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1029 Garnett Place 1029 Garnett Pl 3 Unit Apartment Building $2,186,011 CAD ($728,670 CAD/Unit) 6.82% Cap Rate Evanston, IL 60201
Investment Highlights
- Immediate access to downtown Evanston shopping, dining, and entertainment.
- Walkable neighborhood setting near retail corridors and community services.
- Excellent proximity to Interstate 94, U.S. Route 41, and regional transit systems.
- Connectivity to Chicago and the North Shore via Metra and CTA Purple Line stations.
Executive Summary
This multi-family investment offering at 1029 Garnett Place presents an attractive opportunity within the sought-after Evanston market. The two-story property comprises three oversized 4-bedroom, 1-bathroom layouts totaling approximately 3,500 square feet of living space. Situated on a 0.40-acre parcel, the property includes garage parking, adding convenience and value to residents. The location combines residential appeal with exceptional accessibility. Positioned near Evanston’s dynamic downtown core, tenants enjoy proximity to retail, dining, cultural amenities, and neighborhood conveniences. Commuters benefit from seamless regional connectivity via Interstate 94 and U.S. Route 41, while CTA’s Purple Line and Metra’s Union Pacific North Line ensure expedient access to downtown Chicago and surrounding North Shore communities.
With its substantial unit layouts, land parcel size, and strong regional transit infrastructure, this asset offers potential for long-term stability and value creation in one of Chicago’s most established suburban markets.
With its substantial unit layouts, land parcel size, and strong regional transit infrastructure, this asset offers potential for long-term stability and value creation in one of Chicago’s most established suburban markets.
Property Facts
| Price | $2,186,011 CAD | Building Class | C |
| Price Per Unit | $728,670 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 3,545 SF |
| Cap Rate | 6.82% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1904 |
| Property Type | Multifamily | Parking Ratio | 0.56/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,186,011 CAD |
| Price Per Unit | $728,670 CAD |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,545 SF |
| No. Stories | 2 |
| Year Built | 1904 |
| Parking Ratio | 0.56/1,000 SF |
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Very walkable
80/100
Fairly drivable
40/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 11-18-107-030-0000 | Improvements Assessment | $87,292 CAD |
| Land Assessment | $17,757 CAD | Total Assessment | $105,049 CAD |
Property Taxes
Parcel Number
11-18-107-030-0000
Land Assessment
$17,757 CAD
Improvements Assessment
$87,292 CAD
Total Assessment
$105,049 CAD
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1029 Garnett Place | 1029 Garnett Pl
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