Essex Realty Group is pleased to announce the sale of 2058 Linden Avenue, a six-unit (6) apartment building located in the Lake County suburb of Waukegan. After multiple tours and offers, the Property went under contract after two weeks on the market and closed approximately eight weeks later.
The building’s unit mix consists of two (2) 1Bd/1Ba and (4) 2Bd/1Ba. Two (2) of the 2Bd/1Ba units have larger floor plans totaling 950 SF due to the building’s ‘L’ shape. Since acquiring the Property, ownership had replaced many of the building’s mechanicals within the last 10 years such as the unit’s individual furnaces and hot water tanks.
2058 Linden Avenue is conveniently located off of Golf Road providing tenants easy access to nearby shops and restaurants. In addition, the Property is a short drive to Waukegan’s lakefront beaches and parks such as the Illinois Beach Nature Preserve.
Essex Realty Group has been exclusively engaged to market for sale 2058 Linden Avenue, a six-unit (6) apartment building located in the Lake County suburb of Waukegan. The building’s unit mix consists of two (2) 1Bd/1Ba and (4) 2Bd/1Ba. Two (2) of the 2Bd/1Ba units have larger floor plans totaling 950 SF due to the building’s ‘L’ shape.
Since acquiring the Property, current ownership has replaced many of the building’s mechanicals within the last 10 years such as the unit’s individual furnaces and hot water tanks. Although each unit is separately metered for heat, water, and sewer these utilities are currently paid by ownership. A new investor could lower expenses by transferring responsibility for these utilities to the tenants.
2058 Linden Avenue is conveniently located off of Golf Road providing tenants easy access to nearby shops and restaurants. In addition, the Property is a short drive to Waukegan’s lakefront beaches and parks such as the Illinois Beach Nature Preserve.
- Large 2Bd Units, Approximately 950 SF Due to the Building's Unique 'L' Shape
- Separately Metered Utilities, Including Water and Sewer
- Convenient Location, Easy Access to Many Waukegan Amenities
- Below Market Rents