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    Palatine, IL Multifamily Properties for Sale

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    Palatine Condo Deconversion Opportunity
    $20,000,000
    112,000 SF

    Palatine Condo Deconversion Opportunity

    140 W Wood St, Palatine, IL 60067

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

    • Prime location in the heart of downtown Palatine, steps from the Metra train line, providing easy access to Chicago and local amenities.
    • Significant value‑add opportunities through strategic unit rehabilitation to achieve market rents (over $2.00 per foot).
    • Potential for reduced operating expenses by replacing the centralized boiler and chiller system with individual HVAC units.
    • Opportunity to develop a portion of the large, over‑parked lot while retaining necessary parking spaces.
    • Existing building amenities include a pool, gym, and storage lockers, with additional space available for upgrades.
    Updated: Nov 21, 2025
    View details
    Based on your search, we've compiled 175 Potential Opportunities for your consideration. Besides 1 Active listings in Palatine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 166 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lake Zurich Multifamily Investment Opportunity
    $1,499,999

    Lake Zurich Multifamily Investment Opportunity

    Rebuilt duplex with lake views, steps from downtown Lake Zurich.

    217 W Main Street, Lake Zurich, IL 60047
    View details
    Northbrook Multifamily Investment Opportunity
    $1,250,000

    Northbrook Multifamily Investment Opportunity

    Well-maintained 6-unit building in prime Northbrook location.

    3404 Salem walk, Northbrook, IL 60062
    View details
    Lake Zurich Redevelopment Opportunity
    $1,400,000
    6,259 SF

    Lake Zurich Redevelopment Opportunity

    Prime 1.45-acre site with mixed-use building for redevelopment.

    898 S Rand Road, Lake Zurich, IL 60047
    View details
    Mixed-Use Property with Diversified Income
    Contact for pricing
    57,456 SF

    Mixed-Use Property with Diversified Income

    57,456 SF mixed-use property with long-term tenants.

    1310 Shermer Rd, Northbrook, IL 60062
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    Waterfront Land on Fish Lake
    $550,000
    4.00 Acres

    Waterfront Land on Fish Lake

    4+ acres of waterfront property on crystal-clear Fish Lake.

    W12381 COUNTY ROAD GG, Hancock, WI 54943
    View details
    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres

    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877
    View details

    Explore Off-Market Properties in Palatine, IL

    Consider similar Off-Market properties in Palatine, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    153 Sherman St

    153 Sherman St

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,549 SF
    Value Estimation
    $665,000
    153 Sherman St, Palatine, IL 60067-3559
    View details
    821 Lilly Ln

    821 Lilly Ln

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,638 SF
    Value Estimation
    $600,000
    821 Lilly Ln, Palatine, IL 60074-0903
    View details
    409 Cambridge Dr, Unit 15

    409 Cambridge Dr, Unit 15

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,533 SF
    Value Estimation
    $600,000
    409 Cambridge Dr, Palatine, IL 60067-2359
    View details
    409 15th N Lk Shr

    409 15th N Lk Shr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,230 SF
    Value Estimation
    $575,000
    409 15th N Lk Shr, Palatine, IL 60067
    View details
    425 Cambridge Dr

    425 Cambridge Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,480 SF
    Value Estimation by Request
    425 Cambridge Dr, Palatine, IL 60067-2365
    View details
    105 Snw Hwy

    105 Snw Hwy

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,932 SF
    Value Estimation by Request
    105 Snw Hwy, Palatine, IL 60074-6232
    View details
    2239 Rand Rd, Unit 51

    2239 Rand Rd, Unit 51

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,956 SF
    Value Estimation
    $1,630,000
    2239 Rand Rd, Palatine, IL 60074-2350
    View details
    830 Capri Dr

    830 Capri Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,687 SF
    Value Estimation
    $655,000
    830 Capri Dr, Palatine, IL 60074-0908
    View details
    43 Hale St

    43 Hale St

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,295 SF
    Value Estimation by Request
    43 Hale St, Palatine, IL 60067-5240
    View details
    237 Plum Grv Rd

    237 Plum Grv Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,638 SF
    Value Estimation
    $505,000
    237 Plum Grv Rd, Palatine, IL 60067-5270
    View details
    103 Plum Grv Rd

    103 Plum Grv Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,868 SF
    Value Estimation by Request
    103 Plum Grv Rd, Palatine, IL 60067-6244
    View details
    780 Dundee Rd, Unit 1

    780 Dundee Rd, Unit 1

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,826 SF
    Value Estimation by Request
    780 Dundee Rd, Palatine, IL 60074-0714
    View details
    305 Palatine Rd

    305 Palatine Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,288 SF
    Value Estimation by Request
    305 Palatine Rd, Palatine, IL 60067-4923
    View details
    440 Cambridge Dr

    440 Cambridge Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,328 SF
    Value Estimation
    $745,000
    440 Cambridge Dr, Palatine, IL 60067-2364
    View details
    240 Palatine Rd, Unit 2

    240 Palatine Rd, Unit 2

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,992 SF
    Value Estimation
    $605,000
    240 Palatine Rd, Palatine, IL 60067-5123
    View details
    125 Dundee Rd

    125 Dundee Rd

    GARDEN APT, COURT APT (5+ UNITS) • 9.31 Acres
    Value Estimation
    $36,125,000
    125 Dundee Rd, Palatine, IL 60074-2644
    View details
    488 94th N Lk Shr

    488 94th N Lk Shr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,533 SF
    Value Estimation
    $2,390,000
    488 94th N Lk Shr, Palatine, IL 60067
    View details
    496 2nd N Lk Shr

    496 2nd N Lk Shr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,533 SF
    Value Estimation
    $2,400,000
    496 2nd N Lk Shr, Palatine, IL 60067
    View details
    424 30th N Lk Shr

    424 30th N Lk Shr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,533 SF
    Value Estimation
    $2,390,000
    424 30th N Lk Shr, Palatine, IL 60067
    View details
    49 Slade St

    49 Slade St

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,480 SF
    Value Estimation
    $575,000
    49 Slade St, Palatine, IL 60067-0415
    View details
    128 Wood St

    128 Wood St

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,541 SF
    Value Estimation by Request
    128 Wood St, Palatine, IL 60067-5256
    View details
    424 Cambridge Dr

    424 Cambridge Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,337 SF
    Value Estimation
    $790,000
    424 Cambridge Dr, Palatine, IL 60067-2364
    View details
    214 Bothwell St

    214 Bothwell St

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,060 SF
    Value Estimation by Request
    214 Bothwell St, Palatine, IL 60067-5006
    View details

    Palatine, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 167 multifamily properties for sale in Palatine, IL on our real estate platform. These investment opportunities span a total of 722,116 square feet of properties for sale, with an estimated market value of $38,525,000.

    Sale prices for multifamily properties in Palatine, IL start at $110,000, averaging $575,000, and reaching up to $2,555,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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