For Sale $5,200,000
Property Type Multi-Family
Property Size 3,100 SF
Units 32
Date Updated Mar 25, 2024

The Village of Libertyville is located in south central Lake County, approximately 37 miles from Chicago and seven miles west of Lake Michigan. The Village is an established residential community and has traditionally served as a major market and service center for central Lake County. The population of the Village, nearly 22,000 (Census), has more than doubled since 1960 as the Village has shared in the economic growth of the Chicago metropolitan area. An ongoing effort to restore and preserve historic Libertyville contributes to the traditional home town atmosphere in the Village. While now, a basically built out community, the Village has expanded from its original borders and is currently bound roughly by Saint Mary’s Road to the east, Midlothian Road on the west, Route 137 to the north, and Hollister Drive to the south. Libertyville today is a modern community that embraces its important history.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.

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Highlights

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

Contacts

Matthew Petersen

33 Realty

(269) 873-6101

Location

Getting Around

Walk Score ®
58/100 Somewhat Walkable
Bike Score ®
61/100 Bikeable

City Libertyville, IL
Zip Code 60048
Market Chicago

Points of Interest

Libertyville Metra Station

0.25 miles
Libertyville

0.26 miles
Mundelein

2.71 miles
Prairie Crossing

3.39 miles
Prairie Crossing

3.41 miles
Taxi Stand

5.03 miles
Grayslake

5.03 miles
County Fair Station

5.17 miles
Scenic Railway (Hometown Station)

5.33 miles
Hometown Square Station

5.34 miles

Shell

0.36 miles
BP

0.80 miles
BP

0.84 miles
Shell

0.85 miles
Mobil

1.17 miles
Shell

1.22 miles
Mobil

1.50 miles
BP

2.91 miles
Shell

2.96 miles
Marathon

3.27 miles

Libertyville Metra Rail Station Parking

0.25 miles
Butler Lake Parking

0.38 miles
Village Parking Lot

0.39 miles
Butler Lake Parking

0.44 miles
Adler Park Pool

0.54 miles
Libertyville High School Tennis Courts parking lot

0.62 miles
Adler Park

0.65 miles
Adler Park School

0.66 miles
Libertyville High School Main Parking Lot

0.69 miles
Libertyville High School Back Parking Lot

0.73 miles

Holiday Inn Express

0.78 miles
Days Inn Libertyville

0.89 miles
Sonesta Simply Suites Chicago Libertyville

2.24 miles
Hampton Inn & Suites Chicago-Libertyville

2.36 miles
Holiday Inn Express

3.58 miles
Courtyard

3.82 miles
Hotel Indigo Chicago-Vernon Hills

4.21 miles
Super 8 by Wyndham Mundelein/Libertyville Area

4.23 miles
Doubletree Mundelein

4.30 miles
Baymont Inn & Suites by Wyndham Mundelein near Vernon Hills

4.37 miles

Jimmy John's

0.22 miles
Taco Bell

0.27 miles
Pizza Hut

0.27 miles
McDonald's

0.31 miles
Casa Bonita

0.40 miles
The Green Room

0.41 miles
Milwalky Trace

0.43 miles
Chrissoulas

0.44 miles
Clucker's Charcoal Chicken

0.46 miles
Duck Donuts

0.47 miles

Central School

0.55 miles
LIbertyville High School

0.70 miles
LIbertyville High School Brainerd Athletic Field

0.72 miles
Libertyville High School

0.75 miles
Saint Joseph Parish School

0.77 miles
Butterfield Elementary School

1.18 miles
Copeland Manor Elementary School

1.60 miles
The Children's House Montessori School

1.70 miles
Carmel High School

2.06 miles
University of Saint Mary of the Lake

2.12 miles

Alta Vista Montessori School

1.78 miles
Kindercare

4.50 miles
Dearhaven Child Care and Learning Center

5.43 miles
Woodview Kindergarten

6.15 miles
The Goddard School of Hawthorn Woods (Lake Zurich)

7.45 miles
KinderCare

7.54 miles
La Petite Academy

8.77 miles

Frequently Asked Questions

What is the lease rate for 375 West Winchester Road?

Rental asking rate at 375 West Winchester Road is $2,600,000.00/YR.

What is the total square footage of 375 West Winchester Road?

375 West Winchester Road totals 3,100 square feet.

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Contact Listing Broker

Matthew Petersen

33 Realty

(269) 873-6101

Map of Property

375 West Winchester Road