1863 Green Ln Palatine, IL 60074
- Commercial real estate
- 5,004 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1863 Green Ln
- Year built
- 1985
- Property size
- 5,004 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully leased six-unit brick building located at 1863 Green Lane N, Palatine, Illinois. The property boasts a substantial 5,004 square feet of space, offering significant rental income potential. The building has recently undergone key improvements, including a brand new roof, ensuring long-term structural integrity and minimizing future maintenance costs. Interior updates include modern kitchen cabinets and attractive laminated flooring throughout the units, enhancing the appeal to tenants and maximizing rental rates. The building's strong financial performance is further supported by the fact that tenants are responsible for their own heating and electricity expenses, reducing the owner's operational burden. This six-unit property is a turnkey investment, ideal for a passive income strategy. Its prime location in Palatine, Illinois, offers easy access to local amenities, transportation, and a strong rental market. The building's excellent condition, coupled with its strong tenant occupancy and low maintenance requirements, makes this a truly compelling investment opportunity. The asking price of $875,000 reflects the property's exceptional value and potential for strong returns. Don't miss this chance to acquire a high-performing, low-maintenance income-generating asset in a desirable location. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Cook
- State
- Illinois
- Longitude
- -88.01546
- Latitude
- 42.14455
