Gurnee, IL
260 Units, constructed in 2000

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Woodlake Apartments, located at 101 Woodlake Boulevard, is a 260-unit apartment community in Gurnee, Illinois.  Woodlake consists of one- and two-bedroom apartments averaging 906 square feet.  The property was built in 2000 and is situated on 25.2 acres.  There are 12 residential buildings, 1 clubhouse, and 9 detached garages.  Woodlake is located near several major retail and entertainment centers as well as several top corporate headquarters.

Woodlake features a renovated clubhouse, a resort-style swimming pool, a 24-hour fitness center, a business center, a billiards and gaming space, and an on-site dog park.  Residents also enjoy plenty of paved walking paths throughout the property, picnic areas, and parking garages.  Unit interiors include a full-size washer and dryer, large walk-in closets, a private patio or balcony, and storage closets.  Select units include private entrances, gas fireplaces, vaulted ceilings, and linen closets.  Redwood intends to implement a thorough unit upgrade program which includes new flooring, new plumbing and lighting fixtures, new thermostats, new window treatments, new appliances and countertops, and adding USB outlets.  Additional upfront capital will address various amenity upgrades and deferred maintenance.

With access to I-94, Woodlake is in close proximity to over 17 Fortune 500 and over 8 Fortune 1000 companies with corporate headquarters.  The property is located in a strong demographic with an annual average household income of $96,000.  Residents enjoy quick access to O’Hare airport and downtown Chicago as well as major entertainment and retail centers, Six Flags Great America and Gurnee Mills mall, only a few minutes away.  Lake Michigan is also only 15 minutes away.