ON MARKET – MULTI-FAMILY
700-708 & 726-738 Green Bay Rd. Winnetka, IL 60093
PRICE
$5,300,000
NUMBER OF UNITS
12
CAP RATE
5.7%
PROPERTY LISTED

Essex is pleased to exclusively offer for sale 700-708 and 726-738 Green Bay Rd. ("the Property") located in Wilmette, IL. The Properties consist of twelve (12) townhomes comprised of two (2) 2Bd/1.5Ba and ten (10) 3Bd/2.5Ba duplex-style units. The Properties also feature twelve (12) garage parking spaces and five (5) off-street parking spaces. The townhomes offer amenities usually reserved for home ownership including private backyards and garage parking. Three (3) units also feature finished basements.

LOCATION DETAILS

Eight (8) out of the twelve (12) units have been fully renovated and feature high-end finishes. Kitchens include new white shaker cabinetry, glass backsplashes, Whirlpool stainless steel appliances, quartz countertops, and modern fixtures. Bathrooms have new ceramic surrounds and tile, Kohler fixtures, and vanities. Additional features include hardwood floors, walk-in closets, in-unit laundry, individual HVAC, and private backyards. The four (4) unrenovated or partially updated units feature varying levels of finish including stainless steel appliances, hardwood floors, oak cabinetry, granite countertops, and individual HVAC.

DISCLOSURE: THE MANAGING MEMBER OF THE LLC THAT OWNS THE SUBJECT PROPERTY IS A LICENSED REAL ESTATE BROKER IN THE STATE OF ILLINOIS.

HIGHLIGHTS
  • Turnkey properties with tenant-paid utilities in the affluent suburb of Winnetka
  • Unit mix: (2) 2Bd/1.5Ba, (10) 3Bd/2.5Ba, (12) garage parking spaces, (5) surface spaces
  • Conveniently located 0.5 miles from the Hubbard Woods and Winnetka UP-N Metra stations
  • Eight (8) out of the twelve (12) units have been fully renovated and feature high-end finishes
  • Proven value-add strategy with rental upside for four (4) remaining unrenovated or partially renovated units
  • Cap rate: 5.70% / GRM: 12.29
LISTING BROKERS
Doug Imber
President
773.305.4902
Kate Varde
Principal
773.305.4908
Clay Maxfield
Director
773.305.4852