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51 W Wilson Street W Palatine, IL $ 849,000
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$ 849,000 Get more info
51 W Wilson Street W
$ 849,000
Back to search
Share Save

51 W Wilson Street W

Palatine, IL, 60067
$ 849,000
Baths0.0 Sq 3,932

Monthly Estimate*

$ 5,931

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Studio

Commercial Property for sale in Palatine, IL

for $849,000. This 3,932 square foot building was built in 1869 on a lot size of 0.074472.

Located directly in Downtown Palatine this Mixed Use building has prime location plus Cashflow! Any Investor's Dream! Just walking distance to the Palatine Metra Station, this unique Mixed Use building has 3 residential condos plus a Palatine staple, Darios, on the main level. Each Condo unit has 2 bedrooms plus 1 full bath along with their very own Washer and Dryer in Unit. Strong Rental history with long term tenants for all units! Not to mention, each condo has great patio space perfect for entertaining. Plumbing and electrical still intact with additional storage in lower level. Lots of Municipal parking surrounding the building. Zoned B-3 which includes many different uses. Gross lease, Owner pays taxes and insurance. Prime Location just in time for the potential Bears Multi-Use Stadium project one train stop away. This is a must see!!

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Commercial Active

Price

$ 849,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,315

Style

Commercial,Condominium

Lot Size

0.074472

Year Built

1869

Town/City

Palatine

County/Region

Cook

MLS | Web ID

11934405
Features
General
Cooling Central Air
Roof Composition
Zoning MULTI
Construction Materials Wood Frame
Year Built 1869
Electric Service - 201 to 600 Amps
Tenant Pays Air Conditioning Electricity Heat Janitorial Service Scavenger Sewer
Stories 2
Township Palatine
Property SubType Apts/Stores
Tax Year 2022
Current Use Commercial Condominium
Gross Income 5800
County Cook
Net Operating Income 65180
Operating Expense 4420
Insurance Expense 2800
Property Type Commercial Sale Mixed Use
Possible Use Commercial Condominium
Status Active
Directions Take Plum Grove north of tracks to Wilson west to property. Across the street from Tap House Grill and the Metra Station
City Palatine
Total Units 4
MLS Area Palatine
Lot Size Square Feet 3244
Street Name Wilson
Tax Annual Amount 12315
Electric Expense 0
Fuel Expense 0
Trash Expense 65
Water Sewer Expense 70
Additional Parcels Y/N N
Days on Market 174
Lease Type Gross
Standard Status Active
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Interior
Flooring Wood
Street Suffix Street
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Exterior
Building Area Total 3932
Lot Dimensions 120 X 102 X 62
Frontage Type City Street Public Road
Exterior Vinyl Siding
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* Excluded Features
List By
Keller Williams Success Realty

Broker

dandrake@kw.com;dandrake.re@gmail.com

Email

Affordability Calculator

$6,957
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,931
Monthly Property Taxes
$1,026
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/7/2024$849,000 -5.56% Price Down
1/24/2024$899,000 -5.37% Price Down
11/21/2023$950,000 Listed Price

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51 W Wilson Street W, Palatine, IL, 60067 is a Commercial Property for sale at $849,000 with 3,932 sqft and a lot size of 0.074472. 51 W Wilson Street W is a studio with 0.0 baths and was built in 1869. The property's zip code is 60067 which is in Palatine, IL

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