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Multifamily

Lincoln Woods Apartments

510 Lincoln Ave, Ingleside, IL 60041

Listing Price: $7,540,000

Cap Rate
6.20%
Number of Units
58
GRM
9.13
Price/Unit
$130,000
Price/Gross SF
$173.53
Gross SF
43,450

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Lincoln Woods Apartments, a 58-unit multifamily community in Ingleside, Illinois. This investment offers an investor the opportunity to acquire a well-maintained asset in a desirable Lake County location with the ability to raise rents as-is and further increase rents through renovation of the remaining units.

Investment Highlights

  • Approximately 50 Percent of Units have been Renovated
  • Desirable Lake County Location
  • Public Transportation at Ingleside Metra Station Less Than One Mile South
  • Footsteps from Veteran's Park, which features Baseball Diamonds, Two Pavilions, a Skatepark and a Playground
  • Average Household Income within One Mile is $101,703

Exclusively Listed By

Multifamily

Lincoln Woods Apartments

Listing Price: $7,540,000

Cap Rate
6.20%
Number of Units
58
GRM
9.13
Price/Unit
$130,000
Price/Gross SF
$173.53
Gross SF
43,450

Investment Highlights

  • Approximately 50 Percent of Units have been Renovated
  • Desirable Lake County Location
  • Public Transportation at Ingleside Metra Station Less Than One Mile South
  • Footsteps from Veteran's Park, which features Baseball Diamonds, Two Pavilions, a Skatepark and a Playground
  • Average Household Income within One Mile is $101,703

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Lincoln Woods Apartments, a 58-unit multifamily community in Ingleside, Illinois. This investment offers an investor the opportunity to acquire a well-maintained asset in a desirable Lake County location with the ability to raise rents as-is and further increase rents through renovation of the remaining units.

Exclusively Listed By

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