Lake Bluff apartment complex for sale

According to Crain's Chicago Real Estate Daily, the 224-unit Deer Valley apartment complex in Lake Bluff is for sale a year after it was purchased for $22 million.

Prime Property Investors, the owner, reports that Deer Valley's mix of 1- and 2-bedroom apartments is fully-occupied and that the project's rent roll has increased from $215K to $250K monthly since its acquisition.

Deer Valley has a Lake Bluff mailing address but is located in an unincorporated area of Lake County.

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