Essex Realty Group, LLC is pleased to announce the sale of 718-724 Hinman Ave., a stately 32-unit vintage courtyard apartment building located in Evanston, Illinois. The Property offered a compelling investment opportunity in one of Chicago’s most stable and sought-after submarkets.

The Property consists of 18 one-bedroom and 14 two-bedroom apartments with 4 outdoor parking spaces. Each unit includes a dedicated storage space. The apartments are well-maintained but have older finishes, including older cabinetry, white appliances, and Formica countertops, though 10 units feature stone countertops. Furthermore, most kitchens have dishwashers and built-in microwaves.

The Property is located in one of Evanston’s most desirable neighborhoods, approximately one-half mile from Lake Michigan and less than two miles from Northwestern University’s campus. The property is just a short walk from both the CTA Purple Line and Metra Union Pacific North Line service. Restaurants, retail, grocery, and shopping are also within walking distance.

Essex Realty Group, LLC led an extensive marketing campaign that generated 28 tours and 13 written offers, creating a competitive bidding process.

Evanston, Illinois, an affluent suburb of Chicago, is located 14 miles north of Chicago’s Central Business District and is bordered by Skokie to the west, Wilmette to the north, and Lake Michigan to the east. Evanston is home to Northwestern University, which has a total enrollment of approximately 22,000 students. In addition, Evanston has a vibrant business community, healthcare, transportation systems and is surrounded by tree-lined streets, multi-million dollar single-family homes, beautiful parks, and lakefront access.

The city’s diverse population of approximately 76,000 residents includes students, university faculty, young professionals, and communityminded families. Evanston is ranked #1 Best Place to Live in Cook County, #1 Best Suburb for Young Professionals in Illinois, and #59 Best Suburb to Live in America according to Niche’s 2025 rankings. Evanston Township High School is ranked 39th in Illinois and 933rd in the nation by U.S. News & World Report, and the city has received recognition for excellence in urban planning and community development. The Evanston community has seen several recent multi-family developments along Ridge Avenue, as well as the renovation of commercial buildings in downtown Evanston. These projects have successfully attracted new residents and visitors, as well as high-end dining options to the downtown areas. Residents benefit from the multitude of community amenities including local eateries, boutiques, cafes, fitness options, parks, and trails.

• 32 units consisting of 18 one-bedroom and 14 two-bedroom apartments
• 4 outdoor parking spaces and dedicated storage for each unit
• Prime Evanston location half a mile from Lake Michigan, less than two miles from Northwestern University, with walkable access to the CTA Purple Line, Metra service, and downtown retail and dining
• Generated 28 tours and 13 written offers