Property profile

410 Palatine Rd Palatine, IL 60074

OFF-MARKET
Residential income homes
Property ID
US28-0130103
2,000 SF 0.17 ac lot Built 1954
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Palatine property presents a unique mixed-use investment opportunity. Located at the highly visible northeast corner of Palatine Road and Northwest Highway, this free-standing building offers approximately 2,040 square feet of versatile space. The property features a 1,000 square foot storefront, ideal for retail, office, or showroom use, combined with a remodeled 950 square foot, two-bedroom ranch-style residential unit in the rear. The residential unit boasts a private entrance, a cherrywood kitchen with granite countertops and stainless steel appliances, hardwood floors, and a full finished attic with pull-down stairs, providing additional storage. The property benefits from significant recent upgrades, including a new roof (2023), newer windows, updated zoned systems, and a new asphalt parking lot (2022), accommodating 12 vehicles. Energy-efficient ComEd interior and exterior lighting further enhances operational efficiency. The residential component contributes to exceptionally low property taxes. The entire building is zoned B-1, allowing for potential expansion of business operations into the residential space, subject to village code requirements and restrictions. 24-hour notice is required for showings to avoid disturbing occupants.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1954
Construction FRAME
Total area 2,000 SF
Lot 0.17 ac (7,500 SF)
APN 02-14-408-011
UPID US28-0130103

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

410 Palatine Rd Palatine, IL 60074-5119
Palatine metro Census 803800 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2019
3 recorded transactions
2019
$7.0M
2005
$369,000
2001
$148,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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