Contact us: 563.441.1776
Description
An exceptional opportunity to acquire a trophy three-flat in one of Evanston's most desirable locations, offering the rare combination of strong income potential, owner-occupant flexibility, and extraordinary parking. Set on a beautifully maintained lot with an expansive backyard, this impressive multi-family property features two oversized residences and a ground level garden unit. Units 2 and 3 offer an increasingly hard-to-find layout with four spacious bedrooms and two full baths, providing exceptional appeal for tenants seeking the comfort and scale of a single-family home with the convenience of apartment living. Generous room sizes, abundant natural light, and thoughtfully designed floor plans create an inviting living experience throughout. A true standout feature attached and detached garages suitable for 6 cars, a remarkable amenity seldom found in Evanston and a significant value-add for both owners and tenants alike. Whether you're an investor seeking stable cash flow and long-term appreciation, a live-in owner looking to offset expenses with rental income, or a multi-generational buyer searching for flexibility, this property delivers. Positioned just moments from Evanston's vibrant dining, shopping, parks, public transportation, and lakefront amenities, 1016 Austin offers the ideal blend of location, scale, and investment fundamentals. Opportunities to acquire a building of this caliber, with this unit mix, oversized garage capacity, and exceptional outdoor space, are few and far between.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 10
Bathrooms: 5
County: Cook
High School: Evanston Twp High School
Listed By:
@properties Christie's International Real Estate
847-832-0002
MRED MLS
MLS ID: 12678065
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1016 Austin Street, Evanston, IL 60202.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,145,000 | $1,145,000 | $1,145,000 |
| Down Payment | $40,075 | $0 | $229,000 |
| Monthly Mortgage Amount | $6,831 | $7,202 | $5,715 |
| Taxes | $1593 | $1593 | $1593 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $687 | $0 | $0 |
| Monthly Estimated Total | $9,445 | $9,129 | $7,642 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/04/2026. The listing information on this page last changed on 07/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 07/04/2026 12:08:59 AM EST) or MRED MLS (last updated Sat 07/04/2026 12:04:57 AM EST) or SCWMLS (last updated Fri 07/03/2026 11:54:45 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 07/03/2026 10:17:09 PM EST) or Cedar Rapids MLS (last updated Fri 07/03/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Fri 07/03/2026 11:58:42 PM EST) or ICAAR MLS (last updated Fri 07/03/2026 11:37:26 PM EST) or ECIMLS (last updated Fri 07/03/2026 11:44:14 PM EST) or RMLSA (last updated Sat 07/04/2026 12:00:57 AM EST) or Muscatine MLS (last updated Sat 07/04/2026 12:00:12 AM EST) or No Coast MLS (last updated Sat 07/04/2026 12:04:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. 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.
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