Property sales dipped in September


Despite the sale of a big shopping center, property sales in Evanston dropped in September and sales for the year are now 24 percent below last year's pace.

Figures from the city's real estate transfer tax report show 87 transactions in September, the lowest number since 71 properties changed hands in March.

The city collected $274,165 in transfer tax revenue last month, down from $309,240 iin August.

For the year so far revenue totals $1,99 million, compared to $3.2 million at the same point last year. The city budgeted for $2.875 million in property transfer revenue this year.

The biggest transaction last month was the $16 million sale of the Evanston Plaza shopping center at Dempster Street and Dodge Avenue to Valli Produce.

In other transactions topping the $1 million mark:

  • A mixed use building at 1001-1005 Davis St. was sold for $2.43 million.
  • The retail condo that houses the Starbucks at 519 Main St. sold for $1.45 million.
  • A single family home at 1240 Hinman Ave. sold for $1.325 million.
  • A single family home at 540 Judson Ave. sold for $1.11 million.
  • A single family home at 1411 Judson Ave. sold for $1.036 million.

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