Beechwood at the Preserve is managed by The Michaels Organization.
Southwest of the intersection of Belvidere Road and Green Bay Road sits the treelined quaint community of Beechwood at the Preserve in Waukegan, IL. The community offers a variety of 1-bedroom, 2-bedroom, and 3-bedroom floor plans with each unit featuring a fully-equipped kitchen, large closets, and additional storage. The Greenbelt Forest Preserve, Pulaski Lake, and Skokie River are mere blocks away in addition to conveniently located dining, shopping, and entertainment options. Property amenities include controlled access with an intercom system, elevator access, underground parking, and on-site laundry.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 625 | $1,182 |
Two Bedroom (2/1) | 852 | $1,395 |
Three Bedroom (3/2) | 1228 | $1,595 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Waukegan but actual income limits may differ for units at Beechwood at the Preserve.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person |
---|---|---|---|---|---|---|---|
Very Low Income (50%) | $38,650 | $44,150 | $49,650 | $55,150 | $59,600 | $64,000 | $68,400 |
Low Income (60%) | $46,380 | $52,980 | $59,580 | $66,180 | $71,520 | $76,800 | $82,080 |
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.