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Multifamily

402-406 S Lewis Ave

402-406 S Lewis Ave, Waukegan, IL 60085

Listing Price: $475,000

Cap Rate
7.71%
Number of Units
8
Price/Unit
$59,375
Price/Gross SF
$31.42
Gross SF
15,116

Investment Overview

Marcus & Millichap is pleased to present this eight-unit mixed-use property, built in 1968 and renovated in 2005, located at 402-406 Lewis Street in Waukegan, Illinois. The building is comprised of four studio / one-bathroom units and two studio / one-bathroom large units, measuring, on average, 526 and 609 square feet, respectively. The building also includes two retail units measuring, on average, 5,897 square feet. The property features ample off-street parking and a newer roof. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Investment Highlights

  • Desirable Unit Mix (Four Studio / One-Bathroom, Two Studio / One-Bathroom Large and Two Retail Units)
  • Ample Off-Street Parking
  • Newer Roof
  • Easy Access to Route 131 and Route 137
  • Two Miles to Waukegan Metra Station
  • Walking Distance to Lewis Avenue and Lloyd Avenue PACE Bus Stop
  • Close Proximity to Retail and Dining Options
  • Surrounded by Numerous Schools and Recreational Parks

Exclusively Listed By

Multifamily

402-406 S Lewis Ave

Listing Price: $475,000

Cap Rate
7.71%
Number of Units
8
Price/Unit
$59,375
Price/Gross SF
$31.42
Gross SF
15,116

Investment Highlights

  • Desirable Unit Mix (Four Studio / One-Bathroom, Two Studio / One-Bathroom Large and Two Retail Units)
  • Ample Off-Street Parking
  • Newer Roof
  • Easy Access to Route 131 and Route 137
  • Two Miles to Waukegan Metra Station
  • Walking Distance to Lewis Avenue and Lloyd Avenue PACE Bus Stop
  • Close Proximity to Retail and Dining Options
  • Surrounded by Numerous Schools and Recreational Parks

Investment Overview

Marcus & Millichap is pleased to present this eight-unit mixed-use property, built in 1968 and renovated in 2005, located at 402-406 Lewis Street in Waukegan, Illinois. The building is comprised of four studio / one-bathroom units and two studio / one-bathroom large units, measuring, on average, 526 and 609 square feet, respectively. The building also includes two retail units measuring, on average, 5,897 square feet. The property features ample off-street parking and a newer roof. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Exclusively Listed By

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