Remodeled 6-Unit Apartment
For Sale
$1,400,000
224 East Rimini Court, Palatine, IL 60067
Updated residences include private balconies, individual climate control, and dedicated basement storage.
Property SizeContact for details
Days on Market193
Property Features for 224 East Rimini Court
General Information
Standard status
Active
Property subtype
Multi Family 5+ / Multi Family 5+-Other
Zoning
MULTI
Net Operating Income
$117,050
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$16,360
Amenities
private balcony
secure intercom system
individual basement storage units
central heating and air conditioning
Building Details
Year Built
1984
Buildings
1
Stories
3
Listing Agency:
Coldwell Banker Realty
(630) 965-7328
Listed By:
Galya Georgieva · License #475131700
(630) 965-7328
Source:
Compass
Added: Feb 19
Changed: Aug 30
Last Checked: Aug 30 at 7:09PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains six two-bedroom, one-bathroom residences. The units have been fully updated with renovated kitchens and bathrooms, newer flooring, and replaced appliances. Each residence has its own central heating and air conditioning, along with a private balcony oriented toward the wooded area behind the property. Individual basement storage units are also provided.
Property improvements include a newer roof, replacement windows, sliding doors, and a secure intercom system. Built in 1984 and zoned MULTI, the building is positioned near schools, shopping, transportation, and parks in Palatine. A second property at 228 Rimini Ct. is also offered for sale, creating the potential to assemble a 12-unit investment when purchased together.
Property improvements include a newer roof, replacement windows, sliding doors, and a secure intercom system. Built in 1984 and zoned MULTI, the building is positioned near schools, shopping, transportation, and parks in Palatine. A second property at 228 Rimini Ct. is also offered for sale, creating the potential to assemble a 12-unit investment when purchased together.
Key Highlights
- 6‑unit apartment building with six 2‑bedroom, 1‑bathroom residences
- Fully remodeled units with updated kitchens, bathrooms, flooring, and appliances
- Private balconies face a wooded area at the rear of the property
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Explore this area
Business Placement
Demographics for 60067, IL
39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated residences include private balconies, individual climate control, and dedicated basement storage.
Where is this apartment building located?
The property is located at 224 East Rimini Court Palatine, IL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6‑unit apartment building with six 2‑bedroom, 1‑bathroom residences; Fully remodeled units with updated kitchens, bathrooms, flooring, and appliances; Private balconies face a wooded area at the rear of the property
