Situated in the growing Waukegan neighborhood, this property enjoys a prime location approximately 45 minutes from both Downtown Chicago and Downtown Milwaukee. Just minutes away from key attractions such as the American Place project, the Genesee Theatre, and multiple retail centers, residents benefit from convenient access to employment opportunities, recreational activities, and a variety of dining options. The nearby Waukegan Metra station offers direct connectivity to Downtown Chicago’s extensive job market, while proximity to I-94, just 12 minutes away, ensures seamless access to Downtown Milwaukee and the Southeast Wisconsin employment corridor.
The area has experienced notable rent growth, with a 3.7% year-over-year increase as of Q4 2023. This trend, combined with limited new supply, positions new ownership to capitalize on the opportunity to develop standout units in a high-demand submarket.