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.