1-100 N Macgillis Dr - Apartments FOR SALE


Round Lake, IL 60073
$59,500,000 USD
773-245-0587
1-100 N Macgillis Dr, Round Lake, IL for Sale
$59,500,000 USD
Apartments - FOR SALE
1/19
null | 6% Cap Rate

1-100 N Macgillis Dr
Round Lake, IL 60073


HIGHLIGHTS

  • Community is Nestled into the Forest
  • Adjacent to Bright Meadows Park & Nippersink Forest Preserve
  • Replaced 13 Ground Decks in April 2020
  • New Gutter Guards Throughout the Subdivision
  • Playground On-Site
  • All Units Include Balconies and/or Patios

OVERVIEW

33 Realty is pleased to present for sale, as a de-conversion opportunity, Treehouse in the Wood Condominium located in Round Lake, IL. Tucked away in the forest, the property spans 27.5 acres and offers approximately 329,096 square feet of space. Built in 1996, the property consists of 8 two-bedroom, one-bathroom condos, 20 two-bedroom, one-and-a-half bathroom condos, 16 two-bedroom, two-bathroom condos, 37 three-bedroom, one-and-a-half bathroom townhomes, 46 three-bedroom, two-bathroom townhomes, and 93 three-bedroom, two-and-a-half bathroom townhomes. Amenities include attached garage parking, balconies, playground, in-unit washer/dryer hookups, private storage, and a short drive to the Round Lake Metra stop. Treehouse in the Wood Condominium presents an excellent opportunity to add value by bringing the consistency and efficiency of a single ownership group to the property. In a highly desirable location, Treehouse in the Wood Condominium has great potential to raise rents to market levels as units become available.

FOR SALE DETAILS

PRICE

$59,500,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

220

PRICE/UNIT

$270,455

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.39 AC

LAND SF

757,699 SF

ZONING

-

APN/PARCEL ID

06-29-400-077,06-29-400-169,06-29-400-192

ASK ABOUT THIS PROPERTY

Sean Connelly33 RealtyMore Info
773-245-0587

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Sean Connelly33 RealtyMore Info
773-245-0587

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.