E2 Apartments_Property for Sale
E2 Apartments_Property for Sale
1890 Maple Ave, Evanston, IL, 60201-3159, US

E2 Apartments

Asset description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present E2 Apartments, a luxury apartment community located in dynamic downtown Evanston, a Chicago-adjacent suburb offering its residents the best of urban-suburban living.


E2 boasts a variety of in-demand apartment layouts from spacious studios to three-bedroom homes, as well as townhome units with private direct access entrances.


This 100%-occupied community offers above-and-beyond luxury living including premier finishes, spacious floorplans with ample storage, and a resort-style collection of amenities, including a state of the art fitness center, a basketball court, a luxurious pool with private cabanas, a theater, private working spaces, and a resident lounge with a catering kitchen.


E2 is conveniently located along Emerson St., a main thoroughfare for Evanston, with immediate access to the Davis St Metra and L Stops, Northwestern University, high-end grocery, and optimal dining options. Evanston’s A+ rated public schools and nationally ranked healthcare allow residents to have the highest quality of life with everything at their fingertips. E2 is just 12 miles from Downtown Chicago providing residents with easy access to both urban and suburban amenities.


E2 is 98% occupied and achieved an impressive 5%+ growth on new leases and 6% on renewals YTD.

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Attributes

Year built
2015
Units
352
Building area net
78,224 sm
Occupancy
98%

Media

Investment highlights

FANTASTIC PROPERTY PERFORMANCE

  • 100% occupancy
  • No concessions offered
  • Impressive 6% renewal trade out growth & 5% growth on new leases YTD


BEST-IN-CLASS APARTMENT COMMUNITY

  • In-demand finishes & features
  • Unbeatable and expansive amenities
  • Floorplan optionality from studios to townhomes


TRANSIT-ORIENTED LOCATION

  • 94 walk score & 99 bike score
  • < 30-min Metra ride from Evanston to the Chicago Loop
  • < 30-min drive to downtown Chicago


UNBEATABLE URBAN-SUBURBAN LOCATION

  • Northwestern University just steps away
  • Plethora of Fortune 1000 companies located nearby
  • 6 public beaches, 89 parks, and 50 playgrounds
  • Steps to downtown Evanston - dining & retail paradise


BOOMING LUXURY RENTER MARKET

  • 3.7% YOY derived effective rent % growth
  • Institutionally owned assets closest to campus average ~98% occupancy over the last 3 years
  • Limited submarket supply
  • Northwestern University students provide a strong renter base
E2 Apartments 4_Property for Sale
E2 Apartments 4_Property for Sale

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Last updated
Oct 16, 2024