Value-Add 10 Unit Multi- Family Building in Waukegan
No Longer For Sale
115 South Ave.
Waukegan, IL 60085
8,735 SF
Multi-Family
The Details
- 8,735 SF multi-family building
- Eight 2-bed apartments
- Two 1-bed apartments
- Leased garage parking
- Potential to add value thru leasing
- Includes on-site laundry
- Some units recently updated
- Many long-term tenants
- Just off Sheridan Rd.
- Near Family Dollar, parks and more
- Current Income: $62,220
- Pro Forma NOI: $55,585
- Land Area: 10,644 SF
- Zoning: I-2
An 8,735 square foot multi-family building near Sheridan Rd is available for sale. The property is divided into eight 2-bed and two 1-bed apartments and there is an on-site laundry. Some of the units have been recently updated. The property has potential to add value through leasing; many of the current residents are long-term tenants. Close to Family Dollar, several parks and more, this is a convenient location in Waukegan. This is a great opportunity for an investor looking to add value.
Located on Lake Michigan 35 miles north of Chicago, Waukegan is the largest city in Lake County. The city has a revitalized downtown and is the ninth largest city in the state.