Residential Income for Sale: 111 E Palatine, Palatine, IL 60067

5 beds
$525,000
$525,000
111 E Palatine, Palatine, IL 60067
5 beds
$525,000
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Price:
$525,000
$10,000 - 07/15/2024

Type Residential Income
Beds 5
Year Built 1920

City Palatine
County Cook
School District 211

MLS 12042514
Status Active
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

Room Features

Basement Description Partially Finished

Lot & Building Features

Heating Forced Air, Natural Gas
Parking Description Garage, Space/s
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 15480 ft

Community and Schools

Elementary School 15
Junior High School Walter R Sundling Junior High Sc
Senior High School Palatine High School

Price History of 111 Palatine, Palatine, IL

Date Name Price Difference
07/15/2024 Price Adjustment $525,000 1.87%
12/31/1969 Listing Price $535,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Tanya Coffman
Direct: 773-447-9130
Office
3580 W 95th Street
Evergreen Park, IL 60805
773-447-9130
Listed by Coldwell Banker Realty, Rocco Zaccaro
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1%
6.75%
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111 Palatine (MLS #12042514) is a residential income listing located in Palatine, IL. This property was listed on 04/29/2024 and has been priced for sale at $525,000.

Nearby zip codes are 60004, 60005, 60008, 60074 and 60097. This property neighbors other cities such as Arlington Heights, Inverness, Rolling Meadows, Schaumburg and Wonder Lake.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty