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 99%-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 99% occupied and achieved impressive ~21%+ growth on new leases and 6% on renewals in 2022.

...

Attributes

Number of units
352 units
Occupancy
93%
Year built
2015
Building area net
27,545 m²

Media

Investment Highlights

Unbeatable Property Performance and Submarket

 

  • 98% average occupancy over the last 12 months
    • 97% average occupancy since 2021
    • No concessions offered since March 2021
    • Stabilized submarket and a muted supply pipeline
    • 96% submarket occupancy during 4Q2022
    • 8.5% YoY rent effective rent growth in the submarket

 

Phenomenal Urban-Suburban Location

  • Downtown Evanston, IL location
    • Steps from Northwestern University
    • 94 Walk Score
    • 99 Bike Score

 

Best-In-Class Apartment Community

  • Expansive amenities
    • In-demand finishes & features
    • Floorplan optionality from studios to townhomes
E2 Apartments 4_Property for Sale
E2 Apartments 4_Property for Sale

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Last updated
27 Oct 2023