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235 Unit Apartment Complex
Timber Oaks Apartments — Lake County, IL
$24,500,000
6.9% CAP RATE
Property Features
Assumable 4.38% financing
Located in Lake County, IL –
24.1% population growth since 2000
Current Occupancy is 95%
Clubhouse building includes indoor pool, spa, fitness center, and community room
Complex overlooks two acre fishing lake with fountain, walking paths, gazebo, and picnic area
Parking includes 63 garage spaces and 270 uncovered spaces
Tenant pays utilities
235 Units. Completed in 1981. Fully Renovated in 1998. 14.59 Acres. Gross Bldg Area: 246,510 SF.
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Leon C. Athas
Senior Vice President
Real Estate Services Group
312-795-2594
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