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    601 Broadway St, Unit Libertyville Libertyville, IL 60048

    For Sale
    $4,025,000

    Cash-flowing 7-unit townhome development near Libertyville's shopping and dining.

    Lot size:
    0.54 Acres

    Property Features for 601 Broadway St

    General Information

    Standard status
    Active
    Lot size
    0.54 Acres

    Building Details

    Year built
    2022

    Source: KINZIE BROKERAGE LLC Agent STEVEN MAHER

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

    Overview

    Libertyville Townhome Development Opportunity

    This is a 7-unit rental townhome development located in Libertyville, Illinois. The property is situated within walking distance of Libertyville's shopping and dining options. The unit mix includes six 3-bedroom, 2.5-bathroom townhomes and one 2-bedroom, 1.5-bathroom townhome. Interior features include a 2-car garage with extra storage, 9-foot ceilings on the first two levels, fully sprinklered units, a quick recovery water heater, and an energy-efficient HVAC system, as well as a side-by-side washer and dryer. High-end finishes include 42-inch upper cabinets with soft-close doors and drawers, 3cm quartz countertops, stainless steel appliances, and vinyl plank flooring. The property includes one affordable unit, which provides real estate tax credits for the entire development.
    Property Profile Insight Report 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
    -87.944701
    Latitude
    42.284474

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    FAQs

    What type of property is this?
    Apartment building - Cash-flowing 7-unit townhome development near Libertyville's shopping and dining.
    Where is this apartment building located?
    The property is located at 601 Broadway St, Unit Libertyville Libertyville, IL.
    What is the asking price?
    The asking price for this property is $4,025,000.
    What are key features of this property?
    This property features: - Cash-flowing 7-unit townhome development.; - Prime location in the heart of Libertyville, steps from shopping and dining.; - Attractive mix of 3-bedroom and 2-bedroom townhomes with modern amenities.
    (847) 383-6778
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    601 Broadway St, Unit Libertyville Libertyville, IL 60048
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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
    601 Broadway St, Unit Libertyville Libertyville, IL 60048
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