Rakesh Patel Of Patel Brothers Group Purchases Lakefront Mansion From Frank Jimenez For $5.75M

A single-family residence located at 959 Sheridan Road in Highland Park was sold for $5,750,000. This property encompasses 7,800 square feet and features five bedrooms. The sale represents one of the highest transactions in the city since 2021, excluding Michael Jordan’s estate.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $5,750,000
• Square Footage: 7,800
• Price Per Square Foot: $737
• Buyer: Rakesh Patel - Patel Brothers Group
• Seller: Frank Jimenez - GE Healthcare
• Buyer's Representative: Khrystyna Patel - KOMAR
• Seller's Representative: Kelly Dunn Rynes - Berkshire Hathaway HomeServices Chicago

Rakesh Patel, the co-CEO of Patel Brothers Group, acquired the property through a land trust. The seller, Frank Jimenez, served as the general counsel for GE Healthcare.