Multifamily N Illinois

Inland Real Estate completes off-market sale of Gurnee multifamily property

Inland Real Estate completes off-market sale of Gurnee multifamily property,ph1

Inland Real Estate Commercial Brokerage, Inc. announced the sale and closing of Deer Creek Condominiums, a 58-unit residential property located in Gurnee, Illinois, a northern suburb of Chicago. Deer Creek Venture Corporation and Condo Opportunities Corporation, wholly owned subsidiaries of the Inland National Development Company, LLC, sold the property to a private investment group.

Paul Montes and Eric Spiess, senior vice presidents of Inland Commercial Brokerage, facilitated the transaction on behalf of the sellers. “We were pleased to successfully facilitate this transaction consisting of a high quality, off-market multifamily property in a desirable Chicago suburb with a buyer that we have an existing relationship with,” said Montes.

Located at 1600-1800 Wedgewood Drive in Gurnee, Deer Creek Condominiums consists of one- and two-bedroom units and provides a variety of community amenities including a clubhouse with a fitness center, an outdoor pool, tennis courts, a large sports field and nearby walking and biking trails. This property location provides its residents with easy highway access and is conveniently situated near various retail destinations, the Greenbelt Cultural Center, Lake Carina Forest Preserve and the College of Lake County Lakeshore Campus.