rett-140606

Property sales in Evanston so far this year are falling short of last year’s pace with the volume of sales down nearly 9 percent through May.

The real estate transfer tax revenue the city collected on the sales is also down, by 12 percent, to $878,400.

834-40 Judson, in a rendering from the broker’s website.

The highest-priced property to change hands last month was the 25-unit Judson Park apartment building at 834-40 Judson Ave.

It was first listed last October for $8.2 million and sold last month for $7.9 million, or 96 percent of the original listing price.

Seller JMG Ventures LLC had acquired the building in 2006 for $4.5 million and extensively rehabbed it with plans to turn the units into condos. The buyer was listed in the city Real Estate Transfer Tax report as Kamada.

Other sales that topped the $1 million mark in May:

  • An apartment building at 913-15 Forest Ave. that went through foreclosure a few years ago was sold by 913 Forest Ave. LLC to Ishida for $1.99 million
  • The Tom Thumb building at 1026 Davis St. was sold by Aquarius V. Corporation to 1026 Davis St. LLC for $1.52 million.
  • A lakefront home at 140 Dempster St. sold for $1.47 million.
  • And a home at 2769 Sheridan Road sold for $1.24 million.

Bill Smith is the editor and publisher of Evanston Now.

Leave a comment

The goal of our comment policy is to make the comments section a vibrant yet civil space. Treat each other with respect — even the people you disagree with. Whenever possible, provide links to credible documentary evidence to back up your factual claims.

Your email address will not be published.