$511,000
●
House -
Off Market
1583 Dewey Avenue
Evanston, IL 60201
5 Beds
2 Baths
2,317 Ft²
$3,065
Est. Monthly
7.95%
Cap Rate
About This Property
Welcome home to 1583 Dewey - a one of a kind property with a coach
house and two car garage! Built in 1916, the main house light
filled first floor features separate living and dining rooms with
original woodwork and built ins, two bedrooms, a bathroom and
generous kitchen. The second floor features three more bedrooms
including a large primary, with an additional updated bathroom. To
complete the main house: a full unfinished basement for storage,
laundry and utilities. Recent improvements include new roof,
ceiling fans, carpet, and kitchen/bathroom remodel. Steps
from the main house - find the coach house. You will fall in love
with the open layout, updated bathroom, kitchen, fresh carpeting,
abundant natural light, and new roof. Coach house boasts an
unfinished attic and basement for added potential. This space
allows for flexibility and easy income generation. A detached two
car garage and gorgeous yard complete this property. Nestled on a
quiet one way street, steps from Mason park, ETHS, and downtown
Evanston - this home is walking distance to everything Evanston has
to offer!
Unit Size
2,317 Ft²
Days on Market
-
Land Size
-
Price per sqft
$235
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
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.
Last updated: 3 years ago (MRED MLS #11939271)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 13, 2024 | Sold | ||
| Sold | |||
| Dec 2, 2023 | No longer available | - | |
| No longer available | |||
| Nov 30, 2023 | Listed by Compass | $545,000 | |
| Listed by Compass | |||
| Nov 8, 2023 | Listed by Compass Real Estate | $579,000 | |
| Listed by Compass Real Estate | |||
| | |||
|
Welcome home to 1583 Dewey. Built in 1916, the light filled first floor features separate living and dining rooms with original woodwork and built ins, two bedrooms, a bathroom and generous kitchen. The second floor features three more bedrooms including a large primary, with an additional updated bathroom. To complete the main house: a full unfinished basement for storage, laundry and utilities. Recent improvements include new roof, ceiling fans, carpet, and kitchen/bathroom remodel. Steps from the main house - find the coach house. You will fall in love with the open layout, updated bathroom, kitchen, fresh carpeting, abundant natural light, and new roof. Coach house boasts an unfinished attic and basement for added potential. This space allows for flexibility and easy income generation. A detached two car garage and gorgeous yard complete this property. Nestled on a quiet one way street, steps from Mason park, ETHS, and downtown Evanston - this home is walking distance to everything Evanston has to offer! The manager has listed the unit size as 2317 square feet.
| |||
Property Highlights
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
About Evanston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Daniel Cozzi, Compass
Last Updated: 3 years ago
Data Source: MRED, MLS# 11939271
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11939271
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017