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    Palatine Condo Deconversion Opportunity
    Updated: Nov 21, 2025
    Palatine Condo Deconversion Opportunity

    140 W Wood St, Palatine, IL 60067

    $20,000,000
    112,000 sqft
    Prime location in the heart of downtown Palatine, steps from the Metra train line, providing easy access to Chicago and local amenities.
    Significant value‑add opportunities through strategic unit rehabilitation to achieve market rents (over $2.00 per foot).
    Potential for reduced operating expenses by replacing the centralized boiler and chiller system with individual HVAC units.
    Opportunity to develop a portion of the large, over‑parked lot while retaining necessary parking spaces.
    Existing building amenities include a pool, gym, and storage lockers, with additional space available for upgrades.
    View details
    See hot listings in Palatine

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 1 Active listings in Palatine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Move-In Ready Condo Near Train
    Move-In Ready Condo Near Train

    1815 Oakton Street #2A, Park Ridge, IL 60068

    $215,000
    1,005 sqft

    Two-bedroom condo with new appliances, close to Dee Road Train.

    View details
    Park Ridge Multifamily Investment Opportunity
    Park Ridge Multifamily Investment Opportunity

    20 S Dee Road, Park Ridge, IL 60068

    Contact for pricing
    9,668 sqft

    Recently renovated, fully leased 8-unit building near Iroquois Woods.

    View details
    Spacious 2BR Condo with Patio
    Spacious 2BR Condo with Patio

    920 Beau Drive #110, Des Plaines, IL 60016

    $192,500
    1,000 sqft

    First-floor unit with patio, new carpets, and in-unit laundry.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    8807 Dee Road, Des Plaines, IL 60016

    $899,900
    0.18 AC lot

    Five units are rented, with month-to-month tenancies and a basement in this 1969-built residential property.

    View details

    Off-Market Properties in Palatine, IL

    Consider similar Off-Market properties in Palatine, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    450 Palatine Rd
    GARDEN APT, COURT APT (5+ UNITS)

    450 Palatine Rd, Palatine, IL 60067-4980

    Estimated value:
    $2,945,000
    1.22 AC lot
    View details
    153 Sherman St
    APARTMENT HOUSE (UNDER 5 UNITS)

    153 Sherman St, Palatine, IL 60067-3559

    Estimated value:
    $665,000
    2,549 sqft 0.31 AC lot
    View details
    821 Lilly Ln
    APARTMENT HOUSE (UNDER 5 UNITS)

    821 Lilly Ln, Palatine, IL 60074-0903

    Estimated value:
    $600,000
    4,638 sqft 0.13 AC lot
    View details
    409 Cambridge Dr, Unit 15
    APARTMENT HOUSE (UNDER 5 UNITS)

    409 Cambridge Dr, Palatine, IL 60067-2359

    Unit 15
    Estimated value:
    $600,000
    4,533 sqft 0.11 AC lot
    View details
    409 15th N Lk Shr
    APARTMENT HOUSE (UNDER 5 UNITS)

    409 15th N Lk Shr, Palatine, IL 60067

    Estimated value:
    $575,000
    4,230 sqft 0.11 AC lot
    View details
    425 Cambridge Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    425 Cambridge Dr, Palatine, IL 60067-2365

    Estimated value:
    $210,000
    4,480 sqft 0.11 AC lot
    View details
    105 Snw Hwy
    APARTMENT HOUSE (UNDER 5 UNITS)

    105 Snw Hwy, Palatine, IL 60074-6232

    Estimated value:
    $250,000
    2,932 sqft 0.17 AC lot
    View details
    2239 Rand Rd, Unit 51
    APARTMENT HOUSE (UNDER 5 UNITS)

    2239 Rand Rd, Palatine, IL 60074-2350

    Unit 51
    Estimated value:
    $1,725,000
    4,956 sqft 0.49 AC lot
    View details
    830 Capri Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    830 Capri Dr, Palatine, IL 60074-0908

    Estimated value:
    $670,000
    4,687 sqft 0.13 AC lot
    View details
    43 Hale St
    APARTMENT HOUSE (UNDER 5 UNITS)

    43 Hale St, Palatine, IL 60067-5240

    Estimated value:
    $445,000
    2,295 sqft 0.20 AC lot
    View details
    237 Plum Grv Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    237 Plum Grv Rd, Palatine, IL 60067-5270

    Estimated value:
    $535,000
    2,638 sqft 0.24 AC lot
    View details
    103 Plum Grv Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    103 Plum Grv Rd, Palatine, IL 60067-6244

    Estimated value:
    $285,000
    1,868 sqft 0.24 AC lot
    View details
    780 Dundee Rd, Unit 1
    APARTMENT HOUSE (UNDER 5 UNITS)

    780 Dundee Rd, Palatine, IL 60074-0714

    Unit 1
    Estimated value:
    $320,000
    1,826 sqft 1.44 AC lot
    View details
    305 Palatine Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    305 Palatine Rd, Palatine, IL 60067-4923

    Estimated value:
    $260,000
    2,288 sqft 0.11 AC lot
    View details
    440 Cambridge Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    440 Cambridge Dr, Palatine, IL 60067-2364

    Estimated value:
    $745,000
    4,328 sqft 0.11 AC lot
    View details
    240 Palatine Rd, Unit 2
    APARTMENT HOUSE (UNDER 5 UNITS)

    240 Palatine Rd, Palatine, IL 60067-5123

    Unit 2
    Estimated value:
    $690,000
    2,992 sqft 0.20 AC lot
    View details
    125 Dundee Rd
    GARDEN APT, COURT APT (5+ UNITS)

    125 Dundee Rd, Palatine, IL 60074-2644

    Estimated value:
    $36,125,000
    9.31 AC lot
    View details
    488 94th N Lk Shr
    APARTMENT HOUSE (UNDER 5 UNITS)

    488 94th N Lk Shr, Palatine, IL 60067

    Estimated value:
    $2,555,000
    4,533 sqft 0.11 AC lot
    View details
    496 2nd N Lk Shr
    APARTMENT HOUSE (UNDER 5 UNITS)

    496 2nd N Lk Shr, Palatine, IL 60067

    Estimated value:
    $2,555,000
    4,533 sqft 0.11 AC lot
    View details
    424 30th N Lk Shr
    APARTMENT HOUSE (UNDER 5 UNITS)

    424 30th N Lk Shr, Palatine, IL 60067

    Estimated value:
    $2,555,000
    4,533 sqft 0.11 AC lot
    View details
    49 Slade St
    APARTMENT HOUSE (UNDER 5 UNITS)

    49 Slade St, Palatine, IL 60067-0415

    Estimated value:
    $575,000
    4,480 sqft 0.09 AC lot
    View details
    128 Wood St
    APARTMENT HOUSE (UNDER 5 UNITS)

    128 Wood St, Palatine, IL 60067-5256

    Estimated value:
    $315,000
    1,541 sqft 0.20 AC lot
    View details
    424 Cambridge Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    424 Cambridge Dr, Palatine, IL 60067-2364

    Estimated value:
    $875,000
    4,337 sqft 0.11 AC lot
    View details

    Palatine, IL Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Palatine, IL on our real estate platform. These investment opportunities span a total of 112,000 square feet of properties for sale, with an estimated market value of $20,000,000.

    Sale prices for two-family homes in Palatine, IL average $20,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 74K
    Population Growth (5Y) -4.1%
    Median Household Income $102,227
    College Educated 19.9%

    High-Yield Neighborhoods for Investment

    Identify Palatine submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60067 $20M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Palatine fall within the 100,000+ square foot range.

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