Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

Lakewood Village

125 Glen Street, Grayslake, Illinois 60030

Lakewood Village is ideally situated to give you easy access to the best of what the area has to offer. Make yourself at home in Grayslake or Island Lake. Part of feeling at home is loving your neighborhood, and it is certain that won't be difficult when you live at one of these Grayslake or Island Lake locations. Grayslake is centrally located within a 15-minute drive to major shopping, the Chain of Lakes and Lake Michigan and outdoor recreational activities. Island Lake has baseball diamonds, swimming beaches and many outdoor recreational amenities. Lakewood Village is a convenient paradise for errands, shopping, parks transit and much, much more nearby. With housing selections from one (1), two (2) and three (3) bedroom apartments and three (3) bedroom townhomes, Lakewood Village is sure to be just what you're looking for. Lakewood Village rents are according to your income.

Contact Lakewood Village

Message Lakewood Village

Waiting List is Open Now

The Lakewood Village waiting list is currently open until further notice.

Last updated on October 23rd, 2019

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 575-618 Call for Price
2 Bedroom (2/1) 794-813 Call for Price
3 Bedroom (3/1.5) 1,025 Call for Price
3 Bedroom (3/2) 1,050 Call for Price

Lakewood Village Details

  • 84 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 8 Project-Based Rental Assistance
  • Family Self-Sufficiency

Property Amenities

  • Playground
  • BBQ/Picnic Area
  • Courtyard
  • On-site Laundry

Unit Amenities

  • Dishwasher
  • Microwave
  • Refrigerator
  • Stove

Office Hours

Day Hours
Monday 9:00am-4:00pm
Tuesday 9:00am-4:00pm
Wednesday 9:00am-4:00pm
Thursday 9:00am-4:00pm
Friday 9:00am-4:00pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Family Self-Sufficiency

The local public housing authority provides services to help families receiving housing through the Housing Choice Voucher program, public housing, or Section 8 Project-Based Rental Assistance achieve economic independence and reduce dependence on welfare assistance and rental subsidies.

Lakewood Village is managed by Evergreen Real Estate Group.

Image of Lakewood Village
Image of Lakewood Village
Image of Lakewood Village
Image of Lakewood Village
Image of Lakewood Village
Image of Lakewood Village
Image of Lakewood Village