Property Overview

Interra Realty has been exclusively engaged to market 100 Chicago Avenue, Evanston, "Evanston Gateway", for sale. The subject investment property is a new construction, luxury mixed-use asset in one of Chicago's most desirable and affluent suburbs.

Evanston Gateway is a five story building with 28 high-end apartments over approximately 5,000 SF of street-level commercial space and 30 parking spaces. The apartment units offer spacious layouts (946 SF average) and are appointed with market leading finishes, in-unit laundry and individual HVAC. The property offers a robust set of common area amenities for a boutique building, including; fitness center, bike storage and a rooftop deck with views of Lake Michigan, Evanston and downtown Chicago.

The property is being offered for sale with an adjacent lot to the north of the property that could be converted to an additional parking lot. Alternatively, the lot could provide an additional development opportunity such as a single story retail space, mid-rise residential building, or a phase II of the existing structure. The retail condo was sold to a third party and is operated as a mixed concept with West Town Bakery and OKAY Dispensary which is not included in the sale.

Highlights

  • Rarely Available, Boutique New Construction Asset
  • Luxurious Apartments with Generous Floorplans
  • Attractive Parking Ratio
  • Best-in-Class Development Team
  • Dynamic Evanston Location Steps from Retail, Transportation and Parks

Key Details

Sale Price
$8,730,000
Number of Units
Twenty-Eight (28)
Submarket
Evanston