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Property sales surged last month

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Real estate sales in Evanston surged in April to their highest level in nearly two years.

Revenue from the city's 0.5 percent tax on property sales rose to $275,644, the highest one-month total since July 2011.

Transfer tax revenue for the year so far, though, still lags the city's budget forecast by 11 percent — as a result of slow sales in the first quarter.

The transfer tax numbers include large commercial properties as well as single-family homes, so they cna show big month-to-month swings if the relatively rare sale of a large commercial property happens in a given month.

Seven properties sold for over $1 million in Evanston last month. The biggest transaction, at $3.54 million, involved the commercial building at 1633-35 Chicago Ave. that houses a PNC Bank branch and Dave's Italian Kitchen. It was sold by 1633 Chicago LLC to Chicago-Davis Development LLC.

The other big-ticket sales involved single-family homes:

  • 208 Hamilton St. sold for $1.6 million.
  • 699 Sheridan Road changed hands for $1.3 million.
  • 414 Church St. went for $1.299 million.
  • 3025 Normandy Place found a new owner for $1.045 million.
  • 1221 Himan Ave. sold for $1.04 million.
  • 2130 Orrington Ave. went for $1.015 million.

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