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1401 N Western Ave 9 Unit Apartment Building $10,469,400 CAD ($1,163,267 CAD/Unit) 6.20% 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
| Price | $10,469,400 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,163,267 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.20% | Building Size | 12,555 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $10,469,400 CAD |
| Price Per Unit | $1,163,267 CAD |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.33 AC |
| Building Size | 12,555 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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PROPERTY TAXES
| Parcel Number | 12-28-102-013 | Improvements Assessment | $203,649 CAD |
| Land Assessment | $210,535 CAD | Total Assessment | $414,185 CAD |
PROPERTY TAXES
Parcel Number
12-28-102-013
Land Assessment
$210,535 CAD
Improvements Assessment
$203,649 CAD
Total Assessment
$414,185 CAD
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1401 N Western Ave
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