Libertyville Multifamily De-Conversion
375 West Winchester Road, Libertyville, IL 60048
32-unit multifamily property in Libertyville, Illinois, near I-94.
Type:Multifamily
Property size:
3,100 SFPrice / SF:
$1,677/SF- Added:
- Nov 21, 2025
- Days on Market:
- 181
- Last Refresh:
- Apr 5 at 8:09 pm
Property Features for 375 West Winchester Road
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- Multifamily
Listing agent Matthew Petersen License #475178997 (269) 873-6101
Listing office (269) 873-6101
Listing date Nov 21, 2025
Source 33realty
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 Matthew Petersen
HighLights
- 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.
- Convenient access to I‑94 and close proximity to the Libertyville Metra Train.
- Building features elevator access and assigned parking.
- Individual electric metering for each unit.
Overview
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
Location Insight
- Map
- Local Demand
- City
- Libertyville
- County
- Lake
- State
- Illinois
- Longitude
- -87.9595
- Latitude
- 42.2941
Nearby Similar for Sale
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 Road 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.
