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    OFF-MARKET
    Residential income homes

    410 Palatine Rd, Palatine, IL 60074-5119

    2,000 SF 0.17 ac lot Built 1954
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US28-0130103
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Minoos Beauty Salon - An Aveda Salon Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Deshe At Platine LLC · 6 yrs held
    Deshe At Platine LLC
    since 2019
    3 recorded transactions
    2019
    $7.0M
    2005
    $369,000
    2001
    $148,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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