1521 Lake Street Evanston, IL ^$ 499,000

1521 Lake Street

^$ 499,000

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1521 Lake Street

Evanston, IL, 60201

^$ 499,000

Bedrooms4 Baths3.0 Sq 1,664

Monthly Estimate*

^$ 3,072

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Multi-Family Home for sale in Evanston, IL

for $499,000 with 4 bedrooms and 3 full baths. This 1,664 square foot home was built in 1899.

2 flat in prime location across from Penny Park on a double lot. Unit 1: 2 BR/1BA, Unit 2: Duplex up with 2BR/2BA. Tenant occupied so 48 hour notice required. Showings begin Saturday February 7th between 11am and 3pm. Potential to duplex down unit 1. Don't miss this value-add opportunity. One lease through May 31, other month-to-month.

Multi-Family Contingent

Price

^$ 499,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 11,735

Style

Year Built

1899

Town/City

Evanston

County/Region

Cook

MLS | Web ID

12556623

Features

General

Sewer Public Sewer

Heating Natural Gas Forced Air Sep Heating Systems - 2+

Possession Closing

Roof Asphalt

Garage Spaces 4

Construction Materials Frame

Year Built 1899

Township Evanston

Tax Year 2024

Ownership Fee Simple

Community Features Park

Additional Parcels Description 10134160170000

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Contingency Attorney/Inspection

Total Rooms 12

Status Contingent

Directions East on Dempster north on dodge east on Lake to property

High School Evanston Twp High School

City Evanston

High School District 202

MLS Area Evanston

Elementary School Dewey Elementary School

Tax Annual Amount 11735.35

Middle/Junior High School Nichols Middle School

Additional Parcels Y/N Y

Standard Status Active Under Contract

Middle/Junior School District 65

Elementary School District 65

Interior

Basement Unfinished Bath/Stubbed Full

Total Bedrooms 4

Total Baths 3

Bedrooms Possible 4

Full Baths Building 3

Half Baths Building 0

Total Number of Units 2

Exterior

Parking Features Yes Garage Owned Detached Garage

Water Source Lake Michigan

Total Parking 4

Lot Dimensions 24 x 126

Waterfront Y/N N

* Excluded Features

List By

Compass

Broker

sally.mabadi@compass.com

Affordability Calculator

$4,050

Per Month

Monthly Principal & Interest: $3,072
Monthly Property Taxes: $978
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Evanston, IL

Average List Price ^$799,100

Percent of Sale Price 60%

About Evanston, IL

77,618 Population

5% Since 2002

^$75,925 Median Income

35.85 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565592 Elementary School

565829 Middle School

Evanston Twp High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/6/2026	$499,000		Listed Price

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1521 Lake Street, Evanston, IL, 60201 is a Multi-Family Home for sale at $499,000 with 1,664 sqft. 1521 Lake Street has 4 bedrooms, 3.0 baths, and was built in 1899. The property's zip code is 60201 which is in Evanston, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 2/8/2026.

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1521 Lake Street

Multi-Family Home for sale in Evanston, IL

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