$170,000
●
House -
Off Market
1567 Ridge Avenue #607
Evanston, IL 60201
2 Beds
2 Baths
1,000 Ft²
$1,832
Est. Monthly
$662
HOA / Fees
About This Property
Priced under $190K, this Evanston condo is a blank canvas ready for
your updates and vision to come to life. The layout is solid: a
light-filled combined living and dining room, two well-sized
bedrooms, and a primary suite with a private en-suite bath. On-site
laundry, storage, and a dedicated outdoor parking space are all
included. All of this in a professionally managed, pet-friendly
elevator building - dogs and cats welcome, no weight restrictions.
Step outside to Lake Michigan, Metra, CTA, local dining and coffee
shops, Northwestern, and more. Rentable after five years of
occupancy. Listed As Is and priced to reflect the opportunity -
must see!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$189
Property Type
House
Property Taxes
$242
HOA Dues
$662
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Income Per Year
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Operating Profit Per Year
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.
Property Highlights
Garage
Parking Available
Elevator
Air Conditioning
Parking Details
Parking Features: Yes, Owned
Interior Details
Full Bathrooms: 2
Rooms: 5
Basement: None
Exterior Details
Square Footage: 1000
Square Footage Source: $0
Year Built: 1967
Construction Materials: Brick
Lot Size Dimensions: Common
Water Source: Lake Michigan
Financial Details
Tax Annual Amount: $2,908
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Steam, Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Insurance, Heat, Parking, Exterior Maintenance, Scavenger
HOA/Condo/Coop Amenities: Coin Laundry, Storage, Elevator in Residence
HOA Fee: $662
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/08/2026
|
2 Bed
|
2 Bath
|
1000 ft²
|
$188,800
2 Bed
2 Bath
1000 ft²
|
$170,000
-9.96%
05/11/2026
|
Deborah Rymaszewski
Baird & Warner
| |
|
12/04/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$239,900
2 Bed
2 Bath
1200 ft²
|
-
-
|
Adam Zagata
d'aprile properties
| |
|
12/18/2025
|
2 Bed
|
2 Bath
|
1100 ft²
|
$249,000
2 Bed
2 Bath
1100 ft²
|
$246,000
-1.20%
02/12/2026
|
Nathan Freeborn
Redfin Corporation
| |
|
07/11/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$249,900
2 Bed
2 Bath
1200 ft²
|
$239,900
-4.00%
09/29/2025
|
Elliot Jaffe
Jaffe Realty Inc.
| |
|
06/17/2025
|
2 Bed
|
2 Bath
|
1000 ft²
|
$234,900
2 Bed
2 Bath
1000 ft²
|
$234,900
09/02/2025
|
Aaron Peirick
Aaron Peirick
| |
|
06/02/2024
|
1 Bed
|
2 Bath
|
811 ft²
|
$189,900
1 Bed
2 Bath
811 ft²
|
$178,000
-6.27%
10/16/2024
|
Karra Kalkman
@properties Christie's International Real Estate
| |
|
09/13/2023
|
1 Bed
|
1 Bath
|
700 ft²
|
$178,000
1 Bed
1 Bath
700 ft²
|
$178,000
09/26/2023
|
Alan May
Jameson Sotheby's International Realty
| |
|
07/25/2023
|
1 Bed
|
1 Bath
|
-
|
$160,000
1 Bed
1 Bath
|
$155,000
-3.13%
09/06/2023
|
Michael Bernard
Jameson Sotheby's International Realty
| |
|
07/10/2023
|
1 Bed
|
1.5 Bath
|
800 ft²
|
$139,900
1 Bed
1.5 Bath
800 ft²
|
-
-
|
Jonathan Darin
Coldwell Banker Real Estate Group
| |
|
05/05/2023
|
1 Bed
|
2 Bath
|
800 ft²
|
$172,000
1 Bed
2 Bath
800 ft²
|
$178,000
+3.49%
06/13/2023
|
Yvonne Sito
@properties Christie's International Real Estate
| |
|
10/18/2021
|
1 Bed
|
2 Bath
|
748 ft²
|
$139,000
1 Bed
2 Bath
748 ft²
|
$132,500
-4.68%
11/05/2021
|
Lisa Gendel
Jameson Sotheby's International Realty
| |
|
06/11/2021
|
3 Bed
|
3 Bath
|
1575 ft²
|
$280,000
3 Bed
3 Bath
1575 ft²
|
-
02/07/2022
|
Lisa Gendel
Jameson Sotheby's International Realty
| |
|
07/31/2021
|
2 Bed
|
2 Bath
|
1000 ft²
|
$184,000
2 Bed
2 Bath
1000 ft²
|
$178,000
-3.26%
12/22/2021
|
Charles Greco
DCG Realty
| |
|
06/28/2021
|
1 Bed
|
2 Bath
|
792 ft²
|
$145,000
1 Bed
2 Bath
792 ft²
|
-
-
|
Alek Kalisker
Keller Williams North Shore West
| |
|
01/11/2021
|
3 Bed
|
2 Bath
|
1575 ft²
|
$279,000
3 Bed
2 Bath
1575 ft²
|
-
-
|
-
| |
|
12/26/2020
|
1 Bed
|
1 Bath
|
850 ft²
|
$150,000
1 Bed
1 Bath
850 ft²
|
$145,000
-3.33%
04/09/2021
|
Lisa Gendel
| |
|
07/22/2020
|
2 Bed
|
2 Bath
|
938 ft²
|
$195,000
2 Bed
2 Bath
938 ft²
|
-
-
|
-
| |
|
08/22/2020
|
2 Bed
|
2 Bath
|
938 ft²
|
$195,000
2 Bed
2 Bath
938 ft²
|
-
-
|
-
| |
|
07/10/2020
|
3 Bed
|
3 Bath
|
-
|
$345,500
3 Bed
3 Bath
|
-
-
|
-
| |
|
07/08/2020
|
1 Bed
|
2 Bath
|
-
|
$149,500
1 Bed
2 Bath
|
-
-
|
-
| |
|
07/04/2020
|
2 Bed
|
2 Bath
|
938 ft²
|
$195,000
2 Bed
2 Bath
938 ft²
|
-
-
|
-
| |
|
12/19/2019
|
1 Bed
|
2 Bath
|
-
|
$170,000
1 Bed
2 Bath
|
-
-
|
-
| |
|
12/19/2019
|
3 Bed
|
3 Bath
|
-
|
$370,000
3 Bed
3 Bath
|
-
-
|
-
| |
|
07/25/2017
|
1 Bed
|
2 Bath
|
792 ft²
|
$125,000
1 Bed
2 Bath
792 ft²
|
$120,000
-4.00%
10/11/2017
|
Shay Hata
Berkshire Hathaway HomeServices KoenigRubloff
| |
|
03/27/2017
|
1 Bed
|
1 Bath
|
-
|
$145,000
1 Bed
1 Bath
|
$145,000
07/28/2017
|
John Adamson
Baird & Warner
| |
|
01/19/2017
|
1 Bed
|
1 Bath
|
-
|
$129,000
1 Bed
1 Bath
|
$120,000
-6.98%
02/15/2017
|
Kobra Hall
Fulton Grace Realty
| |
|
04/19/2007
|
2 Bed
|
2 Bath
|
-
|
$228,000
2 Bed
2 Bath
|
$207,000
-9.21%
02/25/2009
|
Nicholas Powers
Baird & Warner
|
Building Info
About Evanston
Similar Homes for Sale
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Listed by: Terje Reedy, Baird & Warner
Data Source: MRED, MLS# MRD12606884
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.
Data Source: MRED, MLS# MRD12606884
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