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Overview

2247 Ridge is strategically located throughout Evanston’s charming tree-lined residential streets, all of which are within arms-reach of the city’s largest employers, universities and shopping district, driving economic growth and apartment demand. Additionally, Evanston’s transit oriented location provides residents with the convenience of easy access to Chicago’s CTA and Metra lines, providing quick and comfortable rides for those commuting on a daily basis or simply visiting Chicago’s inner city. This combination truly creates a “Live-work-play” environment and culture throughout this Northern Chicago city.

Evanston features several economic anchors that continue to attract renters to the submarket. Northwestern University is the most influential driver of economic/population growth, employment and apartment demand in Evanston with 21,000+ students enrolled. Roughly, 20% of students live in housing owned, operated, or affiliated with the University, flooding the market rate off-campus apartment market with renters. Additional apartment demand stems from the numerous workers employed by the local medical industry, which includes the North Shore University Health System and Saint Francis Hospital. These healthcare organizations combined employ 5,000 healthcare professionals within minutes of the subject properties. Given the large concentration of students, and young professionals, Evanston is a safe, walkable and lively city full of college students and highly educated young professionals. As with most university cities, residents of Evanston are within walking distance of a huge variety of restaurants, bars, retail shops, theatres, plus its unique lakeside amenities including Clark Street Beach and Centennial Park.

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