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Multifamily Apartment Building with Balconies

1875 N Green Lane N Palatine, IL 60074

1875 N Green Lane N, Palatine, IL, 60074
$999,000
For Sale
Under Contract
$999,000

MULTI_FAMILY - Palatine, IL

Lot Size0.06 Acres
Days on Market37

Property Features for 1875 N Green Lane N

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
9
Bathrooms
6
Rooms
Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 9, Bathroom 3, Bathroom 6, Bedroom 1, Bedroom 6, Bathroom 5, Bedroom 8, Bedroom 2, Bedroom 5
Standard status
Active Under Contract
APN
02013020420000
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
15194

Building Details

Year built
1985
Floors in Building
3
Number of units
6
Building materials
Brick
Listing agency American International Realty
Listed by Rony Khezeran · License #471005867
Added: Jun 17 Updated: Jul 13 at 4:45PM Checked: Jul 23 at 5:06AM
MLS# 12680785

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This multifamily apartment building offers spacious floorplans featuring 3 bedrooms, including configurations with 2 bathrooms and with 1 bathroom. Many units include private balconies, and the property is described as having well-maintained outdoor areas. An association covers several recurring operating items, including landscaping, snow removal, scavenger service, and parking lot maintenance.

Located in Palatine, Illinois (Cook County), the property is identified for MULTI zoning. The building is positioned on a small parcel and is described as surrounded by greenery, with plenty of parking available for residents.

For tenants, the mix of 3-bedroom layouts with balcony options supports a straightforward residential fit. For buyers, the current leasing status is described as always rented for the spacious units, and the association’s scope of site services may help standardize common-area maintenance responsibilities. With on-site parking and routine upkeep handled through the association, the property can appeal to operators looking for a residential income asset with defined, recurring exterior and lot maintenance functions.

Key Highlights

  • Brick construction built in 1985
  • Yearly income of $73,000 reported for the property
  • Includes three 2‑bedroom and three 1‑bedroom units, all listed as always rented

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Parking Lot & Garage Barber Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture Daycare Center Veterinary Clinic Pet Grooming Service Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Spacious 2- and 1-bath units with balconies, with association-managed site services and plenty of parking.
Where is this apartment building located?
The property is located at 1875 N Green Lane N Palatine, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Brick construction built in 1985; Yearly income of $73,000 reported for the property; Includes three 2‑bedroom and three 1‑bedroom units, all listed as always rented
Contact an agent
More about this property
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