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Evanston 60202 Evanston
1036 Forest Avenue
$580,000
● Land - Off Market

1036 Forest Avenue

Evanston, IL 60202
bedrooms
Studio
bathrooms
0 Bath
$638,899
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Unique opportunity to build a new home just blocks from the lakefront in Evanston's Lakeshore Historic District nestled among stately homes and tree lined streets. This lot is 50x194 feet. Current owner/architect has approved plans for a modern, sustainable home or create your own. This is a premier location in SE Evanston, 2 blocks to Lee St beach, 3 blocks to the train lines and Main St shopping district. See additional information for survey and approved plans, drawings and elevations.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$376
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11444579)

Price History

Date / Event Date Event Price
Mar 14, 2023 Sold
Premium
Sold
Jun 23, 2022 No longer available -
No longer available
Jun 23, 2022 Listed by Baird & Warner $620,000
Listed by Baird & Warner
Jun 22, 2022 Price Decreased $695,000
↓ $55K (7.3%)
Price Decreased
Feb 18, 2022 Listed by Berg Properties $750,000
Listed by Berg Properties
Buildable lot in the beautiful lakeshore historic district. Plans for approved design available for lakeshore historic district.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,562
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000219
  • Standard Land Use Code: 8000
  • County Land Use Code: 1-00

Neighborhood

  • School District Name: Evanston Community Consolidated School District 65
  • Census Tract: 809900

Geography

  • District: 17
  • Parcel: 11-19-216-025-0000
  • Municipality: EVANSTON
  • Latitude: 42.037
  • Longitude: -87.6755

    Address

  • Full Address: 1036 Forest Ave
  • Address - House Number: 1036
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Evanston
  • Carrier Code: C020
  • 4-Digit Zip Code: 1422
  • Zip Code: 60202

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $399,792
  • Tax Rate Code Area: 17001

    Market Valuation

  • Market Total Value: $172,120
  • Market Land Value: $172,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,212
  • Assessed Land Value: $17,212

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6239
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Evanston

Stats & Trends

Median Asking:

$459,000

Sale Price/ft²

$321

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1566 ft²

Average Home Age

74.2 years

Currently For Sale

120 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 7455 N Greenview Avenue, Chicago, IL, 60626

$1,000 /mo

  • Studio
  • 1 Bath
7455 N Greenview Avenue #424, Chicago, IL, 60626 Listing by Julia Stoner
Unit for rent at 1228 Oak Avenue, Evanston, IL, 60202

$1,000 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
1228 Oak Avenue #1R, Evanston, IL, 60202 Listing by Yun-Lien Huang

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Emily McClintock, Baird & Warner
Last Updated: 3 years ago
Data Source: MRED, MLS# 11444579
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. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1036 Forest Avenue built and last sold?
The property at 1036 Forest Avenue was built in and last sold on Mar 8, 2023 for $580,000.
How much is this home worth?
The estimated value of the home located at 1036 Forest Avenue is $0.
What are some comparable homes to 1036 Forest Avenue?
There are currently no comparable homes to 1036 Forest Avenue.
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