1-100 Macgillis Dr, 1-345 Treehouse Ln, 241-333 W Whispering Oaks

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Address: 1 N Macgillis Dr 241 333 w, Round Lake, IL 60073, USA
Chicago & Midwest + Apartment Buildings
Created date: December 2, 2025
Date last updated: July 13, 2026
Price: $59,500,000Investment Analyzer NEW!
  • Community is Nestled into the Forest
  • Numerous Units Have Vaulted Ceilings
  • In-Unit Laundry
  • Attached Garages
  • Ability to Add a Bedroom to 216 Units
  • Roughly 50% Rentals
  • Playground On-Site
  • All Units Include Balconies and/or Patios
  • Plenty of Storage Space
  • Close Drive to Round Lake Metra Stop
  • Potential to Raise Rents to Market Levels
  • Opportunity for Single Ownership to Improve Efficiency
  • Lake County
  • Deconversion Opportunity
  • Add Value Opportunity
  • Townhome Product
  • Adjacent to Bright Meadows Park & Nippersink Forest Preserve
  • Partially Finished Basements in Many Units
  • Roof replacement between 2018-2020
  • New Mailboxes Installed
  • Rubber Walking Paths Added Through the Complex
  • (2) 2 h/p Pumps for Both Lift Stations
  • Retaining Wall Installed at 81 MacGillis
  • Replaced 13 Ground Decks in April 2020
  • New Gutter Guards Throughout the Subdivision

Property Description

33 Realty is pleased to present for sale, as a de-conversion opportunity, Treehouse in the Wood Condominium located in Round Lake, IL. Tucked away in the forest, the property spans 27.5 acres and offers approximately 329,096 square feet of space. Built in 1996, the property consists of 8 two-bedroom, one-bathroom condos, 20 two-bedroom, one-and-a-half bathroom condos, 16 two-bedroom, two-bathroom condos, 37 three-bedroom, one-and-a-half bathroom townhomes, 46 three-bedroom, two-bathroom townhomes, and 93 three-bedroom, two-and-a-half bathroom townhomes. Amenities include attached garage parking, balconies, playground, in-unit washer/dryer hookups, private storage, and a short drive to the Round Lake Metra stop. Treehouse in the Wood Condominium presents an excellent opportunity to add value by bringing the consistency and efficiency of a single ownership group to the property. In a highly desirable location, Treehouse in the Wood Condominium has great potential to raise rents to market levels as units become available.
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Broker Details

Matthew Petersen
Matthew Petersen

33 Realty 269-873-6101 MLS ID: 888999

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 220
Opportunity Zone: No
Property Website Click Here
Address: 1-100 Macgillis Dr, 1-345 Treehouse Ln, 241-333 W Whispering Oaks, Round Lake, IL 60073, USA
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