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Condo conversions keep on coming

Despite some softening of the overall real estate market, condo conversions in Evanston are continuing at a substantial pace.

City officials report they approved disclosure documents for 46 condominium conversions with a total of 567 units from January 2003 through July of this year.

And Donna Spicuzza of the city’s planning division says at least 15 more projects are under review now.

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Units 10 + 42.0226537094825,-87.6904141902924:Address 222-240 Asbury
Units 34 + 42.0214382362749,-87.6795673370361:Address 623 Brummel
Units 14 + 42.0214262806854,-87.682421207428:Address 741 Brummel
Units 4 + 42.0201490122517,-87.6789638400078:Address 121-123 Callan
Units 6 + 42.0203084231298,-87.6796638965607:Address 122-130 Callan
Units 25 + 42.0203024452291,-87.6789128780365:Address 125-127 Callan
Units 9+ 42.0209639961649,-87.6789021492004:Address 143-149 Callan
Units 18 + 42.0224066315644,-87.6842451095581:Address 829 Case
Units 7 + 42.0640535886378,-87.6907896995544:Address 1324 Central
Units 6 + 42.0632491136635,-87.7149403095245:Address 2934 Central
Units 8 + 42.0482808343507,-87.687474489212:Address 1110-1112 Church
Units 4 + 42.0606205600139,-87.6996302604675:Address 1918 Colfax
Units 3 + 42.0208245131064,-87.6807314157486:Address 138 Custer
Units 3 + 42.0216614068676,-87.6801306009293:Address 211 Custer
Units 6 + 42.0201111521094,-87.6839876174927:Address 820-822 Dobson
Units 6 + 42.020143034336,-87.6830863952637:Address 800 -806 Dobson
Units 19 + 42.0433171827973,-87.6839768886566:Address 1414 Elmwood
Units 22 + 42.0404806363649,-87.6840734481812:Address 1224-1230 Elmwood
Units 25 + 42.0286151694554,-87.6839876174927:Address 551- 555 Elmwood
Units 15 + 42.0334763740626,-87.6843738555908:Address 836-838 Elmwood
Units 5 + 42.0354207518089,-87.6747071743012:Address 937 Forest
Units 21 + 42.0345123204293,-87.6744818687439:Address 913-915 Forest
Units 5 + 42.0636314396748,-87.7009284496307:Address 2017 Harrison
Units 3 + 42.0544390474874,-87.6926457881928:Address 2011-13 Jackson
Units 6 + 42.0330062082178,-87.6763486862183:Address 828 Judson
Units 26 + 42.0291331843644,-87.6757478713989:Address 618-628 Judson
Units 20 + 42.0344884141651,-87.6849746704102:Address 911-913 Maple
Units 6 + 42.030974095499,-87.695392370224:Address 1613-15 Monroe
Units 12 + 42.0227334118319,-87.6779687404633:Address 602 Mulford
Units 12 + 42.0228051438609,-87.6814126968384:Address 718 Mulford
Units 5 + 42.0232833553197,-87.6813268661499:Address 713 – 719 Mulford
Units 18 + 42.0650093872386,-87.7002096176147:Address 2619 Prairie
Units 5 + 42.0638385319696,-87.7000594139099:Address 2537-41 Prairie
Units 52 + 42.0296272869595,-87.6844489574432:Address 900 Reba
Units 22 + 42.0296193175933,-87.6805758476257:Address 702-704 Reba
Units 14 + 42.0214103398958,-87.684588432312:Address 201 Ridge
Units 15 + 42.0571873457733,-87.6860797405243:Address 2145-47 Ridge
Units 12 + 42.0338429416304,-87.6864123344421:Address 843-849 Ridge
Units 22 + 42.0291491232177,-87.6812517642975:Address 715 Seward
Units 17 + 42.0599833184994,-87.6820349693298:Address 2314-16 Sherman
Units 16 + 42.0274117646809,-87.6761984825134:Address 423-425 South Blvd
Units 9]

Condo conversions approved since January 2003. Click on a marker to see the building’s address and unit count.

Condo conversions approved since 2003 have been concentrated in the 8th Ward, which has seen 17 projects approved for the area south of South Boulevard, running from Chicago Avenue to Asbury.

The 3rd, 4th, 7th and 9th Wards each have seen a handful of conversions, with smaller numbers in the 5th and 6th Wards. The city data shows no condominium conversion projects approved in the 1st or 2nd wards since January 2003.

The conversion projects, while more numerous than new condo construction projects, have fewer total units. The city has approved disclosure documents for 13 new construction condo projects since January 2003 with a total of 853 units.

The pipeline of new condo construction also is still lively. About 10 planned development projects with a total of several hundred units have been approved by City Council, but haven’t reached the disclosure document approval stage yet.

Shifting housing mix

The 2000 census showed that Evanston had 30,615 housing units — 49 percent rental units, 31 percent single-family detached homes and 20 percent townhouses, condos and co-ops not held as rental property.

If trends of the past three-and-a-half years are projected onto the full decade, the city could see an increase of about 3,000 housing units by 2010.

Condo conversions are only being partially offset by construction of new rental properties. So far this decade only one major rental project, The Reserve, a 193-unit complex at 1910-1940 Ridge Ave., has been completed

And only a few new single family homes are being built, while a few also are being torn down and replaced with condos or townhouses.

So by 2010 Evanston’s housing mix might be 42 percent rentals, 29 percent single family detached homes and 30 percent townhouses, condos and co-ops.

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