Carriage House Apartments

Posted: 8/12/2019
136 Units
Want to add this to My Listings (or tell us why you're not interested)?
Log In or Register ...

Photos

Sold
Slideshow Image
Sold
Slideshow Image
Sold
Slideshow Image
Sold
Slideshow Image
Sold
Slideshow Image
Sold
Slideshow Image
Sold
Slideshow Image
Sold
Slideshow Image
Sold
Slideshow Image

About

About Carriage House Apartments

Located in the employment-rich Chicago suburb of Gurnee, Carriage House Apartments is a strong performing workforce housing asset with additional strategic upgrade potential to be realized by new ownership. Built in 1970, the asset consists of 136 one- and two-bedroom apartment units spread through a 17-building community on eight park-like acres. Grand Willow trees grace this suburban asset and add to its appeal. Rent growth in Northeast Lake County has averaged 3% over the past 30 months and occupancies have hovered around 95%. Combined with high barriers to entry for new construction, this asset is poised for long term growth and strong returns.