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2958 Central Street Evanston, IL 60201 Land - Residential New

New - 22 Hours Ago
  • 2958 Central Street, Evanston, IL 60201 Main Photo

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Description

Attention developers, investors, and owner-users! Premier commercial development site on North Evanston's highly coveted Central Street corridor. This ~4,200 SF parcel (approx. 35' x 120') sits in the B1a Business District with Subarea 5 (Mixed-Use B) Central Street Overlay guidelines. (See docs). Boasting a base 2.0 FAR (up to ~8,400 buildable GSF), 0-ft side yard setback potential, and a 3-story / 40-ft max height envelope, this site provides a streamlined path for a ground-up boutique mixed-use build. Feasibility conceptualizes ~2,600 SF of ground-floor commercial space plus upper-story luxury residential units (e.g., four 2BD/2BA apartments), complemented by rear alley access for 4 off-street parking spaces and potential TOD parking reductions. Existing 495 SF standalone storefront offers immediate functional use or holding income while securing permits. No asbestos in the building. Unbeatable location blocks from the Metra, Endeavor Health Hospital, and Northwestern. Inquire today! Sold AS-IS.

Property Highlights

Property Type: Land - Residential
Total Acres: 0.10 Acres
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available

General Information

County: Cook
High School: Evanston Twp High School
Listed By:
Baird & Warner 847-491-1855
MRED MLS
$450,000
Est. $3,003/mo
New to the Market New
LOT SIZE 35x120 MLS#12712262
STATUSNew PROPERTY TYPELand - Residential SCHOOLDistrict 202

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Ruhl&Ruhl Realtors
563.441.1776

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2958 Central Street, Evanston, IL 60201.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $450,000$450,000$450,000
Down Payment $90,000$15,750$112,500
Monthly Mortgage Amount $2,246$2,721$2,803
Taxes $626$626$626
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$198$0
Monthly Estimated Total $3,003$3,676$3,560

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