Illinois / Waukegan / 60087 / 3305 Sunset Avenue

3305 Sunset Avenue

Q: What is the asking price for 3305 Sunset Avenue in Waukegan?

The asking price for 3305 Sunset Avenue is $4,425,000

Q: What is the building size of this Multifamily property in Waukegan, IL?

The size of the building/unit at 3305 Sunset Avenue in Waukegan is 34,900 square feet.

Q: What is the population within 1 mile of 3305 Sunset Avenue?

The population within 1 mile of 3305 Sunset Avenue Waukegan, IL 60087 is 6,966 people.

Q: Who do I contact for questions about 3305 Sunset Avenue?

You should contact the listing agent, Danny Mantis, for any details regarding this commercial listing.

Waukegan, IL 60087

Onan Senior Suites

Listing ID: 279831

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Building Size: 34,900 SF

Lot Size: --

Land Size: --

Building $/SF: $126.79

Land $/SF:

Price

$4,425,000

Property Highlights

Sale includes 63 Parcels out of 104 Units 60 of Total Units

1995 Construction

Rental Management Upside

Opportunity for Cash Flow or Future Deconversion Sale

Description

Kiser Group is pleased to offer Onan Senior Suites exclusively for sale. The property is an age restricted community located at 3305 W Sunset Ave, Waukegan, IL in Lake County. The seller developed the property in about 1995 and still owns 59 of the 104 units, however because units have been combined there are 63 PIN's associated with this transaction. This is NOT a condo deconversion deal; The only units for sale are the 63 parcels/59 units owned by the seller, which account for approximately 60% of the association.
The 59 units are currently rented to tenants. At this pricing, it represents an in place cap rate of 6.1%. The buyer of this property has the opportunity to come in and acquire the remaining units to own 100% of the property and/or acquire the property and do a deconversion sale under section 15.
Amenities include heated underground parking, indoor swimming pool, elevator, fitness center, community room storage room, and more.

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Chicago History of Multifamily Housing for Sale

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Month	Payment	Principal	Interest	Total Interest	Balance
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Listing Demographics for 3305 Sunset Avenue Waukegan, IL 60087

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		6,966	88,132	166,892
Population Median Age		38	35	35
Population by Age	0-9 Yrs	763 (10%)	12454 (14%)	24386 (14%)
	10-19 Yrs	1149 (16%)	14193 (16%)	25542 (15%)
	20-29 Yrs	756 (10%)	13185 (14%)	25732 (15%)
	30-39 Yrs	750 (10%)	12116 (13%)	21820 (13%)
	40-49 Yrs	1275 (18%)	12219 (13%)	22102 (13%)
	50-59 Yrs	929 (13%)	10368 (11%)	20746 (12%)
	60-69 Yrs	782 (11%)	7802 (8%)	15304 (9%)
	70+ Yrs	562 (8%)	5794 (6%)	11261 (6%)

Median HH Income		$54,786	$57,225	$56,050
Total Household Income	< 24K	349 (14%)	5294 (17%)	12076 (20%)
	25-49K	723 (30%)	7735 (25%)	14063 (24%)
	50-74K	453 (18%)	6774 (22%)	10958 (18%)
	75-99K	286 (11%)	3547 (11%)	6935 (12%)
	100-199K	532 (22%)	5967 (19%)	11265 (19%)
	200K+	43 (1%)	868 (2%)	2443 (4%)

Highest Education Level	No Diploma	1156	11017	20737
	Diploma or GED	1460	17328	30941
	Some College	892	11296	21581
	Assoc. Degree	313	3934	6567
	Bachelors Degree	550	6966	15067
	Higher Degree	247	3702	8031

Total Housing Units		2,509	32,122	62,323
--Owner-Occupied		1,769	16,476	30,814
--Renter-Occupied		617	13,710	26,925
Owner-Occupied Values	< 100K	287	3923	7730
	100-199K	1089	8368	13740
	200-299K	365	2860	5488
	300-399K	3	940	2311
	400-499K	8	117	624
	500K+	17	269	921

Total Working Age Population		5,452	67,200	127,026
In Work Force		3,693	48,176	87,771
Not In Work Force		1,759	19,024	39,255
Workforce Employed		3,482	44,407	80,544
Workforce Unemployed		211	3,333	6,543
Civlian Workforce		3,693	47,740	87,087
Military Workforce		0	436	684

Total Households		2,385	30,186	57,739
Family Households		1,748	20,898	39,332
Non-Family Households		638	9,288	18,407
Married Couple		1,227	14,264	26,147
Other Family		520	6,634	13,186
Married w/Child		558	6,903	12,573
Single Male w/Child		37	1,135	1,921
Single Female w/Child		205	2,829	6,091

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Lake County	644,356	+9	703,462	+17	820,250	+6	873,024

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 3305 Sunset Avenue in Waukegan?

The asking price for 3305 Sunset Avenue is $4,425,000

What is the building size of this Multifamily property in Waukegan, IL?

The size of the building/unit at 3305 Sunset Avenue in Waukegan is 34,900 square feet

What is the population within 1 mile of 3305 Sunset Avenue in Waukegan?

The population within 1 mile of 3305 Sunset Avenue Waukegan, IL 60087 is 6,966 people.

Who do I contact for questions about 3305 Sunset Avenue?

You should contact the listing agent, Danny Mantis, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Chicago O'Hare International Airport (ORD)	29
General Mitchell International Airport (MKE)	38
Chicago Midway International Airport (MDW)	42