550-sheridan-square-gmap2014

Raymond Associates, a family-owned Northfield-based firm founded in 1962, has sold its entire property portfolio, including seven buildings in Evanston.

The buyer is Chicago real estate firm Speedwagon Properties.

Part of the Raymond portfolio, a six-story, 37-unit apartment building constructed in the 1970s at 550 Sheridan Square on the Evanston lakefront, was the biggest transaction in Evanston last month, selling for $7.2 million.

Other Raymond properties that sold here included 1700 Hinman Ave. for $4.4 million, 1740 Hinman Ave. for $4.36 million, 1516-20 Central St. for $2.38 million, 2114 Central St. for $2 million, 2602-04 Central St. for $2.42 million and 2620 Central St. for $1.1 million.

Overall 134 properties changed hands last month generating $503,130 in real estate transfer tax revenue for the city.

Figures from the City Clerk’s office show that while the sales revenue was slightly below that of 2011 and 2013, it was substantially above the average performance for the month over the past five years.

Sales for the year now are running ahead of the monthly pace needed to meet the city’s $2.875 million budget target for the real estate transfer tax.

In addition to the Raymond properties, transactions that toppe the $1 million mark in Evanston last month were:

  • An apartment building at 2500 Green Bay Road that sold for $4.339 million.
  • A 5,000 square foot, brick Georgian-style home at 2856 Sheridan Place that sold for $3.11 million.
  • A Mayo and Mayo designed home at 1000 Sheridan Road that sold for $1.45 million.
  • A stone and stucco home at 2800 Payne St. that sold for $1.395 million.
  • A Tudor-style home at 1025 Forest Ave. that sold for $1.325 million.
  • A home at 2412 Noyes St. that sold for $1.3 million
  • A colonial style home at 2407 Bennett Ave. that sold for $1.225 million.
  • An apartment building at 211 Custer Ave. that sold for $1.2 million.
  • A newer Prairie-style home at 2669 Orrington Ave. that sold for $1.16 million.
  • A stucco home at 1127 Forest Ave. that sold for $1.05 million.

Bill Smith is the editor and publisher of Evanston Now.

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