2909 Willow Ln
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2909 Willow Ln
16 Unit Apartment Building $1,950,000 ($121,875/Unit) 7.04% Cap Rate Zion, IL 60099
Investment Highlights
- Newly constructed handicap ramps
- Includes an onsite laundry facilities.
- 36 parking spots available.
- Fully occupied with consistently paid rents.
Executive Summary
2909 Willow Ln is situated in Zion, a city in Lake County, Illinois,
approximately 40 miles north of Chicago. The property is located in
a suburban neighborhood known for its residential charm and
community-oriented atmosphere. Zion offers a mix of residential
homes and local amenities, with easy access to nearby parks,
schools, and shopping centers. The city’s proximity to major
highways and Lake Michigan adds to its appeal, providing residents
with convenient travel options and recreational opportunities.
2909 Willow Ln in Zion, Illinois, is located in a charming suburban neighborhood that offers a welcoming community atmosphere. About 40 miles north of Chicago, Zion features a blend of residential homes and local amenities, making it convenient for families. Residents enjoy easy access to parks, schools, and shopping centers, as well as major highways and Lake Michigan, which enhance recreational opportunities.
The area is known for its green spaces and well-kept streets, ideal for those seeking a peaceful lifestyle. Zion's diverse community and a variety of local events foster a vibrant, family-friendly environment. This location strikes a balance between suburban tranquility and accessibility to the urban conveniences of Chicago, making it an appealing place to call home.
approximately 40 miles north of Chicago. The property is located in
a suburban neighborhood known for its residential charm and
community-oriented atmosphere. Zion offers a mix of residential
homes and local amenities, with easy access to nearby parks,
schools, and shopping centers. The city’s proximity to major
highways and Lake Michigan adds to its appeal, providing residents
with convenient travel options and recreational opportunities.
2909 Willow Ln in Zion, Illinois, is located in a charming suburban neighborhood that offers a welcoming community atmosphere. About 40 miles north of Chicago, Zion features a blend of residential homes and local amenities, making it convenient for families. Residents enjoy easy access to parks, schools, and shopping centers, as well as major highways and Lake Michigan, which enhance recreational opportunities.
The area is known for its green spaces and well-kept streets, ideal for those seeking a peaceful lifestyle. Zion's diverse community and a variety of local events foster a vibrant, family-friendly environment. This location strikes a balance between suburban tranquility and accessibility to the urban conveniences of Chicago, making it an appealing place to call home.
Property Facts Under Contract
| Price | $1,950,000 | Apartment Style | Low Rise |
| Price Per Unit | $121,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.97 AC |
| Cap Rate | 7.04% | Building Size | 28,353 SF |
| Gross Rent Multiplier | 7.81 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2004 |
| Property Subtype | Apartment | Parking Ratio | 3.05/1,000 SF |
| Price | $1,950,000 |
| Price Per Unit | $121,875 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 7.81 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.97 AC |
| Building Size | 28,353 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 3.05/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Deck
- Dining Room
- Lawn
- Patio
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | - | - |
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PROPERTY TAXES
| Parcel Number | 04-17-200-024 | Improvements Assessment | $226,987 |
| Land Assessment | $43,359 | Total Assessment | $270,346 |
PROPERTY TAXES
Parcel Number
04-17-200-024
Land Assessment
$43,359
Improvements Assessment
$226,987
Total Assessment
$270,346
zoning
| Zoning Code | COMM (multi-family) |
| COMM (multi-family) |
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2909 Willow Ln
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