Homes for sale - 2309 Foster ST, Evanston, IL 60201

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Melissa Garcia

melissagarcia@legacypropertiesil.com +1(630) 878-9868

$ 459,999

Est. payment | -/mo

4 Beds

3 Baths

Save

$ 459,999

Est. payment | -/mo

Save

4 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 12464397

Bedrooms 4

Year Built 1909

Annual Tax Amount $6,052

Tax Year 2023

Lot Dimensions 27X125

Property Sub-Type Two to Four Units

Property Description

Investment opportunity in Evanston! This versatile duplex offers a rare combination of strong rental income, flexible layout, and house-hacking potential. Featuring a total of 4 bedrooms, 3 bathrooms, plus a unique heated bonus room with closet, the property works for both savvy investors looking for cash flow and owner-occupants hoping to produce rental income. Unit 1 (Main Level) includes 2 bedrooms, 1 bathroom, and a bonus room that has been successfully leased as a third bedroom for the past two years. It is currently occupied by a Housing Authority of Cook County (HACC) voucher tenant with a lease in place through April 2026. The unit rents for $2,899 per month, with the tenant paying $399 and HACC paying $2,500 directly to the landlord. This stable lease provides reliable, guaranteed income for the next owner. Unit 2 (Top Floor) offers 2 bedrooms and 1 bathroom. It has undergone recent updates, including a full kitchen renovation in 2022. For the past three years, it was rented to a HACC voucher tenant at $2,100 per month ($1,366 paid by HACC). The unit is now vacant, creating flexibility for the new buyer: lease it out immediately to a new tenant, or occupy it as an owner while keeping Unit 1 rented to cover a substantial portion of your expenses. Key highlights include: unique bonus room with heat and closet expanding usability of Unit 1, strong rental history with long-term Housing Authority tenants, attractive financing potential when purchased as a primary residence, use of Unit 1's guaranteed income to strengthen financing options and significantly reduce out-of-pocket housing costs, a recently updated Unit 2 that is move-in ready and ideal for tenants or an owner-occupant, and professional property management available and ready to assist with leasing Unit 2 for the next owner, ensuring a seamless transition. As-Is sale. Please respect tenant privacy - no showings of Unit 1 until after contract acceptance. With one unit already generating strong income and the second unit vacant and ready, this property practically pays for itself. Investors will appreciate the stability of a long-term HACC lease and the upside of leasing the second unit at market or voucher rates. Owner-occupants will love the ability to live in a renovated unit while dramatically reducing monthly housing expenses. This is a rare chance to secure an income-producing property in Evanston with both stability and growth potential. Contact us today for details and to take advantage of this excellent opportunity. Agent-owned.

Location

State IL

County Cook

Area Evanston

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Lincoln Elementary School

Middle Schools Haven Middle School

High Schools Evanston Twp High School

School District 156 , 65, 202

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Quentin Davie • eXp Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(630) 878-9868

melissagarcia@legacypropertiesil.com

217 Capitol Dr, Sugar Grove, IL, 60554, USA

2309 Foster ST Evanston, IL 60201