Marcus & Millichap is pleased to present a 12-unit apartment property located at 608-612 Sheridan Road in Winthrop Harbor, Illinois. Winthrop Harbor is a village in Lake County and is located approximately 50 miles northwest of the downtown Chicago Loop. The area provides convenient access to Route 137 and Interstate 94. The Winthrop Harbor Metra station is located approximately five blocks east of the property. Additionally, O'Hare International Airport is approximately 45 miles southwest of the subject property.
The subject property consists of two six-unit buildings. The unit mix is comprised of two one-bedroom / one-bathroom garden units, two two-bedroom / one-bathroom garden units, and eight two-bedroom / one-bathroom units measuring approximately 500, 725, and 725 square feet, respectively. The property features ample off-street parking and an on-site laundry facility.
The property is positioned less than one mile from North Dunes Nature Preserve and Lake Michigan. Winthrop Harbor is stated to be the largest inland marina in the United States, becoming a destination for boating, sports fishing, and local fairs during the summer months. The Winthrop Harbor village expects to have significant investments for the area due to new rezoning along Sheridan Road and tax increment financing districts in place. This investment offers the opportunity for an investor to acquire a well-maintained asset in a prime Winthrop Harbor location.
