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1401 N Western Ave 9 Unit Apartment Building $9,458,451 CAD ($1,050,939 CAD/Unit) 6.58% 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 Under Contract
| Price | $9,458,451 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,050,939 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.58% | Building Size | 12,548 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $9,458,451 CAD |
| Price Per Unit | $1,050,939 CAD |
| Sale Type | Investment |
| Cap Rate | 6.58% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 12,548 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
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-28-102-013 | Improvements Assessment | $197,341 CAD |
| Land Assessment | $204,013 CAD | Total Assessment | $401,354 CAD |
Property Taxes
Parcel Number
12-28-102-013
Land Assessment
$204,013 CAD
Improvements Assessment
$197,341 CAD
Total Assessment
$401,354 CAD
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1401 N Western Ave
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