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    375 West Winchester Rd Libertyville, IL 60048

    For Sale
    $5,200,000

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

    Property size:
    3,100 SF

    Property Features for 375 West Winchester Rd

    General Information

    Size
    3,100 SF

    Source: Matthew Petersen Agent Matthew Petersen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Libertyville Multifamily De-Conversion Opportunity

    This multifamily property, constructed in 1969, features 32 units within a 3-story building. The unit mix includes 11 one-bedroom, one-bathroom units, 4 two-bedroom, one-bathroom units, and 17 two-bedroom, one-and-a-half bathroom units. The building includes elevator access and coin-operated laundry facilities. Each unit has individual electric metering, and assigned parking is available. The property is located in Lake County, with convenient access to I-94. It is also located close to Libertyville High School, within a half mile of the Libertyville Metra Train, and close to Lake Minear. The property is located in Libertyville, approximately 37 miles from Chicago and seven miles west of Lake Michigan. Libertyville is an established residential community that has traditionally served as a major market and service center for central Lake County. The population of the Village is nearly 22,000. The property presents a value-add and de-conversion opportunity. The complex has a mix of rentals and individual owners, creating a range of rent prices and an opportunity to raise rents.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.959506
    Latitude
    42.2941086

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    FAQs

    What type of property is this?
    Apartment building - 32-unit multifamily property in Libertyville, Illinois, near I-94.
    Where is this apartment building located?
    The property is located at 375 West Winchester Rd Libertyville, IL.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - De-conversion opportunity for a 32-unit building.; - Value-add potential through renovation and rent increases to market levels.; - Located in Libertyville, Lake County, a desirable residential community.
    (269) 873-6101
    Request Owner's contact information
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    Libertyville, IL 60048
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    375 West Winchester Rd Libertyville, IL 60048
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