Interra Realty has been exclusively engaged to market the Sunset Village Apartments located at 2205-10 North Butrick Street in Waukegan, Illinois. The investment opportunity consists of an eighty-four (84) unit newer vintage apartment community located in Waukegan, a northern suburb of Chicago.
The unit mix consists of seventy-nine (79) 1 bed / 1 bath units and five (3) 2 bed / 1 bath, and (2) 2 bed / 2 bath units. There are a variety of floor plans with forty-seven (47) of the units having private balconies. The building has three (3) laundry rooms with operator-owned laundry machines. Parking options
include forty-four (44) underground garage spaces, sixteen (16) exterior garages, and fifty-three (53) surface spaces. Additionally, the property offers tenants a secured entrance, comfortable lobby and lounge, a fitness space, and elevator access.
Current ownership is the original developer of the property, which was built in two phases in 1992 (26 units) and 2001 (58 units). The investment offers investors the rare opportunity to acquire a newer construction asset with immediate rental upside and scale in the desirable Lake County.
- Newer Construction Property Built in Two Phases (1992 & 2001)
- Immediate Scale in Suburban Lake County
- Tenant Paid Heat & A/C
- Below Market Rents with Immediate Upside As-Is
- Garage, Surface, Underground Parking
- Elevator & Secure Access Building