ASSET OVERVIEW
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 is achieving an impressive ~21%+ growth on new leases and 6% on renewals YTD.
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 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
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