Lakewood Village

125 Glen Street, Grayslake, IL 60030

Waiting List Forecast: Likely Short or None

check_circleVerified for 2020 by Ben D. Layfield
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 - 2 Baths 1 - 794 Sq Ft

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

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.

Dave's Thoughts On Lakewood Village

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Lakewood Village does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Lakewood Village Amenities

  • Playground
  • BBQ and Picnic Area
  • Dishwasher
  • Microwave
  • Refrigerator
  • Stove
  • Courtyard
  • On-Site Laundry

Units at Lakewood Village

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 575ft2 Call for Price
2 Bedroom (2/1) 794ft2 Call for Price
3 Bedroom (3/1.5) 1ft2 Call for Price
3 Bedroom (3/2) 1ft2 Call for Price

Income Qualification for Lakewood Village

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people
50% AMI for LIHTC Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year
50% AMI for PBRA Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / year $71,520 / year $76,800 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Lakewood Village

Does Lakewood Village have a waiting list?

Lakewood Village probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Lakewood Village?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Lakewood Village?

Lakewood Village is managed by Evergreen Real Estate Group headquartered in Chicago, IL.

In addition to Lakewood Village, how many other affordable housing properties (and units) are there in Grayslake?

In addition to Lakewood Village, we list 3 other affordable properties in Grayslake. Learn about these properties here. Our data research shows that there are a total of 120 affordable units in Grayslake.

Listings Near Lakewood Village

Brittany Square

720 Brittany Sq, Grayslake, Illinois 60030

bed 1
payment $1380/mo.

Grays Pointe Apartments

1900 Country Dr, Grayslake, Illinois 60030

bed 1-2
payment $1370-1405/mo.

Library Lane Serior Residences

50 Library Ln, Grayslake, Illinois 60030

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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