2017 Jackson AveEvanston, IL 60201

Exceptional development opportunity in Evanston, Illinois, presents a 14,504 square foot lot zoned R5 Residential, approved for a 24-unit apartment building. This prime location offers a compelling investment prospect with significant potential for high returns. The approved plans encompass a mix of 18 two-bedroom and 6 one-bedroom units, along with 25 parking spaces (17 interior and 8 exterior). Residents will enjoy amenities such as a rooftop deck and most units will feature private balconies. The property's strategic location provides easy access to downtown Evanston, a short 12-minute walk to both the Metra Station and the Noyes Purple Line EL stop. Its proximity to Northwestern University, a 240-acre campus with over 20,000 students, ensures a robust rental market. The surrounding area boasts a vibrant mix of amenities, including the Double Clutch Brewery, Soul & Smoke restaurant, Walgreens, Hecky's, the Hills art district, a skate park, bike paths, and numerous parks. Major employers in the vicinity include Northwestern University, Northshore Hospital, Rotary International Headquarters, ZS Associates, and many others, further solidifying the area's strong economic base. An adjacent 1.5-acre parcel may also be available for purchase. Detailed survey and building plans are available upon request. The asking price for this exceptional development opportunity is $850,000. Lot dimensions are approximately 97 x 149 feet.