North Park Ventures LLC Acquires MultiFamily Building In Evanston For $17M

2730-66 Hampton Parkway is a 91-unit multifamily building near Northwestern University in Evanston, Illinois. The property was recently sold for $17,000,000. Built in 1939 and renovated in 2001, the building includes 29 two-bedroom and 62 one-bedroom units, with residences featuring hardwood flooring, updated kitchens with stainless steel appliances, on-site laundry, and a surface parking lot. The property is located in close proximity to Ryan Field, Welsh Ryan Arena, Northwestern University, and Evanston Hospital. Convenient access to Metra and CTA Purple Line stations and bus routes make it an attractive location.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $17,000,000.00
• Market: Evanston
• Seller's Representative: Patrick (Pat) Kennelly(Interra Realty), Paul Waterloo(Interra Realty)
• Buyer: North Park Ventures LLC
• Seller: Condo Association

Interra Realty, led by David Goss, Jon Morgan, Pat Kennelly, and Paul Waterloo, facilitated the sale of the property. North Park Ventures LLC, represented by David Goss and Jon Morgan, acquired the building and immediately began renovations, showcasing their commitment to adding value to properties in the rental market. The transaction marked the largest condo or apartment building sale in Evanston since 2018, highlighting the strong demand for multifamily buildings in desirable locations.