Address
51 W Wilson Street W, Palatine, IL
Price
$ 899,000
Property Attributes
- MLS#11934405
- TypeCommercial
- CountyCOOK
- CityPalatine
- AreaPalatine
- Zip60067
- StyleCommercial,Condominium
- Year Built1869
- Taxes$ 12315
- Price$ 899,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3932
- Lot Size3,244 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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!!
| Price History | |
|---|---|
| 11/21/2023 | Listed $950,000 |
| 1/24/2024 | 6% - $899,000 |
General Features
| 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 |
| 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 |
| Trash Expense | 65 |
| Water Sewer Expense | 70 |
| Additional Parcels Y/N | No |
| Days on Market | 71 |
| Lease Type | Gross |
| Standard Status | Active |
| Property Type | Mixed Use |
Interior Features
| Flooring | Wood |
|---|---|
| Street Suffix | Street |
Exterior Features
| Building Area Total | 3932 |
|---|---|
| Lot Dimensions | 120 X 102 X 62 |
| Frontage Type | City Street,Public Road |
| Exterior | Vinyl 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 Commercial Average in 60067
Price
Taxes
Visits
Year Built
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of April 29, 2024 12:54 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of April 29, 2024 12:54 PM UTC
