Log In/Sign Up
Your email has been sent.
1401 N Western Ave 9 Unit Apartment Building $7,500,000 ($833,333/Unit) 6.20% Cap Rate Lake Forest, IL 60045
INVESTMENT HIGHLIGHTS
- 2024 Luxury Home Quality Construction
- Short Walk to Lake Forest Town Center
- All large units with patios
EXECUTIVE SUMMARY
1401 N. Western in Lake Forest, IL presents investors the opportunity to acquire a stabilized, turn key multifamily asset in the Lake Forest neighborhood. This building is still owned and managed by the original builder and has been meticulously maintained. Built in 2024, this property features open floor plans with high ceilings, exposed brick and beams, upscale kitchens with Bertazzoni appliances, in-unit laundry, and modern finishes. Residents enjoy two outdoor parking spaces per unit and is mere blocks away from downtown Lake Forest.
PROPERTY FACTS
| Price | $7,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $833,333 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.20% | Building Size | 12,555 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $7,500,000 |
| Price Per Unit | $833,333 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.33 AC |
| Building Size | 12,555 SF |
| No. Stories | 3 |
| Year Built | 2024 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Crown Molding
- Carpet
- Coffee System
SITE AMENITIES
- 24 Hour Access
- Waterfront
- Wheelchair Accessible
- Wi-Fi
- Community-Wide WiFi
1 1
PROPERTY TAXES
| Parcel Number | 12-28-102-013 | Improvements Assessment | $144,294 |
| Land Assessment | $149,173 | Total Assessment | $293,467 |
PROPERTY TAXES
Parcel Number
12-28-102-013
Land Assessment
$149,173
Improvements Assessment
$144,294
Total Assessment
$293,467
1 of 25
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1401 N Western Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.