1424 Lake Street, Evanston, Illinois 60201
- $930,000
- Sold Price
- $930,000
- List Price
- $950,000
- Closing Date
- Sep 30, 2025
- MLS#
- 12475566
- Status
- CLOSED
- Type
- Commercial
- Subtype
- Commercial Sale
- County
- Cook
- City
- Evanston
- Gross Rental Income
- 107740
- Neighborhood
- Evanston
- Days On Market
- 0
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.
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Additional Information
- Tax Year
- 2023
- Tax Amount
- $17,188
- Year Built
- 1915
- Lot Dimensions
- 35x140
- Air Conditioning
- Central Air, Window Unit(s)
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