CLOSED – MULTI-FAMILY
2040 North Pine Street Waukegan, IL 60087
PRICE
Call for details
NUMBER OF UNITS
18
PROPERTY LISTED

Essex Realty Group, Inc. was exclusively engaged to market for sale 2040 N. Pine St. in the Chicago suburb of Waukegan. Essex conducted multiple property tours and secured a buyer after just 26 days on the market.

LOCATION DETAILS

The unit mix consists of six (6) 1Bd/1Ba and twelve (12) 2Bd/1Ba units. All 18 units have received various recent updates including new flooring, cabinets, and appliances. 2040 N. Pine St. presents an investor with the opportunity to acquire a well-kept building in the high-demand rental market of Waukegan; moreover, current rents could potentially be increased an average of 10% as-is, further increasing their return.

Located just three miles from Lake Michigan, the Property is surrounded by the numerous lakefront amenities Waukegan has to offer. These include the Illinois Beach Nature Preserve, Waukegan Municipal Beach, and the Waukegan Harbor and Marina. The Property is also three miles from the city's Metra station making it an ideal location for those commuting to Chicago and nearby communities.

HIGHLIGHTS
  • Well-Kept Building in High-Demand Rental Market of Waukegan
  • Strong Unit Mix, Six (6) 1Bd/1Ba and Twelve (12) 2Bd/1Ba
  • All 18 Units Recently Updated
  • Close Proximity to Lakefront and City's Metra Station
LISTING BROKERS
Brian Kochendorfer
Managing Broker
773.305.4870
Brian Karmowski
Director
773.305.4892