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- LoopNet Team
504-518 South
Evanston, IL 60202
Mixed Income Residential RFP · Land For Sale
·
0.96 AC

Investment Highlights
- Purple Line Transit Station (CTA) 400 feet away, two blocks south of Metra Station
- Close to Main Street Business District, 1.5 miles south of Downtown Evanston and Northwestern University
- Lake Michigan 1/2 mile west (South Boulevard Beach)
Property Facts
| Property Type | Land | Total Lot Size | 0.96 AC |
| Property Subtype | Commercial | Cross Streets | Hinman |
| Proposed Use | Apartment Units - Subsidized |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Subsidized |
| Total Lot Size | 0.96 AC |
| Cross Streets | Hinman |
Description
The City of Evanston (“the City”) in collaboration with the Housing Authority of Cook County (HACC) is seeking proposals from qualified developers for the redevelopment of 504-518 South Boulevard (“the Site”) in Evanston, IL. The Site is located in close proximity to amenities, transit, and employment opportunities. The Chicago Transit Authority (CTA) Purple Line station is approximately 400 feet west. Lake Michigan and South Boulevard Beach are approximately ½ mile east of the Site. The Main and Chicago business district is ½ mile north, while downtown Evanston is 1.5 miles north. One of Evanston’s largest employers, AMITA Health Saint Francis Hospital is a ten-minute walk west. Northwestern University is 1.5 miles north. Northshore University Health System corporate headquarters and Evanston Hospital are three miles north and a short Purple Line trip away. This southeast Evanston neighborhood has an engaged and socioeconomically diverse population that is committed to the local public school. A successful proposal will be a mixed income residential development with units affordable to a wide range of households at various tiers including market rate and 30% to 100% of Area Median Income (AMI). Proposals must include the provision of family sized units (e.g. three-bedrooms) and consider amenity spaces such as community rooms, computer rooms, or/and children’s play room, as permissible. The project design must fit within the neighborhood context in terms of height, massing, and materials. The Site is currently zoned R4. The project will be a Planned Development which provides some flexibility. However, no proposal will be accepted that exceeds the C1a or R5 zoning limits established in the City Code. The new development must include 20 permit parking spaces, equal to the average number of permits issued for the existing parking lot, to limit parking impact in the neighborhood. The proposed 504-514 South Boulevard development site is actually two parcels and an undeveloped right-of-way that total approximately 42,000 square feet in size. The Housing Authority of Cook County owns four affordable townhouse units, two 2- bedroom and two 3-bedroom, on the 508-514 parcel. The City of Evanston operates a 69-space parking lot on the adjacent city-owned property at 504 South Boulevard. Included in the lot is a portion of an undeveloped extension of Hinman Avenue. The neighborhood is primarily residential in nature. To the north is Evanston Courts townhome development (Zoned C1a) and a mix of two flats, courtyard walk ups, and modern apartment buildings (zoned R5). As illustrated in the map below, the development site is adjacent to the Calvary Catholic Cemetery, located to the south, residential to the east and north. Immediately west of the HACC property is a maintenance garage owned by Catholic Cemeteries. St. Francis Hospital is a ten minute walk (.5 miles) from the site. West of the maintenance garage lining Chicago Avenue are two mixed use residential /commercial properties and a single family home. These properties are zoned C1a. The South Boulevard CTA Purple Line station is within 300 feet of the HACC property
Links
Listing ID: 23144483
Date on Market: 5/20/2021
Last Updated:
Address: 504-518 South, Evanston, IL 60202
The Evanston Land Property at 504-518 South, Evanston, IL 60202 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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