About this location sources
is in the community area.
505 Chicago Ave is in part of a regional housing submarket that can be characterized as "higher-income, young, educated, strong market urban".
People who earn a moderate income* in this area typically spend about 34% of their income on housing.
People who earn a moderate income* in this area typically spend about 17% of their income on transportation.
* Moderate income means a household that earns 80% of the regional median income. CNT views affordability as when a household spends no more than 45% of its income on housing + transportation.
There is 1 large park within 1 mile of 505 Chicago Ave: Crown Park.
505 Chicago Ave is in a very high walkable area.
The neighborhood around 505 Chicago Ave is highly supportive of redevelopment and infill development.
Where is 505 Chicago Ave
Land use analysis
There are 4 land uses that occupy 5% or more of a 1 square mile area around 505 Chicago Ave:
- Road right-of-way (ROW) - 25%
- Multi-family (incl. 4+ stories w/commercial) - 24%
- Single-Family Detached - 17%
- Cemeteries - 12%
There are 28 distinct land uses in the 1 square mile area.
CMAP: collected in 2013, published in 2016.
We don't currently have zoning information for Evanston but we have partners around the region who can help you understand what you can build here.
Properties in Evanston near train stations – CTA's rapid transit 'L' and Metra's commuter rail – may be eligible for bonuses under the city's Inclusionary Housing Ordinance (IHO) (Evanston Code of Ordinances, Title 5, Chapter 7).
The IHO requires compliance from "covered developments", which, among other qualifications written in Code of Ordinances section 5-7-3, is a development in a TOD area with 5 or more dwelling units, or a development outside of a TOD area with 10 or more dwelling units.
? of 17 development & financial incentives at 505 Chicago Ave, Evanston, IL
Upgrade to Cityscape Enterprise to see which financial & development incentives 505 Chicago Ave is eligible for, from Chicago, Cook County, State of Illinois, and the federal government, including:
- Micro Market Recovery Program (MMRP)
- Downtown Expansion
- Neighborhood Opportunity Fund
- New Market Tax Credits (NMTC)
- CHA Mobility Areas
- Housing Choice Voucher property tax savings areas
- Opportunity Zones - Federal program to encourage investment in certain Census tracts by discounting capital gains taxes
- Opportunity Investment Fund areas - Local program to spur preserving affordable housing
- and more
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The following sections are the myriad datasets that Chicago Cityscape has collected for this Address Snapshot report