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375 West Winchester Rd Libertyville, IL 60048

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For Sale
$5,200,000

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

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Listing Contact
Sean Connelly
Source: 33realty

Listing Agent: Sean Connelly

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

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Property Insight Report

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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

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.
More about this property
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