Essex Hired To Sell Luxury Townhomes In Winnetka And Wilmette
Chicago, IL – Essex Realty Group, Inc. has been exclusively retained to market a portfolio of 27 townhomes in three complexes located in the affluent north suburbs of Winnetka and Wilmette. The portfolio is offered for sale at a combined price of $12,600,000 but may be purchased as three separate properties as well
“These luxury townhomes present an investor with a rare opportunity to acquire immediate scale in this affluent market. Plus, rental demand continues to increase in quality suburban locations,” explains Kate Varde, Essex’ Principal and listing agent for the properties. The team of Doug Imber, Kate Varde, Jaimie Steinher and Dan Shepherd are representing the seller, a local investor, in this transaction.
The offering includes five townhomes at 601-617 Park Ave. in Wilmette, IL, 12 townhomes at 700-708 & 726-738 Green Bay Rd. in Winnetka, IL, and 10 townhomes at 3115-3119 Lake Ave. in Wilmette, IL. The portfolio also includes 30 garage parking spaces and 20 exterior spaces. Additionally, the properties each provide amenities usually reserved for homeownership including private backyards, garage parking, multiple storage spaces, and finished basements in select units. These units offer tenants the unique opportunity to experience high-end, spacious, units typically not available to the rental market.
Of the twenty-seven townhomes, seventeen are fully renovated with luxury finishes. A new owner has the opportunity to update the remaining ten partially renovated units, following the seller’s proven value-add strategy to achieve higher rents.
Essex Realty Group, Inc. is a leading mid-market brokerage firm that specializes in the sale of investment real estate throughout the Chicago metropolitan area. Visit www.essexrealtygroup.com for access to our multi-family listings and more information.