Lakeview Residences
97 Unit Apartment Building | For Sale | Aurora, IL 60505
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 78,562 SF
Listing Contacts
Justin Ross
Verified Profile
- Property Info
Property Overview
CBRE, Inc. has been retained as exclusive advisor and agent to sell Lakeview Residences, (the “Subject,” the “Property”), a Strong Value-Add Opportunity. 25% of apartments are fully renovated, with proven post-renovation rents. Buyers have the option of assuming a Very Low Interest Rate agency loan with 6 years remaining. Every apartment has panoramic views overlooking a large lake and 300-acre park with countless lifestyle amenities, listed below.
The property is fully occupied. The views, lake, park, and amenities provide a strong attraction for residents.
Lakeview Residences is comprised of 97 units with an attractive mix of Studio, 1 BR and 2 BR apartments. It is located between Naperville and Aurora, in Illinois, approximately 40 miles west of Chicago. It is located within the area of Chicago’s most dynamic and fastest growing suburban market.
Lakeview presents investors with the opportunity to acquire a stabilized, partially renovated asset with substantial and de-risked upside and low interest rate financing in place
The property is fully occupied. The views, lake, park, and amenities provide a strong attraction for residents.
Lakeview Residences is comprised of 97 units with an attractive mix of Studio, 1 BR and 2 BR apartments. It is located between Naperville and Aurora, in Illinois, approximately 40 miles west of Chicago. It is located within the area of Chicago’s most dynamic and fastest growing suburban market.
Lakeview presents investors with the opportunity to acquire a stabilized, partially renovated asset with substantial and de-risked upside and low interest rate financing in place
Property Details
- Class
- B
- Year Built
- 1974
- Stories
- 11
- Lot Size (sq. ft)
- 108,900 SF
- Units
- 97
Highlights
- Tremendous Value-Add Opportunity: 25% of apartments renovated with proven upside in rents
- Property Surrounded on 3 Sides by a 300 Acre Park with large lakes, sand kayak launch, golf course, tennis courts, pool amenities, and more
- Minutes from suburban city centers, including Naperville
Nearby Properties
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