1928 Jackson – Evanston

This eight-unit apartment building at 1928 Jackson in northwest Evanston, Ill., includes two three-bedroom, two-bath units, and six two-bedroom, one-bath units. It sold for $640,000. The fully-leased building has no deferred maintenance.

“This property provides the buyer with significant rent upside, and it closed at an attractive 8.5 percent cap rate,” said Kiser. He and Zack Hofstadter, associate of Kiser Group, represented both the seller and buyer in this transaction.