ON MARKET – MULTI-FAMILY
602-610 North Milwaukee Avenue Libertyville, IL 60048
PRICE
$2,400,000
NUMBER OF UNITS
9
CAP RATE
6.53%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 602-610 North Milwaukee Avenue, a 9 unit mixed-use apartment building in the affluent Lake County suburb of Libertyville. The Property is 100% occupied and is comprised of three (3) retail, three (3) office, and three (3) 1Bd/1Ba units. The two largest retail tenants are on NNN leases and pay their proportionate share of real estate taxes, insurance, and common area maintenance.
The one bedroom units have received a variety of updates such as newer appliances and bathroom fixtures. In addition, the Property has had a total of $144,150 worth of capital improvements completed in the last four years and is impeccably maintained by the current ownership.

LOCATION DETAILS

The Property is located in the heart of downtown Libertyville which is home to the suburbs most popular shops and restaurants. The areas heavy foot traffic paired with the Village's Metra station, located just steps away, make for a uniquely attractive location in this flourishing suburban downtown.

*NOTE: The 1st floor commercial tenants retain a 30-Day Right of First Refusal

HIGHLIGHTS
  • Phenomenal Suburban Downtown Location
  • Steps from the Libertyville Metra Station
  • 100% Occupied with Strong Commercial Tenants
  • Many Recent Capital Improvements
LISTING BROKERS
Brian Kochendorfer
Managing Director
773.305.4870
Troy Beebe
Director
773.305.4872