12787 W Pacific Avenue

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12787 W Pacific Avenue

Waukegan, IL 60085
Asking Price
Contact for price
Asset Type
Single Family Rental Portfolio Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site encompassing 0.94 acres of land.
  • Located on West Pacific Avenue in Waukegan, Illinois.
  • Property is designated for single-family rental portfolio development.
  • Situated within the accessible Chicago metropolitan submarket.
  • Well-suited for developers expanding regional residential inventory.

What's Special

This 0.94-acre parcel of land in Waukegan, Illinois, presents an opportunity for development within a growing suburban market. Positioned along West Pacific Avenue, the site is situated in a region characterized by its access to regional transportation corridors and a steady local labor force. Waukegan serves as a significant hub in the northern Chicago metropolitan area, balancing industrial activity with residential growth. Given the classification as a single-family rental portfolio site, the property is suited for developers looking to expand housing inventory in a high-demand submarket. The scale of the lot allows for a variety of residential configurations that cater to current market needs for rental housing. Investors will find the location well-positioned to leverage the ongoing economic development and workforce stability typical of Lake County.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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