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Property sales still strong in Evanston

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Property sales in Evanston remained relatively strong last month with 142 properties changing hands — the largest number in at least the past two years.

Property sales in Evanston remained relatively strong last month with 142 properties changing hands — the largest number in at least the past two years.

The value of the half-percent real estate transfer tax imposed on sales by the city dropped in August, with now large commercial properties changing hands, but at $297,970 it was still the best August performance of the past three years and the fourth best showing for any month in the past three years.

City officials forecast in adopting this year's budget that the RETT would generate $2.1 million in revenue, and it's less than $3,000 short of that mark now, with four months left to go in the year.

Only one property valued at over $1 million changed hands last month. That was the now vacant land that wa the former site of Kendall College at 2408 Orrington Ave. It was sold for $3.25 million by Smithfield Properties to North Shore Builders.

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