Search
Brick Multifamily Building with Balconies
For Sale
Under Contract
$999,000

1875 N Green Lane N, Palatine, IL 60074

MULTI_FAMILY - Palatine, IL

Property SizeContact for details
Lot Size0.06 Acres
Days on Market53

Property Features for 1875 N Green Lane N

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 9
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 7, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 6, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 9, Bedroom 4
Directions N of Dundee Rd, E of North Rand Road
Subdivision Palatine
Standard status Active Under Contract
APN 02013020420000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 15194

Amenities

balconies

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 Changed: Aug 1 Last Checked: Aug 8 at 11:06AM
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.

Brick apartment building built in 1985, offered with balcony units. The property features spacious combinations of three bedrooms paired with either two bathrooms or one bathroom, and the units are described as currently rented. Outdoor areas include green space surrounding the property, along with ample on-site parking.

Located in Palatine, Illinois (Cook County). The property is identified with zoning “MULTI” and sits on a 0.06-acre lot. Additional recurring site services referenced include landscaping, snow removal, scavenger, and parking lot maintenance.

The layout includes multiple bedroom and bathroom counts across the residence units, supporting a tenant mix centered on three-bedroom floorplans with balconies and parking convenience.

Key Highlights

  • Brick apartment building built in 1985
  • 0.06‑acre lot
  • Zoned MULTI

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Barber Shop (Bike/Boat/Book/etc) Store Acupuncture Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

766
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Brick apartment building on a small lot, built in 1985, with balcony units and ample on-site 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 apartment building built in 1985; 0.06‑acre lot; Zoned MULTI
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message