6240 S Evans Ave, Chicago, IL, 60637
About This Home
An excellent opportunity for both investors and owner-occupants at this 2-unit property offering immediate usability with value-add potential. The building features spacious units with functional layouts, providing a strong foundation for those looking to make modest cosmetic updates to enhance value, increase rents, or personalize their living space. For owner-occupants, this is a prime house-hack opportunity-live in one unit while generating income from the other, with the flexibility to update over time. For investors, the property offers consistent rental demand in the area and the chance to improve cash flow through light renovations. Conveniently located near public transportation, schools, parks, and major thoroughfares, this property balances accessibility with long-term investment appeal. Property is being sold AS-IS, making it a straightforward opportunity for buyers who recognize the upside in strategic cosmetic improvements. Whether your goal is steady income, appreciation, or both, 6240 S Evans Ave presents a smart and flexible investment.
Getting Around
Very Walkable
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 1916
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 3
Heating
- Heating features: Natural Gas
Property
Details
- Parcel number: 20154220250000
- Special condition: None
Lot
- Lot size: 3,050 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,643 | $19,716 |
| Home Insurance * | $567 | $6,804 |
| Property Taxes | $468 | $5,616 |
| Electricity | $130 | $1,569 |
| Total | $2,808 | $33,696 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-28 | Price change | $325,000 |
| 2026-04-02 | Listed for sale | $350,000 |
| 2026-02-19 | Listing removed | $350,000 |
| 2026-01-01 | Price change | $350,000 |
| 2025-12-21 | Listed for sale | $370,000 |
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