Libertyville Multifamily De-Conversion
For Sale
$5,200,000
375 West Winchester Road, Libertyville, IL 60048
32-unit multifamily property in Libertyville, Illinois, near I-94.
Property Size3,100 SF
Price / SF$1,677
Days on Market251
Property Features for 375 West Winchester Road
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Multifamily
Listing Agency:
(269) 873-6101
Listed By:
Matthew Petersen · License #475178997
(269) 873-6101
Source:
33realty
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 30 at 3:58AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 60048, IL
29,353
Population
10,826
Households
2.7
Avg Household Size
44
Median Age
71%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
1,034
Density / Sq Mi
$169,283
Median Household Income
$83,333
Median Earnings
$1,569
Median Rent
$535,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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.
