375 West Winchester Road Listing Details & Market Data

The Village of Libertyville is located in south central Lake County, approximately 37 miles from Chicago and seven miles west of Lake Michigan. The Village is an established residential community and has traditionally served as a major market and service center for central Lake County. The population of the Village, nearly 22,000 (Census), has more than doubled since 1960 as the Village has shared in the economic growth of the Chicago metropolitan area. An ongoing effort to restore and preserve historic Libertyville contributes to the traditional home town atmosphere in the Village. While now, a basically built out community, the Village has expanded from its original borders and is currently bound roughly by Saint Mary’s Road to the east, Midlothian Road on the west, Route 137 to the north, and Hollister Drive to the south. Libertyville today is a modern community that embraces its important history.33 Realty's pleased to present for sale, as a de-conversion opportunity, 375 W Winchester, Libertyville, IL, 60048 . Built in 1969, the Offering consists of 32 Units which include a 3-story building. The 32 Units is comprised of 11 one-bedroom, one-bathroom units, 4 two-bedroom, one-bathroom units, 17 two-bedroom, one-and-a-half bathroom units This outstanding property boasts various amenities, such as a building with elevator access, its desirable location in Lake County, individual electric metering, convenient proximity to I-94, on-site coin-operated laundry facilities, and the added convenience of assigned parking. This opportunity presents a terrific opportunity to add value by bringing the consistency and efficiency of a single ownership group to the property. With a mix of rental and homeowner units, the 375 W Winchester have great potential to raise rents to market levels with renovation as units become available. This complex has mix of a majority rentals and many individual owners, creating a large range of rent prices and opportunity to raise rents.