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1863 Green Ln Palatine, IL 60074

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For Sale
$875,000

High-Yield Six-Unit Building, Fully Leased

Property size:
5,004 SF

Property Features for 1863 Green Ln

General Information

Property type
Other commercial real estate
Square Feet
5,004 SF

Building Details

Year Built
1985

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Listing Contact
Jayesh Parekh

Listing Agency: ARNI Realty Incorporated Listing Agent: Jayesh Parekh

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

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Property Insight Report

Overview

This exceptional investment opportunity presents a fully leased six-unit brick building located at 1863 Green Lane N, Palatine, Illinois. The property boasts a substantial 5,004 square feet of space, offering significant rental income potential. The building has recently undergone key improvements, including a brand new roof, ensuring long-term structural integrity and minimizing future maintenance costs. Interior updates include modern kitchen cabinets and attractive laminated flooring throughout the units, enhancing the appeal to tenants and maximizing rental rates. The building's strong financial performance is further supported by the fact that tenants are responsible for their own heating and electricity expenses, reducing the owner's operational burden. This six-unit property is a turnkey investment, ideal for a passive income strategy. Its prime location in Palatine, Illinois, offers easy access to local amenities, transportation, and a strong rental market. The building's excellent condition, coupled with its strong tenant occupancy and low maintenance requirements, makes this a truly compelling investment opportunity. The asking price of $875,000 reflects the property's exceptional value and potential for strong returns. Don't miss this chance to acquire a high-performing, low-maintenance income-generating asset in a desirable location. Serious inquiries only.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Palatine
County
Cook
State
Illinois
Longitude
-88.01546
Latitude
42.14455

FAQs

What type of property is this?
Commercial real estate - High-Yield Six-Unit Building, Fully Leased
Where is this commercial real estate located?
The property is located at 1863 Green Ln Palatine, IL.
What is the asking price?
The asking price for this property is $875,000.
More about this property
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