111 E Palatine Road
Palatine, IL, 60067 $ 535,000
Bedrooms5 Baths3.1 Sq 2,350 Monthly Estimate*
$ 3,737
for $535,000 with 5 bedrooms and 3 full baths, 1 half bath. This 2,350 square foot home was built in 1920.
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
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FeaturesGeneralSewer 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 N
Property Type Residential Income Two to Four Units
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 N
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
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InteriorBasement Partial Partially Finished
Street Suffix Road
Total Bedrooms 5
Total Baths 3
Bedrooms Possible 5
Full Baths Building 2
Half Baths Building 1
Total Number of Units 2
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ExteriorParking Features Off Street Side Apron
Lot Features Common Grounds Fenced Yard Irregular Lot Wood Fence
Water Source Public
Total Parking 9
Lot Dimensions 15480
Lot Size Acres 0
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Aluminum Siding
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
rocco.zaccaro@cbrealty.com;rocco.zaccaro@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,737
- Monthly Property Taxes
- $1,002
- 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.
Learn more about how to save NearbyMulti-family listings in Palatine, IL
Average List Price $712,250
Percent of Sale Price 33%
About Palatine, IL 67,137 Population
2% Since 2002
$ 76,021 Median Income
39.39 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
565588 Elementary School
565037 Middle School
Palatine High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/30/2024 | $535,000 | | Listed Price |