1024 Noyes St, Evanston, IL for sale

Investment Overview

95 Realty, as exclusive advisor, is pleased to offer for purchase 1024 Noyes, an 18-unit apartment building located in the heart of Evanston’s premier Northwestern University student housing corridor. Situated just blocks from campus, the property benefits from exceptional walkability, consistent tenant demand, and one of the strongest rental submarkets in Chicagoland. The building features a highly attractive unit mix of (12) 2BR/1BA, (4) 3BR/2BA, and (2) 4BR/2BA apartments — larger floor plans that command premium rents and cater directly to Northwestern’s student population. The property includes common laundry in the basement and five surface parking spaces, a valuable amenity in this dense, transit-oriented neighborhood. 1024 Noyes offers a compelling opportunity to drive returns primarily through bringing in-place rents to current market levels, supported by continued strength in student housing demand and limited new supply near campus. Select light interior upgrades, such as updating kitchens and bathrooms, can further enhance rent growth. With its irreplaceable proximity to Northwestern University and strong fundamentals, 1024 Noyes represents a rare opportunity to acquire a stabilized, high-demand student housing asset with clear mark-to-market potential in Evanston.