From Crain’s Chicago Real Estate Daily, June 24, 2009:
A pioneering effort to develop a 221-unit apartment building on the scruffy border of Evanston and Rogers Park has been whacked by a $38.2-million foreclosure lawsuit.
From Crain’s Chicago Real Estate Daily, May 12, 2010:
A veteran Northern California investor who says he aims for the bottom of the apartment market may have found it along the dreary border between Evanston and Rogers Park, paying a little less than $30 million for a 221-unit building that cost $58 million to build just two years ago.
So is “scruffy” to “dreary” an upgrade or not? What’s the right word for this stretch of Howard Street?
“opportunity”
Not many people would feel comfortable walking there at night. “Get your white A$$ out of here” is something I heard rather often after getting off the red line. “Units in Skyline rent for substantially less than comparable units in Evanston. A Skyline studio rents for about $1,150 a month.” This is really a joke. A studio can be rented in this area for $500-600. I understand there is a difference between a brand new building and a 100 year old 40 unit conversion, however, I’d doubt anyone who’d pay $1150 for a studio would want to live in this area of Evanston, which is simply not safe. You can get a 1 bedroom in downtown Evanston for that much.
Join me for a scenic video drive along Howard Street, a while back.
Isn’t Skyline IN Evanston? I know several people who live in the “jungle” and they have never had any problems there, once they were known as residents. In fact, when I went on the house tour last year, the people sitting out on their stoops were very friendly, while still keeping an eye out. But further west on Howard or south of Howard, it’s a different story (couples chasing each other with golf clubs, etc).
“(couples chasing each other with golf clubs, etc).”
When did Tiger Woods move to Rogers Park?!?!?!
I recently purchased a 3 bedroom condo on Paulina just one block North of Howard. The area is actually pretty safe. My girlfriend and I walk our dog in the middle of the night and have never had anyone do anything except come up and ask us what our dog’s name is. There are a lot of well to do people in the units on our block and just general friendliness. I think people driving by on Howard might just be apprehensive because of the diversity…. not all african american ppl are on section 8 or in a gang. Most of the residents are from West Africa and of Jamaican decent
Mark,
Diversity doesn’t make me apprehensive at all. Gang activity does and, from the police reports, .there continues to be plenty of it along Howard Street.