SOLD
Interra Realty Facilitates $11M Sale Of Westwood Apartments In Waukegan
2720-2732 Westwood Drive
MultiFamily
Sold 151 days ago
Summary
Sale
ILLINOIS
MultiFamily
The largest transaction in Waukegan in the last four years, Westwood Apartments, a 132-unit multifamily property located at 2720-2732 Westwood Drive, has been sold for $11 million.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Units: 11
- Price Per Unit: $1,000,000
Interra Realty, represented by Nathan Zito, Patrick Kennelly, and Paul Waterloo, was the broker involved in this deal. The buyer, a local private investor engaged in a 1031 exchange, plans to make improvements to the building exteriors, common areas, and unit interiors.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Nathan Zito, Paul Waterloo & Patrick Kennelly
DATE: 12/04/2023
ADDRESS: 2720-2732 Westwood Drive
MARKET: Waukegan
ASSET TYPE: Multifamily
BROKERS: Nathan Zito, Patrick Kennelly (@PJK8877) & Paul Waterloo (@PWaterloo) - Interra Realty (@InterraRealty)
SALE PRICE: $11,000,000
UNITS: 132 ~ PPU: $83,333
NOTE: Interra Realty brokered the $11 million sale of Westwood Apartments, a 132-unit multifamily property in Waukegan, a Chicago suburb—the largest transaction in Waukegan in the last four years. The local private buyer, engaged in a 1031 exchange, intends to improve building exteriors, common areas, and unit interiors.View on map
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Address2720-2732 Westwood Drive
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