111 Palatine Rd Palatine, IL 60067
- Commercial real estate
- 2,546 SF
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 111 Palatine Rd
- Year built
- 1918
- Lot size
- 0.36 lot acres
- Property size
- 2,546 SF
- Property type
- Commercial real estate
- APN
- 02-23-101-002-0000
Description
This exceptional two-unit apartment building, located at 111 E Palatine Rd in Palatine, IL 60067, presents a compelling investment opportunity. The property, built in 1918, sits on a 0.36-acre lot and boasts a total of 2,546 square feet across three stories. The building features two units: a two-bedroom, one-bathroom unit currently renting for $1,450 per month and a three-bedroom, one-bathroom unit renting for $1,875 per month. The unfinished basement includes a bathroom and storage, offering potential for future development and increased rental income. Recent upgrades include a brand-new roof, plumbing, and mechanical systems (HVAC and electrical), ensuring low maintenance costs for the owner. The parking lot has also been recently resurfaced. The property is zoned R-2 and benefits from its convenient location within walking distance of a Jewel grocery store, train station, and aquatic center, as well as being situated in a highly-regarded school district. This property is ideal for an investor seeking a strong cash flow and potential for future appreciation. The Cook County APN is 02-23-101-002-0000. The asking price is $525,000.
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
- -88.0408857
- Latitude
- 42.110079
