1401 N Western Ave - Apartments FOR SALE


Lake Forest, IL 60045
$7,500,000 USD
773-919-1297
1401 N Western Ave, Lake Forest, IL for Sale
$7,500,000 USD
Apartments - FOR SALE
1/24
null | 6.2% Cap Rate

1401 N Western Ave
Lake Forest, IL 60045


HIGHLIGHTS

  • 2024 Luxury Home Quality Construction
  • All large units with patios
  • Short Walk to Lake Forest Town Center

OVERVIEW

1401 N. Western in Lake Forest, IL presents investors the opportunity to acquire a stabilized, turn key multifamily asset in the Lake Forest neighborhood. This building is still owned and managed by the original builder and has been meticulously maintained. Built in 2024, this property features open floor plans with high ceilings, exposed brick and beams, upscale kitchens with Bertazzoni appliances, in-unit laundry, and modern finishes. Residents enjoy two outdoor parking spaces per unit and is mere blocks away from downtown Lake Forest.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$598 USD /SF

# OF UNITS

9

PRICE/UNIT

$833,333

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

12-28-102-013

ASK ABOUT THIS PROPERTY

Lee KiserKiser GroupMore Info
773-919-1297

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Lee KiserKiser GroupMore Info
773-919-1297

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