2590 BURNSIDE WAY WAUKEGAN IL 60087-4000
70-Unit Duplex & Quad Lot Portfolio — Golf Course Adjacent — Flexible Terms
Marketing description
Rare opportunity to acquire the remaining 30 platted lots in Traditions at Glen Flora, an established 55+ active adult community in Waukegan, Lake County, Illinois, offered at $1,450,000. The subdivision was originally developed by Burnside Construction with duplex "Club Home" and four-unit "Carriage Home" product, and the remaining inventory — 25 duplex lots and 5 quad lots — supports 70 units as platted, with potential for a revised plan or alternative product, subject to City of Waukegan approval.
Roads, curbs, water, and sanitary and storm sewer infrastructure are already in place throughout the subdivision, with final surface course and municipal punch-list items remaining. The community is partially built out and occupied, with an existing clubhouse, pool, and homeowners association — a new builder steps into a functioning neighborhood, not a greenfield.
The seller is flexible: purchase the full portfolio or a partial takedown. Seller financing and a lot-release payment structure may be available for qualified buyers.
Investment highlights
30 platted lots across 7 recorded phases — 25 duplex lots and 5 larger quad lots (±11.33 acres total)
70 buildable units as currently platted; community may be receptive to a new use or unit design
Infrastructure in place — streets, curb & gutter, watermain, sanitary and storm sewer installed; final lift of asphalt and punch-list items remain
Established, occupied community — existing clubhouse with pool, mature streetscape, active HOA
Golf course adjacent — bordering Glen Flora Country Club, with Lyons Woods Forest Preserve to the north and Lake Michigan roughly a mile east
Excellent access — frontage near Sheridan Rd (IL Route 137) with connections to Green Bay Rd, Amstutz Expressway, and Metra UP-North service in Waukegan
Proven product fit — original floor plans ranged ±1,414–1,861 SF ranch-style units targeting the deep and growing 55+ demographic
Flexible deal structure — full or partial sale, seller financing possible, lot-release schedule negotiable
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