Local Investor Acquires Mixed-Use Property In Winnetka IL For $3.15M

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.