2108 Wesley AVE, Evanston, IL 60201
2108 Wesley AVE, Evanston, IL 60201
2108 Wesley AVE, Evanston, IL 60201
2108 Wesley AVE, Evanston, IL 60201
2108 Wesley AVE, Evanston, IL 60201
2108 Wesley AVE, Evanston, IL 60201
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Vic Melecio

Vic Melecio

+1(312) 725-0025
$ 1,008,000
Est. payment | /mo

9 Beds

3 Baths

Save
$ 1,008,000
Est. payment | /mo
Save

9 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12699962

Style Victorian

Bedrooms 9

Year Built 1899

Annual Tax Amount $12,615

Tax Year 2024

Lot Dimensions 58 X 81 X 52 X 112

Property Sub-Type Two to Four Units

Property Description

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-minute 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.

Location

State IL

County Cook

Area Evanston

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Steam, Radiant

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Frame, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Frame

New Construction false

Schools

School District 65 , 65, 202

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Safwan Patel of  YOUMU VENTURES LLC 

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Contact Us

+1(312) 725-0025

https://melecio.com

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2108 Wesley AVE