Wauconda Mixed-Use Property Sells for $1.19 Million in Transaction Arranged by Essex Realty Group

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the sale of 213 South Main Street, a 11-unit mixed-use property located in the heart of Downtown Wauconda, Illinois. The property sold for $1,185,000.

Transaction Overview

The transaction was arranged by Essex Realty Group Principal Matt Feo along with Director Anthony Citriglia who also represented the buyer in the transaction.

“This sale is a great example of how thoughtful ownership and reinvestment into the property translate into strong market value. The seller positioned the property extremely well, and our team at Essex generated strong demand by running a focused, competitive process. Buyers clearly recognized the stability of the income and the long-term upside the asset offered,” said Anthony Citriglia, Director at Essex Realty Group.

Property Details at 213 South Main Street

The two-story building includes five renovated residential apartments, five professional office suites, and one ground-floor retail space. The retail space is occupied by a long-standing local pet groomer with over 30 years of operation and features a prominent storefront with high-visibility signage along Main Street. The lower-level office suites are leased to small local businesses.

Marketing Process and Buyer Demand

At the time of sale, the property was fully occupied across both residential and commercial components and generated strong in-place income with well-managed expenses. Ownership had completed a series of interior and exterior upgrades, resulting in a well-performing and low-maintenance asset. While operating efficiently, the property also offered future upside through modest rent adjustments.

Essex Realty Group’s marketing campaign generated strong investor interest in the asset, resulting in multiple tours and competitive offers. Buyers were attracted to the property’s diversified income stream, stabilized operations, and downtown location.

Downtown Wauconda Location Overview

Located in Downtown Wauconda, 213 South Main Street benefits from a walkable Main Street setting surrounded by local restaurants, cafés, and specialty retailers. Ongoing public and private investment, proximity to Wauconda Lake, and the area’s small-town character continue to support tenant demand and long-term rent stability.

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Since 1990, Essex Realty Group, LLC has served Chicago’s investment real estate market as a top multifamily brokerage firm, specializing in Chicago multifamily for sale properties. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.

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