The Main_Property for Sale
The Main_Property for Sale

The Main

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

Description

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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Attributes

Units
112
Year built
2016
Building area net
100,737 sf
Parking spaces
134

Media

Investment highlights

  1. Ideal Investment Opportunity
  2. In-demand finishes & features
  3. Floor plan optionality from studios to 3-bedrooms
  4. Discount to replacement cost
  5. Rarely available institutional quality asset in Evanston
  6. Highly sought-after urban-suburban location
  7. Strong Property Performance
  8. 7% trade outs on new leases and 3% growth on renewals
  9. Consistent 96% average occupancy since 2021
  10. 110 units currently leased
  11. No concessions offered
  12. 40% of residents are Northwestern graduate students
  13. Phenomenal Luxury Renter Market
  14. 4.4% average effective rent growth in the last 5 years
  15. No units under construction in Evanston
  16. Renter-by-choice resident base
  17. #1 rent growth (4.5%) with lowest supply nationally among suburban markets
  18. Urban-Suburban TOD Location
  19. 91 Walk Score & 88 bike score
  20. Adjacent to both CTA purple line & Metra UP-N Line
  21. Steps to Lake Michigan
  22. 6 public beaches, 89 parks, and 50 playgrounds
  23. East access to bustling downtown Chicago & posh North Shore

The Main 4_Property for Sale
The Main 4_Property for Sale

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The Main (0 Properties)

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Last updated
Feb 17, 2026