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$ 950,000
Est. payment | /mo
4,900 SqFt
$ 950,000
Est. payment | /mo
4,900 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 4,900 sqft
Price per Sqft $193
MLS Listing ID 12475566
Year Built 1915
Annual Tax Amount $17,188
Tax Year 2023
Lot Dimensions 35x140
Property Sub-Type Mixed Use
Property Description
SOLD BY WORD OF MOUTH BEFORE BEING LISTED. Very unusual and historic mixed-use building in Evanston. Proudly owned and lovingly maintained by the same family for over 100 years. 1424 Lake St offers lots of possibilities for businesses or for an artist who wants studio and living space or for a community group / foundation / not-for-profit who want a mix of residential and commercial space. And of course, it would work for a straight investor too. The 1st floor has an approx. 400sf office space and an approx. 4,000sf retail / flex space. The 2nd floor has two recently rehabbed apartments: one is 2 beds and 1 bath, the other 2 beds and 1.1 baths. They're currently vacant but market rent is $2,000 - 2,500 / month. Unfinished attic space with many possibilities. Full height, waterproofed basement with drain tile and sump pump. 3 garage spaces with high ceilings / doors. Lots of exterior parking. Located within a highly desirable, primarily residential neighborhood, the building has great street exposure plus excellent foot and car traffic. A pre-school is next door, a popular park that is a neighborhood hub is across the street, the elementary school is around the corner. Lake St is a through street for people coming in and out of downtown Evanston.
Location
State IL
County Cook
Area Evanston
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
Roof Type Composition,Membrane
Building
Dwelling Type Mixed Use
Structure Type Brick,Wood,Vinyl Siding
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Christopher Gaggero of @properties Christie's International Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
managingbroker@legacypropertiesil.com
2325 Dean St, Suite 900, St Charles, Illinois, 60175, USA