Palatine, IL Multifamily Properties for Sale

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Updated: Oct 1

Mixed-Use Building with Apartments

552 E Northwest Highway, Palatine, IL 60074

$850,000

0.17 AC lot

5,000 SF of first‑floor commercial space with two office areas and a rear dock door
Two remodeled apartments: approximately 1,500 SF with 3 bedrooms and 1,200 SF with 2 bedrooms
127' of frontage along Northwest Highway
Parking for 6 vehicles in front and 8 or more in back
2.5‑car garage; five furnaces, five A/C units, and three water meters

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Updated: Oct 2

Mixed-Use Building with Apartments

552 E Northwest Hwy, Palatine, IL 60074

$850,000

7,000 sqft

Two apartments: three bedrooms at approximately 1,500 SF and two bedrooms at approximately 1,200 SF
5,000 SF of first‑floor retail and office space divided into two business spaces
127' of frontage on Northwest Hwy
Parking for 6 vehicles in front and 8 or more in back
Rear dock door for deliveries and a 2.5‑car garage

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Palatine Condo Deconversion Opportunity

140 W Wood St, Palatine, IL 60067

$20,000,000

112,000 sqft

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

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Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

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Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 3 Active listings in Palatine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Updated Duplex in Desirable Location

1426 Chippewa Trail, Wheeling, IL 60090

$380,000

1,984 sqft

Spacious, updated 4-bedroom duplex with modern amenities and convenient location.

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Sandpebble Walk Condo with Balcony

1550 Sandpebble Drive #307, Wheeling, IL 60090

$215,000

1,280 sqft

Spacious 2-bedroom condo with balcony and community amenities.

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Multifamily Portfolio with Renovation Upside

1000 Sarah Constant Ln., Schaumburg, IL 60194

Contact for pricing

15,300 sqft

Fully leased condominium-based rental portfolio with association-managed exteriors and a mix of one- and two-bedroom apartments.

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Commercial Land with Office Improvements

846 E. Algonquin Road, Schaumburg, IL 60173

Contact for pricing

Existing office improvements and B-3 zoning support evaluation of redevelopment and continued commercial use.

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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.

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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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.

GARDEN APT, COURT APT (5+ UNITS)

450 Palatine Rd, Palatine, IL 60067-4980

Estimated value:

$2,945,000

1.22 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

153 Sherman St, Palatine, IL 60067-3559

Estimated value:

$665,000

2,549 sqft 0.31 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

821 Lilly Ln, Palatine, IL 60074-0903

Estimated value:

$600,000

4,638 sqft 0.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

409 Cambridge Dr, Palatine, IL 60067-2359

Unit 15

Estimated value:

$600,000

4,533 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

409 15th N Lk Shr, Palatine, IL 60067

Estimated value:

$575,000

4,230 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

425 Cambridge Dr, Palatine, IL 60067-2365

Estimated value:

$210,000

4,480 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

105 Snw Hwy, Palatine, IL 60074-6232

Estimated value:

$250,000

2,932 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2239 Rand Rd, Palatine, IL 60074-2350

Unit 51

Estimated value:

$1,725,000

4,956 sqft 0.49 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

830 Capri Dr, Palatine, IL 60074-0908

Estimated value:

$670,000

4,687 sqft 0.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

43 Hale St, Palatine, IL 60067-5240

Estimated value:

$445,000

2,295 sqft 0.20 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

237 Plum Grv Rd, Palatine, IL 60067-5270

Estimated value:

$535,000

2,638 sqft 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

103 Plum Grv Rd, Palatine, IL 60067-6244

Estimated value:

$285,000

1,868 sqft 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

780 Dundee Rd, Palatine, IL 60074-0714

Unit 1

Estimated value:

$320,000

1,826 sqft 1.44 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

305 Palatine Rd, Palatine, IL 60067-4923

Estimated value:

$260,000

2,288 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

440 Cambridge Dr, Palatine, IL 60067-2364

Estimated value:

$745,000

4,328 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

240 Palatine Rd, Palatine, IL 60067-5123

Unit 2

Estimated value:

$690,000

2,992 sqft 0.20 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

125 Dundee Rd, Palatine, IL 60074-2644

Estimated value:

$36,125,000

9.31 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

488 94th N Lk Shr, Palatine, IL 60067

Estimated value:

$2,555,000

4,533 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

496 2nd N Lk Shr, Palatine, IL 60067

Estimated value:

$2,555,000

4,533 sqft 0.11 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

424 30th N Lk Shr, Palatine, IL 60067

Estimated value:

$2,555,000

4,533 sqft 0.11 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

49 Slade St, Palatine, IL 60067-0415

Estimated value:

$575,000

4,480 sqft 0.09 AC lot

View details

Palatine, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Palatine, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 119,000 square feet of properties for sale, with an estimated market value of $21,700,000.

Sale prices for multifamily properties in Palatine, IL start at $850,000, averaging $7,233,333, and reaching up to $20,000,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 74K

Population Growth (5Y) -4.1%

Median Household Income $102,227

College Educated 19.9%

High-Yield Neighborhoods for Investment

Identify Palatine submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60067	$20M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Palatine fall within the 100,000+ square foot range.

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Palatine, IL Multifamily Properties for Sale

552 E Northwest Highway, Palatine, IL 60074

552 E Northwest Hwy, Palatine, IL 60074

140 W Wood St, Palatine, IL 60067

Opportunities in Nearby Cities

1426 Chippewa Trail, Wheeling, IL 60090

1550 Sandpebble Drive #307, Wheeling, IL 60090

1000 Sarah Constant Ln., Schaumburg, IL 60194

846 E. Algonquin Road, Schaumburg, IL 60173

Potential Development Sites for Consideration

27 Oyster Bay, Lakemoor, IL 60051

Off-Market Properties in Palatine, IL

450 Palatine Rd, Palatine, IL 60067-4980

153 Sherman St, Palatine, IL 60067-3559

821 Lilly Ln, Palatine, IL 60074-0903

409 Cambridge Dr, Palatine, IL 60067-2359

409 15th N Lk Shr, Palatine, IL 60067

425 Cambridge Dr, Palatine, IL 60067-2365

105 Snw Hwy, Palatine, IL 60074-6232

2239 Rand Rd, Palatine, IL 60074-2350

830 Capri Dr, Palatine, IL 60074-0908

43 Hale St, Palatine, IL 60067-5240

237 Plum Grv Rd, Palatine, IL 60067-5270

103 Plum Grv Rd, Palatine, IL 60067-6244

780 Dundee Rd, Palatine, IL 60074-0714

305 Palatine Rd, Palatine, IL 60067-4923

440 Cambridge Dr, Palatine, IL 60067-2364

240 Palatine Rd, Palatine, IL 60067-5123

125 Dundee Rd, Palatine, IL 60074-2644

488 94th N Lk Shr, Palatine, IL 60067

496 2nd N Lk Shr, Palatine, IL 60067

424 30th N Lk Shr, Palatine, IL 60067

49 Slade St, Palatine, IL 60067-0415

Palatine, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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