111 E Palatine Road Palatine, IL $ 535,000
111 E Palatine Road
$ 535,000
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111 E Palatine Road

Palatine, IL, 60067
$ 535,000
Bedrooms5 Baths3.1 Sq 2,350

Monthly Estimate*

$ 3,737

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Multi-Family Home for sale in Palatine, IL

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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Multi-Family Active

Price

$ 535,000

Bedrooms

5

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 12,029

Style

Year Built

1920

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12042514

Features
General
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 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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Interior
Basement 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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Exterior
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
Lot Size Acres 0
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Aluminum Siding
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* Excluded Features
List By
Coldwell Banker Realty

Broker

rocco.zaccaro@cbrealty.com;rocco.zaccaro@gmail.com

Email

Affordability Calculator

$4,740
Per Month
79%
21%
0%
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.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565588 Elementary School
565037 Middle School
Palatine High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2024$535,000 Listed Price

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111 E Palatine Road, Palatine, IL, 60067 is a Multi-Family Home for sale at $535,000 with 2,350 sqft. 111 E Palatine Road has 5 bedrooms, 3.1 baths, and was built in 1920. The property's zip code is 60067 which is in Palatine, IL