Aaron Giles Of 33 Realty Represents Sale Of Development Site At 1000 Chicago Avenue For $2.3M
1000 Chicago Avenue
$2,300,000
$172/SF
Building Size
13,312 SF
Asset Type
Development Site
Closing
Apr 7, 2026
AI
The property at 1000 Chicago Avenue is a development site located in Evanston. It was sold for $2,300,000, encompassing a total area of 13,312 square feet, resulting in a price per square foot of $172.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,300,000
- Square Footage: 13,312
- Price per Square Foot: $172
- Seller: Mo Jamali
- Broker: Aaron Giles - 33 Realty
- Market: Evanston
Aaron Giles of 33 Realty represented both the buyer and seller in this transaction. The site is positioned as a future development opportunity, highlighting the demand for infill land in transit-oriented corridors of Evanston, ideally suited for multifamily or mixed-use projects.
Players
Evanston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93