1875 N Green Lane N, Palatine, IL 60074

Building Details

Year Built

1985

Listing office American International Realty r***@gmail.com Show Phone

Listing date Jun 17, 2026

Source Crexi

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

All listing content including descriptions, pricing, images are the copyrighted material of American International Realty

Report an issue

---

Overview

This multifamily apartment building offers a mix of spacious 3-2 bedroom and 3-1 bedroom units, and each unit includes a balcony. The offering also notes that the units are “always rented,” supporting a steady occupancy profile. Yearly income is listed at $73,000, with an annual “other expense” of $3,800 attributed to property-level landscaping, snow removal, scavenger service, and parking lot maintenance.

The property is described as having plenty of parking and landscaped, green areas around the building. It is located at 1875 N Green Lane N in Palatine, Illinois.

For investors and buyers seeking a residential income property with larger unit layouts and balconies, this building presents a straightforward configuration: all stated units are rented, and exterior upkeep is tied to the provided other expense line item. With parking and recurring grounds and maintenance services accounted for, the property may be well-suited to operators looking for a managed, community-oriented asset in a garden-style setting.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Palatine

County

Cook

State

Illinois

Longitude

-88.015498

Latitude

42.1449125

Nearby Similar for Sale

• 

  $999,000

  Multifamily Apartment Building with Balconies

  Spacious 2- and 1-bath units with balconies, with association-managed site services and plenty of parking.

  1875 N Green Lane N, Palatine, IL 60074

  View Details
• 

  $325,000

  Brick Office Building with Four Suites

  Own a low-maintenance brick office building with four suites, shared common-area restrooms, and ample parking.

  502 N Plum Grove Road, Palatine, IL 60067

  View Details
• 

  $1,275,000

  5,323 SF

  Palatine Retail Space For Sale

  Retail space in Palatine, Illinois, available for purchase.

  1131 East Dundee Road, Palatine, IL, 60074

  View Details
• 

  $2,500,000

  21,500 SF

  Iconic Palatine Commercial Redevelopment Opportunity

  21,500 SF building with redevelopment potential in downtown Palatine.

  180 N Smith St, Palatine, IL

  View Details
• 

  $549,900

  3,500 SF

  Versatile Commercial Warehouse on Corner

  3,500 SF commercial warehouse on high-traffic corner location.

  640 E Northwest Highway, Palatine, IL 60074

  View Details
• 

  $7,775,000

  5,938 SF

  New Gas Station Ground Lease

  Brand new gas and convenience store with a long-term lease.

  20227 N Rand Rd, Palatine, IL

  View Details
• 

  $350,000

  3,000 SF

  Free-Standing Building in Palatine

  3,000 SF building in high-traffic Palatine location.

  205 Hicks Pl, Palatine, IL

  View Details
• 

  $350,000

  3,000 SF

  Storefront properties

  204 N Hicks Pl. , Palatine, IL 60067

  View Details
• 

  $3,110,000

  5,250 SF

  Storefront Medical Center

  For sale medical center property at 960 E Dundee Rd in Palatine, providing a dedicated healthcare-ready retail-style setting.

  960 E DUNDEE RD, PALATINE, IL 60074

  View Details
• 

  $4,300,000

  3,010 SF

  Palatine Retail Building For Sale

  3,010 SF building on 0.79 acre site for sale.

  404 E Palatine Rd, Palatine, IL

  View Details
• 

  $5,395,000

  37,890 SF

  Palatine Mixed-Use Multi-Tenant Building

  Architecturally distinct mixed-use building in downtown Palatine with Metra access.

  110 N Brockway St, Palatine, IL 60067

  View Details
• 

  $20,000,000

  112,000 SF

  Palatine Condo Deconversion Opportunity

  132-unit condo deconversion opportunity in downtown Palatine, Illinois.

  140 W Wood St, Palatine, IL 60067

  View Details

FAQs

What type of property is this?

Apartment building - Spacious 3- and 4-bedroom-style units with balconies, supported by on-site parking and shared exterior maintenance expenses.

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: Year built: 1985; Yearly income reported as $73,000; On‑site parking plus shared exterior maintenance covered by HOA/other expenses of $3,800 per year