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11-Unit Apartment Building

1627 Woodbine Drive, Round Lake Beach, IL 60073

For Sale
New
$1,850,000

Three vacant parcels with commercial zoning are included alongside the apartment property.

Property SizeContact for details
Days on Market7

Property Features for 1627 Woodbine Drive

General Information

Standard status Active
Property subtype Multi Family 5+

Units

Unit Mix 4 x 1BR, 7 x 2BR
Multifamily Units 11

Taxes and HOA fees

Annual Taxes $13,954

Amenities

120'X45'
0.12

Building Details

Year Built 1972
Stories 3
Listing Agency: Generation HomePro
Listed By: Tammy Rodrigues · License #471019317
Source: Generationhomepro
Added: Oct 31 Changed: Nov 6 Last Checked: Nov 6 at 2:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Generation HomePro

Rey
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Investment Insights

Based on property information with market context.

The 1972 apartment building contains 11 units: four one-bedroom apartments and seven two-bedroom apartments. Property improvements include a replacement boiler and heating system, a newer roof, and recently applied interior paint.

The offering also includes three vacant side lots, each zoned commercial.

Key Highlights

  • 11 apartments: four one‑bedroom units and seven two‑bedroom units
  • Three vacant side lots included, zoned commercial
  • Built in 1972

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

53
Businesses Nearby

Demographics for 60073, IL

61,721
Population
20,864
Households
3
Avg Household Size
34
Median Age
27%
College-Educated
81%
High-School Grad
18.5 sq mi
ZIP Area
3,336
Density / Sq Mi
$95,457
Median Household Income
$43,228
Median Earnings
$1,461
Median Rent
$215,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three vacant parcels with commercial zoning are included alongside the apartment property.
Where is this apartment building located?
The property is located at 1627 Woodbine Drive Round Lake Beach, IL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 11 apartments: four one‑bedroom units and seven two‑bedroom units; Three vacant side lots included, zoned commercial; Built in 1972
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