Essex Realty Group, Inc. is pleased to announce the sale of three properties located in the affluent suburbs of Winnetka and Wilmette. The properties sold as a portfolio comprised of five (5) townhomes at 601-617 Park Ave. in Wilmette, IL, twelve (12) townhomes at 700-708 & 726-738 Green Bay Rd. in Winnetka, IL, and ten (10) townhomes at 3115-3119 Lake Ave. in Wilmette, IL. The sale also included thirty (30) garage parking spaces and twenty (20) exterior spaces. Additionally, the properties each provide amenities usually reserved for homeownership including private backyards, garage parking, storage, and finished basements in select units.
Of the twenty-seven townhomes, seventeen are fully renovated with luxury finishes. Renovated kitchens include new white shaker-style cabinetry, glass backsplashes, grey quartz countertops, new hardwood floors, and designer stainless steel appliances. Bathroom finishes include ceramic tile surrounds and herringbone tile floors, new lighting, modern vanities, and fixtures. Additional improvements include carpeted bedrooms, walk-in closets, side-by-side or stackable laundry, and individual HVAC. The remaining ten partially renovated units feature varying levels of interior finishes including hardwood floors, individual HVAC, granite or laminate countertops, and stainless steel or white appliances.
DISCLOSURE: THE MANAGING MEMBER OF THE LLC THAT OWNS THE SUBJECT PROPERTY IS A LICENSED REAL ESTATE BROKER IN THE STATE OF ILLINOIS.
- Essex generated 10 property tours and multiple offers. Please call for sale price and information.
- Rarely available, 100% occupied portfolio in affluent suburbs of Wilmette and Winnetka
- Twenty-seven townhome-style apartments with high-end finishes throughout
- Proven value-add strategy to achieve significant rental upside for remaining ten units
- Recent monthly rent increases are between $100/unit and $200/unit on average