Garden-Style Multifamily Building with
For Sale
Contact for pricing
Pending
1875 N Green Lane N, Palatine, IL 60074
Spacious 3- and 4-bedroom-style units with balconies, supported by on-site parking and shared exterior maintenance expenses.
Property SizeContact for details
Days on Market56
Property Features for 1875 N Green Lane N
General Information
Standard status
Pending
Property subtype
Multifamily
Zoning
MULTI
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Year Built
1985
Stories
3
Units
6
Tenancy
Multi
Listing Agency:
American International Realty
(773) 509-9493
Listed By:
Rony Khezeran · License #IL 471005867
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Jul 25 at 6:14AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 60074, IL
37,705
Population
14,953
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
85%
High-School Grad
7.1 sq mi
ZIP Area
5,311
Density / Sq Mi
$81,911
Median Household Income
$45,217
Median Earnings
$1,429
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
