Reported Oct 12, 2026 · Source: Bisnow
Albion Evanston is a multifamily & mixed-use sale in North Shore / North Suburbs, Chicagoland. Other details we have: buyer Draper and Kramer; seller Albion Residential affiliate; price $126.3M (about $126M reported); size 268 units; 98.5% leased. Bisnow reports: “Draper and Kramer scooped up the 268-unit, 15-story Albion Evanston, a luxury apartment building in the northern suburb, the company announced in a release Friday.” Bisnow reports: “Draper and Kramer plans to rebrand the building at 1500 Sherman Ave. to Eva under its ownership.”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at Bisnow. What the article says:
Draper and Kramer scooped up the 268-unit, 15-story Albion Evanston, a luxury apartment building in the northern suburb, the company announced in a release Friday.
Draper and Kramer plans to rebrand the building at 1500 Sherman Ave. to Eva under its ownership.
The deal carries a reported sale price of about $126M, one of the highest-ever price tags for a Chicago-area suburban apartment building, according to Crain's Chicago Business.
Article date: 2026-10-12T17:12:11-04:00
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Compiled from public sources; details can differ between sources. Always verify with the linked source.