Chicago-based multifamily brokerage firm Essex Realty Group, LLC closed the sale of 213 S. Main St., a 12-unit mixed-use property in downtown Wauconda, Illinois. The property sold for $1,185,000.
The transaction was arranged by Essex Realty Group Principal Matt Feo along with Director Anthony Citriglia who also represented the buyer in the transaction.
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.
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.
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.
