Local Investor Acquires Mixed-Use Property In Winnetka IL For $3.15M
SOLD
$3,150,000
+ 2
Illinois
See Similar DealsMixed-use20,475 SF
Sold 10/29/2021
SOLD
Local Investor Acquires Mixed-Use Property In Winnetka IL For $3.15M
715-729 Elm Street, Winnetka, IL, USA
See Similar DealsMixed-use20,475 SF
Sold 10/29/2021
+ 2
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$153
Total Square Footage:20,475 SF
Transaction Type:Sale
715-729 Elm St in Winnetka, IL, has been sold in a mixed-use transaction. The property is located on the northwest corner of Elm Street and Arbor Vitae Road, just east of the Winnetka Metra Station. It consists of five apartment units and 13 commercial spaces.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Market: Winnetka IL
The seller hired the Essex Realty team consisting of Doug Imber, Kate Varde, Jaimie Steinher, and Dan Shepherd to exclusively market the property. The buyer, a local investor, was represented by Essex managing director Brian Karmowski. The transaction took place on October 29, 2021.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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