2803-43 Galilee Avenue

Property Overview

Interra Realty has been exclusively engaged to market a 5-building multifamily opportunity located at 2803-2849 Galilee Avenue in Zion, Illinois. The offering consists of twenty (20) townhome-style units spread across five (5) buildings, a developable lot in-between the buildings, and over 1:1 parking.

The unit mix consists of twenty (20) 3 bed / 1.5 bath spacious townhome style apartments. The units have 2-stories and an unfinished basement. The units are heated via electric baseboard heat and cooled through individual window A/C units. Each unit has laundry hookups in the basement and an individual hot water tank. Capital improvements at the buildings consist of a full window replacement, upgrading electric to 200 AMPS in about 1/2 of the units, replacing all exterior doors and 18 of 20 units have upgraded kitchens and bathrooms.

Current rent levels are on average 24% that of market rents on comparable properties in the area. Ownership is in the process of renewing leases with rental increases, with the majority set to take effect July 1st. A qualified investor has an opportunity to acquire a cash-flowing asset with immediate revenue increases forthcoming.


  • Spacious Townhome Style Units with Tenant Paid Heat
  • Below Market Rents with Renewal Increases in Process
  • 5 Building Offering
  • Developable Lot In-Between Buildings
  • Over 1:1 Parking
  • Lake County Multifamily Investment Opportunity

Key Details

NUmber of Units
Twenty (20)
Number of Buildings
Five (5)