2026 @ 18:20

MLS: MRED #12699962 LISTED BY: Safwan Patel, YOUMU VENTURES LLC 312-285-2082 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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