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Apartment Building with Common Laundry
For Sale
$1,200,000

411 N Hicks Road, Palatine, IL 60067

Eight one-bedroom apartments with shared laundry facilities, storage cages, and parking in a mixed-use Palatine setting.

Property SizeContact for details
Days on Market20

Property Features for 411 N Hicks Road

General Information

Standard status Active
Property subtype Commercial

Units

Unit Mix 8 x 1BR
Multifamily Units 8

Additional Details

Average Monthly Rent $1,300
Public Transit Yes

Taxes and HOA fees

Annual Taxes $13,303

Amenities

common laundry
storage cages

Building Details

Year Built 1960
Stories 3
Units 8
Listing Agency: Berkshire Hathaway HomeServices Starck Real Estate
Listed By: Dina Wasmund
Source: Midwestrealestate
Added: Aug 11 Changed: Aug 29 Last Checked: Aug 22 at 11:04AM

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 Berkshire Hathaway HomeServices Starck Real Estate

Investment Insights

Based on property information with market context.

Built in 1960, this multifamily property contains 8 one-bedroom apartments supported by shared laundry facilities, storage cages, and substantial parking. The unit configuration offers a consistent residential layout within an established apartment building.

The property is positioned in an area where commercial and residential buildings are interspersed. Shopping, downtown Palatine, and the train station are all identified as accessible from the property, adding practical connectivity for residents.

Key Highlights

  • 8 one‑bedroom apartment units
  • Common laundry facilities
  • Storage cages included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Bakery Auto Parts Store Hotel & Motel Travel Agency

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,127
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight one-bedroom apartments with shared laundry facilities, storage cages, and parking in a mixed-use Palatine setting.
Where is this apartment building located?
The property is located at 411 N Hicks Road Palatine, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8 one‑bedroom apartment units; Common laundry facilities; Storage cages included
More about this property
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