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Woodview Apartments Hit The Market

GURNEE, IL-The 136-unit multifamily rental complex 1820, 1830 and 1840 Delany Rd. could be converted to condominiums, the original intended use, or senior housing, suggests DK Realty Partners, hired by the partnership selling as a result of a restructuring.

By Mark Ruda | Updated on May 02, 2005

GURNEE, IL-A partnership restructuring has resulted in a three-building, 136-unit multifamily rental complex here going on the market. DK Realty Partners is using a sealed-bid auction method to sell Woodview Apartments, setting a June 8 deadline.

DK Realty Partners managing member Paul G. Demik suggests the property on 14 acres at 1820, 1830 and 1840 Delany Rd. can be converted to its original intended use—condominiums. The company also suggests the complex could be converted to senior housing. The units range from 650-sf one-bedroom apartments to 1,100-sf two-bedroom apartments. The complex also includes a smaller, 950-sf two-bedroom model.

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