834-840-judson-rendering

A 25-unit vintage courtyard apartment building near Evanston’s lakefront, gut-rehabbed for a never-completed condo conversion, has gone on the market for $8.2 million.

The building at 834-840 Judson Ave. was acquired by JMG Ventures LLC in 2006 for $4.5 million, according to county property records.

Mike Anguiano, managing director of listing brokerage Kiser Group, says the property has one-, two- and three-bedroom apartments with one to 2½ baths. It also has eight garage parking spots.

Anguiano says the owner recently installed all new mechanical systems and renovated the units to include granite counters, 42-inch cabinets, stainless steel appliances, hardwood floors, in-unit washers and dryers, crown molding and stone baths.

“The Judson property presents an investor the opportunity to acquire a gut-renovated, stabilized property in a highly desirable location with a limited supply of similar product,” Anguiano said, adding that the apartments attract commuters to downtown Chicago and professionals working in downtown Evanston.

Bill Smith is the editor and publisher of Evanston Now.

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