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Evanston 60201 Evanston
2548 Marcy Avenue
$462,000
● House - Off Market

2548 Marcy Avenue

Evanston, IL 60201
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$456,823
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Spread out in this spacious 3 bedroom, 2.5 bath home on picture-perfect tree-lined Marcy street. A foyer, a large and bright living room with wood burning fireplace, a dining room, a recently renovated powder room, and a kitchen complete the first floor. The second floor has three bedrooms all with large closets and a beautiful new full bathroom with double sinks. Access to the attic for additional storage. The basement is finished, perfect for additional living space, and also has a recently renovated full bathroom.  Don't forget the screened-in porch off the dining room and fully fenced-in patio, perfect for summer grilling and summer dinners outside.  Includes driveway and 1 car garage with storage and tandem parking spot in front. Walk to schools, parks, and Central Street!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$748
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 10
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 8
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,757
  • Total Building Area: 1,547
  • Gross Building Area: 1,547
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCINTOSHS CENTRALWOOD ADD
  • Land Acres: 0000000063
  • Standard Land Use Code: 1002
  • County Land Use Code: 2-10
  • Legal Description 1: (WOODLAWN) VILLAGE RESUB OF LTS 8-10 IN BLK 3 & LTS 1 -2 BLK4 IN A T MCINTOSHS CENTRALWOOD ADD TO EVANSTON SUB SEC 11-41-13

Neighborhood

  • School District Name: Evanston Community Consolidated School District 65
  • Census Tract: 809000

Geography

  • District: 17
  • Parcel: 10-11-105-043-0000
  • Block: 3,4
  • Lot: 1,2
  • Meridian: SEC 11 TWN 41N RNG 13E
  • Municipality: EVANSTON
  • Latitude: 42.0643
  • Longitude: -87.7194

    Address

  • Full Address: 2548 Marcy Ave
  • Address - House Number: 2548
  • Address - Street Name: Marcy
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Evanston
  • Carrier Code: C105
  • 4-Digit Zip Code: 1112
  • Zip Code: 60201

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $803,247
  • Tax Rate Code Area: 17001

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 497,025
  • High Value: 610,824
  • Low Value: 383,226

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $70,000
  • Market Improvement Value: $310,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $31,000

    Sales

  • Current Sale Contract Date: Apr 27, 2023
  • Current Sale Recording Date: May 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 19183
  • Previous Sale Recording Date: Apr 07, 2006
  • Previous Sale Contract Date: Mar 24, 2006
  • Previous Sale Amount: $437,500
  • Previous Sale Document Type: 71
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:

$469,000

Sale Price/ft²

$324

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1527 ft²

Average Home Age

71.3 years

Currently For Sale

129 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 2100 Greenwood Street, Evanston, IL, 60201

$2,999 /mo

  • 1 Bed
  • 2 Baths
  • 1,500 ft²
2100 Greenwood Street #206, Evanston, IL, 60201 Listing by John Ruckdaeschel
Unit for rent at 4819 Main Street, Skokie, IL, 60077

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,100 ft²
4819 Main Street #202, Skokie, IL, 60077 Listing by Neil Turk
Unit for rent at 8644 Skokie Boulevard, SKOKIE, IL, 60077

$3,000 /mo

  • 3 Beds
  • 2 Baths
8644 Skokie Boulevard #304, SKOKIE, IL, 60077 Listing by Joshua Berngard

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lauren Weiss, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD11729760
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 2548 Marcy Avenue built and last sold?
The property at 2548 Marcy Avenue was built in 1957 and last sold on Apr 27, 2023 for $462,000.
How much is this home worth?
The estimated value of the home located at 2548 Marcy Avenue is $453,490.
What are some comparable homes to 2548 Marcy Avenue?
There are currently no comparable homes to 2548 Marcy Avenue.
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