375 West Winchester Road

• Elevator Building
• Lake County
• Individual Electric
• Close to I-94
• Coin Laundry
• Assigned Parking
• Value Add Opportunity
• Deconversion Opportunity
• Close to Libertyville High School
• Within a half mile of the Libertyville Metra Train
• Close to Lake Minear
• Libertyville

Property Description

33 Realty's pleased to present for sale, as a de-conversion opportunity, 375 W Winchester, Libertyville, IL, 60048 . Built in 1969, the Offering consists of 32 Units which include a 3-story building. The 32 Units is comprised of 11 one-bedroom, one-bathroom units, 4 two-bedroom, one-bathroom units, 17 two-bedroom, one-and-a-half bathroom units This outstanding property boasts various amenities, such as a building with elevator access, its desirable location in Lake County, individual electric metering, convenient proximity to I-94, on-site coin-operated laundry facilities, and the added convenience of assigned parking. This opportunity presents a terrific opportunity to add value by bringing the consistency and efficiency of a single ownership group to the property. With a mix of rental and homeowner units, the 375 W Winchester have great potential to raise rents to market levels with renovation as units become available. This complex has mix of a majority rentals and many individual owners, creating a large range of rent prices and opportunity to raise rents.