Address
111 E Palatine Road, Palatine, IL
Price
$ 535,000
Property Attributes
- MLS#12042514
- TypeMulti-Family
- CountyCOOK
- CityPalatine
- AreaPalatine
- NeighborhoodDowntown
- Zip60067
- Style
- Year Built1920
- Taxes$ 12029
- Price$ 535,000
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2350
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Prime Multi-Family/Residential Rental Property in Palatine, IL Welcome to 111 E Palatine Rd, an exceptional commercial property offering unparalleled opportunities for businesses in Palatine, IL. Boasting a range of recent upgrades and a strategic location within walking distance to essential amenities, this property is ready to accommodate a variety of ventures seeking a prime location and modern amenities. Location: 111 E. Palatine Rd Palatine, Illinois 60067 Unit Configuration: Top Floor: 2 bed / 1 bath unit available for $1,450 per month. Main Level: 3 bed / 1 bath unit offered at $1,875 per month. Basement: Unfinished basement with bathroom and storage space, offering potential for additional income with the addition of a unit. Key Features: Brand New Roof: This property features a brand-new roof, providing enhanced durability and protection against the elements for years to come. Brand New Plumbing: Enjoy the peace of mind of having brand-new plumbing systems installed throughout the property, ensuring optimal functionality and efficiency. New Mechanicals: With new mechanical systems in place, including HVAC and electrical, tenants can expect reliable performance and reduced maintenance costs. Newly Resurfaced Parking Lot: The parking lot has been freshly resurfaced, offering ample space for customers and employees and enhancing the property's curb appeal. Convenient Location: Situated in the heart of Palatine, this property enjoys excellent visibility and accessibility. Within walking distance, tenants have access to essential amenities, including: Jewel grocery store Train station Aquatic center Great School District: Located within a highly regarded school district, tenants at 111 E Palatine Rd benefit from access to quality education, making it an attractive location for families and employees alike. Opportunity Awaits: Whether you're looking to start a new business, expand your operations, or invest in commercial real estate, 111 E Palatine Rd presents an exciting opportunity to establish your presence in a thriving market. With its recent upgrades, strategic location, and potential for additional rental income, this property is primed for success. Schedule a Viewing: Don't miss out on this exceptional opportunity to lease or own a premium commercial property in Palatine. Contact us today to schedule a viewing and discover the endless possibilities that await at 111 E Palatine Rd
| Elementary School | Middle School | High School |
|---|---|---|
| Gray M Sanborn Elementary School | Walter R Sundling Junior High Sc | Palatine High School |
| Price History | |
|---|---|
| 4/30/2024 | Listed $535,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas,Forced Air |
| Possession | Closing |
| Roof | Asphalt |
| Exterior Features | Dog Run,Storms/Screens,Fire Pit |
| Garage Spaces | 3 |
| Year Built | 1920 |
| Township | Palatine |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Gross Income | 38800 |
| County | Cook |
| Net Operating Income | 27390 |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 12 |
| Status | Active |
| Directions | Palatine Road to 111 East Palatine |
| High School | Palatine High School |
| City | Palatine |
| High School District | 211 |
| MLS Area | Palatine |
| Waterfront Y/N | No |
| Street Name | Palatine |
| Elementary School | Gray M Sanborn Elementary School |
| Tax Annual Amount | 12029 |
| Middle/Junior High School | Walter R Sundling Junior High Sc |
| Days on Market | 16 |
| Standard Status | Active |
| Middle/Junior School District | 15 |
| Elementary School District | 15 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Partial |
|---|---|
| Street Suffix | Road |
| Total Bedrooms | 5 |
| Total Baths | 3 |
| Bedrooms Possible | 5 |
| Basement | Partially Finished |
| Full Baths Building | 2 |
| Half Baths Building | 1 |
| Total Number of Units | 2 |
Exterior Features
| Parking Features | Off Street,Side Apron |
|---|---|
| Lot Features | Common Grounds,Fenced Yard,Irregular Lot,Wood Fence |
| Water Source | Public |
| Total Parking | 9 |
| Lot Dimensions | 15480 |
| Garage Onsite | Yes |
| Garage Type | Detached |
| Garage Ownership | Owned |
| Exterior | Aluminum Siding |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60067
Price
Taxes
Visits
Year Built
