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Investment Highlights

  • Two-story mixed-use asset featuring ground-level retail storefront and upper-level residential apartment.
  • Positioned on Howard Street with immediate access to public transit and major neighborhood amenities.
  • Storefront vacancy anticipated after August 2026 allows future repositioning or occupancy.
  • Gross annual rental income of $33,600 from an occupied three-bedroom, two-bathroom apartment.
  • On-site parking and rear patio space provide convenience and functionality.
  • Located within a walkable district amid local restaurants, retailers, and service businesses.

Executive Summary

1727 Howard Street offers an outstanding opportunity to acquire a two-story mixed-use property positioned in Evanston, Illinois, close to the Chicago border. The building features a ground-level commercial storefront and a spacious upper-level apartment configured as three bedrooms and two bathrooms. The property sits on a 5,500 SF lot with a private rear patio and off-street parking for multiple vehicles. The apartment is tenant-occupied, generating an annual income of $33,600, providing immediate cash flow for new ownership.
The property is prominently located along Howard Street with bus service at the front door and short walking distance to nearby dining options and neighborhood amenities. The roof was replaced approximately 10 years ago, reducing near-term capital expenditure requirements. Current zoning of B3-1 offers versatile usage potential, supporting both retail and professional service tenants. Positioned in a dense urban corridor with a population exceeding 300,000 within three miles, the location ensures consistent demand from both residential and commercial markets.
With the storefront scheduled to be vacated after August 2026, this property presents excellent flexibility for owner-occupiers or investors seeking to reposition or lease the ground-floor commercial unit at market rents.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,178 SF
Building Class
C
Year Built
1970
Price
$850,319 CAD
Price Per SF
$267.56 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.13 AC
Zoning
B3-1
Frontage
42’ on West Howard Street
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100

Nearby Major Retailers

Bank of America
Citizens Bank
U.S. Bank
Starbucks
IHOP
Jewel-Osco
Huntington National Bank
Steak ‘n Shake
StorageMart
Chase Bank

Property Taxes

Property Taxes

Parcel Number
10-25-220-128-0000
Land Assessment
$14,217 CAD
Improvements Assessment
$61,971 CAD
Total Assessment
$76,189 CAD
  • Listing ID: 40244540

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: 1727 Howard St, Evanston, IL 60202

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