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    Newly Built Apartment Building
    Updated: Jun 2
    Newly Built Apartment Building

    1401 N Western Ave, Lake Forest, IL 60045

    $6,900,000
    2024‑built apartment building in Lake Forest, IL
    Fully occupied multifamily asset
    Large units with patios and open floor plans
    Bertazzoni appliances, in‑unit laundry, and modern finishes
    Two outdoor parking spaces per unit
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Lake Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Libertyville Multifamily De-Conversion Opportunity
    Libertyville Multifamily De-Conversion Opportunity

    375 West Winchester Road, Libertyville, IL 60048

    $5,200,000
    3,100 sqft

    32-unit multifamily property in Libertyville, Illinois, near I-94.

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    Six-Unit Residential Income Building
    Six-Unit Residential Income Building

    612 N Piper Ln, Prospect Heights, IL 60070

    Contact for pricing

    Well-maintained six-unit building is fully rented with recently remodeled bathrooms and a roof and gutters under one year old.

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    Mixed-Use Retail and Office Building
    Mixed-Use Retail and Office Building

    602-610 N Milwaukee Ave, Libertyville, IL 60048

    Contact for pricing

    Nine mixed-use units include retail, office, and 1BR/1BA apartments, all currently occupied.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    512 Piper Lane, Prospect Heights, IL 60070

    Contact for pricing

    Updated unit interiors and assigned resident parking support a straightforward multifamily configuration.

    View details

    Lake Forest, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Lake Forest, IL on our real estate platform.

    Sale prices for two-family homes in Lake Forest, IL average $6,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 21K
    Population Growth (5Y) -0.8%
    Median Household Income $225,551

    Taxes & Financing

    Tax Rate (average for all types) 6.70%
    Property Tax per SF $18.26 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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