601-05 N Milwaukee AVE Libertyville, IL 60048

Looking to add Boardwalk or Park Place to your portfolio in the new year? Look no further than this Class A mixed use property downtown Libertyville, Illinois. This four tenant property is located in the very popular north suburb of Chicago in Libertyville. The building is located in the heart of award winning Mainstreet district. It houses Libertyville's hottest restaurant, Milwalky Taco, with a new 10 year lease with three five year options beginning August 1, 2021. The building went thru a complete rehab in 1998 including a full fire sprinkler and fire alarm system. Roof is 8 years old and is maintained annually. Masonry was tuck pointed in 2020. Five rooftop HVAC's installed in 2019 and three in 2020. The three one bedroom apartments each have W/D, stove, refrigerator, microwave, disposal, dishwasher and new floors. Two of the units have new kitchens. Two of the apartments have 12 months leases and the third has an 18 month. The restaurant has invested over $750,000 into the building over the last 5 years, including $200,000 in 2021. This property is in excellent condition and ready to be added as a turn-key investment for any investor.