1947 Green Ln Palatine, IL 60074
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1947 Green Ln
- Year built
- 1978
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully rented, six-unit commercial building situated on a prime corner lot in Palatine, Illinois. The property boasts five spacious two-bedroom units and one one-bedroom unit, all recently updated with brand new bathrooms. The building itself is a well-maintained masonry structure featuring a newer roof, ensuring long-term durability and minimizing maintenance costs. The attractive exterior and common areas are meticulously managed by the homeowner's association, which also handles lawn care and snow removal, providing peace of mind for the owner. Tenants are responsible for their own heat and electricity, further enhancing the property's profitability. Its convenient location offers easy access to major shopping centers and the vital Highway 53, making it highly desirable for renters. The surrounding area is also known for its excellent schools, contributing to a strong rental market and consistent occupancy. This turnkey investment property offers a significant opportunity for immediate positive cash flow and long-term appreciation. The building's strong tenant base and low maintenance requirements make it an ideal addition to any investment portfolio. The property is ready for immediate ownership and offers a rare chance to acquire a well-maintained, high-performing commercial building in a desirable location.
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
- -88.01578
- Latitude
- 42.14587
