Property Overview

Interra Realty has been exclusively engaged to market the Brittany Square Apartments located at 720 Brittany Square, Grayslake, for sale. The offering consists of an 83-unit garden-style apartment community located in Grayslake, Illinois, a northern suburb of Chicago.

The property features sixty (60) one-bedroom and twenty-three (23) two-bedroom apartments. All apartments have been renovated with new vinyl plank flooring, stainless steel appliances, modern cabinetry, vanities, and lighting fixtures. Recent capital improvements include: replacement of all porches, new asphalt parking lot at entryway of property, two (2) new roofs, and concrete work where needed throughout exterior grounds. The property sits on a 4.269-acre lot with a total of 127 parking spaces. Additionally, there are a robust amount of community amenities, including an outdoor pool, outdoor grilling and lounge area, dog park, fitness room, laundry facilities, and a management and leasing office on-site.

The property is being offered for sale with an assumable, non-recourse loan, which is fixed at 3.69% maturing on 6/1/2028, offering investors the opportunity to assume a below-market interest rate and acquire a professionally managed asset within a stable and desirable Lake County suburban location.

Prospective purchasers are on notice that Interra Realty LLC is not acting nor shall it be deemed to be acting as agent for any prospective purchaser. All parties should seek independent legal counsel and undertake financial or other analysis in determining the suitability of the Property for their intended purpose.


  • Suburban Lake County Apartment Community Offering Immediate Scale
  • 100% of Units Renovated
  • Recent Average of 8.7% Increase on Lease Trade-Outs
  • Professionally Managed Property with Community Amenities
  • Over 1:1 Parking (127 Spaces)
  • Significant Capex Recently Completed
  • Attractive Assumable Loan: ~8,500,000, 3.69% Rate Maturing 6/1/2028

Key Details

Sale Price
Number of Buildings
Six (6)
Number of Units
Eighty-Three (83)
Lake County