Albion Evanston

1500 Sherman Avenue, Evanston, IL, 60201, US

Description

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present Albion Evanston, a luxury apartment community located in dynamic Evanston, offering its residents the best of urban-suburban living, at the gateway to Chicago’s posh North Shore.

Albion Evanston delivers exceptional luxury living with premier finishes and spacious floor plans ranging from studios to two-bedroom residences. The comprehensive amenity package includes a resort-style heated outdoor pool, fully-equipped fitness center, rooftop sky club with terrace featuring grilling stations and outdoor dining, and a resident lounge, providing a convenient, elevated lifestyle.

Residents enjoy seamless access to Davis Street Metra and CTA stations, close proximity to prestigious Northwestern University, upscale grocery options, and diverse dining establishments. Evanston’s A+ rated public schools and nationally ranked healthcare systems ensure the highest quality of life. Located just 15 miles from Downtown Chicago, the property provides effortless access to both urban sophistication and suburban convenience.

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Attributes

Units

268

Occupancy

99%

Year built

2020

Building area net

29,729 sm

Media

Investment highlights

Incredible Submarket Fundamentals
95% projected occupancy through 2030
0.74% projected inventory growth through 2030 in Evanston submarket
Northwestern University students provide a strong renter base
Evanston is an extremely high barrier to entry submarket

Generational Asset
In-demand finishes & features
Floor plan optionality from studios to 2-bedrooms
Best-in-class amenity package
Long-term value appreciation
Irreplaceable location in coveted submarket

Unbeatable Urban-Suburban Location
Proximate to Northwestern University & Lake Michigan
Walk to everything location: 97 Walk Score & 87 Bike Score
Steps to both CTA Purple Line & Metra UP-N Line
Easy access to bustling downtown Chicago & posh North Shore
Plethora of Fortune 1000 companies located nearby

Unwavering Property Performance
Consistently above 95% average occupancy since 2024
Zero concessions offered
No bad debt
75% of residents are affiliated with Kellogg School of Management graduate programs
High average household income of $139k