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Evanston Now
909 Washington sells for $6.4 million
Robinson Rentals has sold the 37-unit vintage courtyard apartment building at 909 Washington St. to a private buyer for $6.4 million.
909 Washington St.
Robinson Rentals has sold the 37-unit vintage courtyard apartment building at 909 Washington St. to a private buyer for $6.4 million.
The sale was announced today by Interra Realty Brokers.
Interra Senior Managing Partner Brad Feldman represented both the seller and buyer in the transaction. The sale price amounts to a valuation of $173,000 per unit.
“One fundamental that has been reinforced during the pandemic is the importance of location, location, location,” said Feldman. “Evanston is a highly sought-after submarket where vintage buildings like this don’t trade often. The fact that the property retained near 100% occupancy and rent collection over the past year only added to its appeal, as reflected by the strong price per unit.”