McKenzie Falls, a Senior Community

265 Lakeshore Drive, Bolingbrook, IL 60440

  • For Sale Subject To Offer
  • 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

Contacts

broker

Cody Doran

SVN | Chicago Commercial

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Bolingbrook, IL
  • Neighborhood Bolingbrook
  • 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

  • Dunkin'

    0.12 miles

  • JJ Fish & Chicken

    0.17 miles

  • Garden China

    0.18 miles

  • Mickey's

    0.23 miles

  • Hometown Pantry

    0.24 miles

  • White Castle

    0.28 miles

  • McDonald's

    0.32 miles

  • Popeyes

    0.34 miles

  • Domino's

    0.35 miles

  • Burger King

    0.49 miles

  • Northview School

    0.16 miles

  • Bernard J. Ward Middle School

    0.30 miles

  • Brooks Middle School

    0.97 miles

  • John R. Tibbott Elementary School

    1.12 miles

  • Oak View Elementary School

    1.23 miles

  • Jonas E. Salk Elementary School

    1.40 miles

  • Bolingbrook High School

    1.46 miles

  • Hubert H. Humphrey Middle School

    1.51 miles

  • Wood View Elementary School

    1.56 miles

  • Independence Elementary School

    1.80 miles

  • Chesterbrook Academy

    3.72 miles

  • Child Care and Learning Center

    3.95 miles

  • Early Learning Centers of Excellence

    4.22 miles

  • Peter Day

    4.36 miles

  • KinderCare

    4.67 miles

  • The Compass School

    4.87 miles

  • Tutor Time of Downers Grove

    5.24 miles

  • Ready, Set, Grow Child Care Center

    5.56 miles

  • Argonne Child Development Center

    5.57 miles

  • Knowledge Beginnings

    6.17 miles

Frequently Asked Questions

How much does McKenzie Falls, a Senior Community cost?

The sale price for McKenzie Falls, a Senior Community is available upon request. Contact the listing broker for more information.

What is the total square footage of McKenzie Falls, a Senior Community?

McKenzie Falls, a Senior Community totals 74,047 square feet.

When was this property built?

McKenzie Falls, a Senior Community was built in 2010.

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Contact Listing Broker

broker

Cody Doran

SVN | Chicago Commercial