The Main

847 Chicago Ave, Evanston, IL, 60202-2307, US

Descrição

Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present The Main, a luxury apartment community located in dynamic Evanston, a Chicago-adjacent suburb which boasts the best of urban-suburban living. The Main offers above-and-beyond luxury living including premier finishes, spacious floor plans ranging from studios to 3-bedroom homes. With an ideal amenity package that includes a fully-equipped fitness center, a landscaped terrace with a grilling station and outdoor dining, and a resident entertainment lounge, residents are able to enjoy a convenient lifestyle. The Main is conveniently located along Chicago Ave, an integral thoroughfare in Evanston with immediate access to the Main Street Metra and L stops, excellent 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. The property is just 14 miles from Downtown Chicago providing residents with easy access to both urban and suburban amenities.

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Atributos

Número de unidades

112

Ano de construção

2016

Área de construção líquida

9.359 m²

Vagas de estacionamento

134

Media

Destaques do investimento

Rare Value-Add Investment Opportunity
Institutionally owned and operated since development; 4.7-star Google rating
Opportunity to modernize units with select upgrades
In-demand finishes & features
Discount to replacement cost
Floor plan optionality from studios to 3-bedrooms including floor plans with dens
Strong Property Performance
6% trade outs on new leases and 3% growth on renewals in 2025
Consistent 96% average occupancy since 2021
110 Units currently leased
No concessions offered
No bad debt
~44% Strong Northwestern Graduate Student Population
Phenomenal Luxury Renter Market
4.4% average effective rent growth in the last 5 years
De minimis units under construction in Evanston
Renter-by-choice resident base
#1 rent growth (4.5%) with lowest supply nationally among suburban markets
Urban-Suburban TOD Location
91 Walk Score & 88 bike score
Adjacent to both CTA purple line & Metra UP-N Line
Steps to Lake Michigan
6 public beaches, 89 parks, and 50 playgrounds
Easy access to bustling downtown Chicago & posh North Shore
Northwestern University shuttle bus stops in front of building