Woodlake Apartments, completed in 2000, is a 260-unit apartment community conveniently located immediately off Interstate 94 in Gurnee, Illinois, in affluent Lake County. High-quality, well-located suburban rental properties are enjoying increased demand as renters are drawn to properties that offer a higher quality of life. Demand far outstrips supply for properties offering more living space, direct access to the outdoors, premium interior unit finishes, and modern amenities in convenient locations at affordable rents. At its current market rents, Woodlake offers investors the opportunity to achieve accelerated rent growth given the strength of demand in the face of limited supply.

Woodlake features 12 three-story residential buildings and one renovated stand-alone clubhouse with outdoor swimming pool on a scenic 25-acre site. The 260 well-designed apartment homes feature large kitchens, full-size stackable washer/dryer, patio or balcony, 9-foot ceilings on the first floors and vaulted ceilings on the top floors.

56 of the 260 units, or 22%, feature direct access units. Residents appreciate the semi-private feel, the abundance of light, limited shared walls with neighbors, and overall home-like feel of these timeless units.