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