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64-114 Westover Rd
Highwood, IL 60040
Westover Townhomes · Multifamily Property For Sale
·
30 Units
Property Facts
| No. Units | 30 | Building Size | 58,500 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1940/2014 |
| Building Class | B | Parking Ratio | 0.03/1,000 SF |
| Lot Size | 6.59 AC | ||
| Zoning | R-1 | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.59 AC |
| Building Size | 58,500 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2014 |
| Parking Ratio | 0.03/1,000 SF |
| Zoning | R-1 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Double Vanities
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Ice Maker
- Stainless Steel Appliances
- Yard
- Basement
- Dining Room
- Double Pane Windows
- Lawn
- Patio
About 64-114 WESTOVER RD , HIGHWOOD, IL 60040
ACO Commercial is pleased to offer for sale the Westover Townhomes, a landmark multifamily investment opportunity located within historic Fort Sheridan on Chicago’s North Shore. The property is comprised of thirty (30) 3 Bedroom/2.5 Bathroom townhomes situated on over seven acres of land. Originally constructed as housing for U.S. Army Officers in 1940, the property was decommissioned by the US Government and redeveloped for private use. In 2013, ownership embarked on a multi-million dollar redevelopment of the property, contemplating a generational hold of the asset. Extensive site work was performed replacing all utility infrastructure, including water, sewer, electricity, gas, and cable to each residence. Each building was carefully restored, maintaining landmark exterior facades, and private patios were added to open the units to the magnificent green space. Property interiors were reconstructed with modern layouts, improved with new plumbing, electrical and HVAC systems. The end product was well received by the market, and the property has enjoyed strong historical occupancy, and tenant retention since delivery. The property is currently 93% leased.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 30 | - | 1,950 |
Property Taxes
| Parcel Number | 16-10-401-015 | Improvements Assessment | $2,124,591 |
| Land Assessment | $372,454 | Total Assessment | $2,497,045 |
Property Taxes
