McKenzie Falls, a Senior Community

For Sale

265 Lakeshore Drive, Bolingbrook, IL 60440

This Bolingbrook property for sale is located at 265 Lakeshore Drive. Contact the listing broker for details on the current sale price for McKenzie Falls, a Senior Community. McKenzie Falls, a Senior Community is situated on a lot that is 13.79 acre in size.

Contacts

broker

Cody Doran

SVN | Chicago Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 74,047 SF
  • Units 105
  • Lot Size 13.79 Acre
  • Additional Rent Contact for pricing
  • Year Built 2010
  • Date Updated Oct 26, 2024
Located immediately east of Route 53 (Bolingbrook Drive) at Briarcliff Road and Lake Shore Drive.McKenzie Falls is a 105-unit senior (62+) LIHTC property located at 265 Lake Shore Drive in Bolingbrook, IL. The property includes an expansive clubhouse for senior residents including a large kitchen and dining area, laundry facilities, and exercise room. The clubhouse also provides offices for management, a garage/storage for maintenance supplies, and an additional, spacious 2-bedroom unit for maintenance or management. The property is professionally managed and has consistently maintained a high level of occupancy. The property was constructed in 2010 via 4% Low-Income Housing Tax Credits, Tax-Exempt Bonds, HOME Funds, and private debt & equity. (32) of the units are subject to 50% AMI restrictions and (73) units are subject to 60% AMI restrictions – additionally (22) of the units are covered by a HAP agreement which was recently renewed for an additional 10-year period on July 1st, 2024, while the LURA will extend through 2042. McKenzie Falls presents an opportunity to assume the current in-place debt or place new financing on the property. McKenzie Falls is also located in a Qualified Census Tract (QCT), providing investors the option to resyndicate the asset.

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Highlights

  • Located in a QCT
  • Senior 62+ Designation
  • Professionally Managed - Ross Financial
  • 22 HAP Units - Expires July 2034
  • Below Market Rents
  • Minimal Deferred Maintenance
  • Club House
  • Ample Parking
  • Additional 2 Bedroom Unit for Maintenance/Management
  • Adjacent to Walmart
  • Sprinklered Units

Getting around

  • 71/100

    Walk Score ®

  • 58/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Bolingbrook, IL
  • Zip Code 60440
  • Market Chicago

Points of Interest

  • Lemont

    3.48 miles

  • Romeoville

    4.11 miles

  • Belmont

    7.01 miles

  • Lisle

    7.07 miles

  • Naperville

    7.21 miles

  • Downers Grove Main Street

    7.46 miles

  • Fairview Avenue

    7.80 miles

  • Westmont

    8.22 miles

  • Clarendon Hills

    9.07 miles

  • Route 59

    9.41 miles

  • Mobil

    0.52 miles

  • Shell

    0.63 miles

  • BP

    0.91 miles

  • Greater Chicago Truck Plaza

    0.94 miles

  • Speedway

    1.03 miles

  • Citgo

    1.10 miles

  • 7-Eleven

    1.24 miles

  • Volta Charging Station

    1.96 miles

  • Tesla Supercharger

    2.27 miles

  • Aurora IL-59 Supercharger

    9.03 miles

  • Pace Canterbury Park-N-Ride

    0.79 miles

  • Pace Old Chicago Park-N-Ride

    1.02 miles

  • Hobson School Parking

    4.90 miles

  • Goodrich Woods Forest Preserve Parking

    4.92 miles

  • Steak n' Shake

    5.18 miles

  • LOT A

    6.34 miles

  • LOT B

    6.39 miles

  • South Parking

    6.39 miles

  • LOT D

    6.45 miles

  • North Parking

    6.45 miles

  • Home2 Suites

    0.64 miles

  • Fairfield Inn & Suites

    0.66 miles

  • SpringHill Suites

    0.69 miles

  • Residence Inn

    0.72 miles

  • Hampton Inn & Suites

    0.79 miles

  • Hilton Garden Inn

    0.84 miles

  • Quality Inn

    0.89 miles

  • Holiday Inn & Suites

    0.98 miles

  • Ramada

    1.03 miles

  • La Quinta Inn & Suites

    1.16 miles

  • Walmart Supercenter

    0.11 miles

  • Fiesta Market

    0.35 miles

  • Tony's Fresh Market

    0.43 miles

  • ALDI

    0.58 miles

  • Day N Night Food & Liquor

    1.51 miles

  • Macy's

    2.04 miles

  • Meijer

    2.26 miles

  • Gordon Food Service

    2.69 miles

  • Kohl's

    3.00 miles

  • Marshalls

    3.04 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Cody Doran

SVN | Chicago Commercial