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    Palatine, IL Residential Income Properties for Sale

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    Barrington, IL Deer Park, IL Rolling Meadows, IL
    Palatine Condo Deconversion Opportunity
    $20,000,000
    112,000 SF

    Palatine Condo Deconversion Opportunity

    140 W Wood St, Palatine, IL 60067

    132-unit condo deconversion opportunity in downtown Palatine, Illinois.

    • Prime location in the heart of downtown Palatine, steps from the Metra train line, providing easy access to Chicago and local amenities.
    • Significant value‑add opportunities through strategic unit rehabilitation to achieve market rents (over $2.00 per foot).
    • Potential for reduced operating expenses by replacing the centralized boiler and chiller system with individual HVAC units.
    • Opportunity to develop a portion of the large, over‑parked lot while retaining necessary parking spaces.
    • Existing building amenities include a pool, gym, and storage lockers, with additional space available for upgrades.
    Updated: Nov 21, 2025
    View details
    Based on your search, we've compiled 177 Potential Opportunities for your consideration. Besides 1 Active listings in Palatine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 168 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Investment Opportunity, Barrington, IL
    $999,000
    0.73 Acres

    Mixed-Use Investment Opportunity, Barrington, IL

    Mixed-use property near downtown Barrington with potential for residential conversion.

    215 S Northwest Highway, Barrington, IL 60010
    View details
    Lake Zurich Multi-Family Property
    $1,499,999

    Lake Zurich Multi-Family Property

    Rebuilt multi-family residence across from Lake Zurich promenade and marina.

    217 W Main Street, Lake Zurich, IL 60047
    View details
    Mixed-Use Building in Downtown Barrington
    $799,000
    2,000 SF

    Mixed-Use Building in Downtown Barrington

    Updated commercial space with residential apartments in downtown Barrington.

    320 E Main Street, Barrington, IL 60010
    View details
    Lake Zurich Redevelopment Opportunity
    $1,400,000
    6,259 SF

    Lake Zurich Redevelopment Opportunity

    Prime 1.45-acre site with mixed-use building for redevelopment.

    898 S Rand Road, Lake Zurich, IL 60047
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Palatine Land Opportunity
    $1,299,995
    1.20 Acres

    Prime Palatine Land Opportunity

    Large corner parcel suitable for residential development in Palatine, IL.

    712-724 S Plum Grove Road, Palatine, IL 60067
    View details
    Wooded Lot Near Forest Preserve
    $150,000
    0.39 Acres

    Wooded Lot Near Forest Preserve

    Residential land for building a single-family home.

    1309 W Dundee Road, Palatine, IL 60074
    View details
    Palatine Land Near Train Station
    $500,000
    1.00 Acre

    Palatine Land Near Train Station

    Two buildable lots near train, expressways, airport, and shopping.

    628 S WILKE Road, Palatine, IL 60074
    View details
    Inverness Land with Lake View
    $490,000
    1.09 Acres

    Inverness Land with Lake View

    Premium 1-acre lot with lake view in Braymore Hills.

    1340 Macalpin Drive lot: 17, Inverness, IL 60010
    View details

    Off-Market Properties in Palatine, IL

    Consider similar Off-Market properties in Palatine, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    450 Palatine Rd

    450 Palatine Rd

    GARDEN APT, COURT APT (5+ UNITS) • 1.22 Acres
    Value Estimation
    $2,945,000
    450 Palatine Rd, Palatine, IL 60067-4980
    View details
    153 Sherman St

    153 Sherman St

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,549 SF
    Value Estimation
    $665,000
    153 Sherman St, Palatine, IL 60067-3559
    View details
    821 Lilly Ln

    821 Lilly Ln

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,638 SF
    Value Estimation
    $600,000
    821 Lilly Ln, Palatine, IL 60074-0903
    View details
    409 Cambridge Dr, Unit 15

    409 Cambridge Dr, Unit 15

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,533 SF
    Value Estimation
    $600,000
    409 Cambridge Dr, Palatine, IL 60067-2359
    View details
    409 15th N Lk Shr

    409 15th N Lk Shr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,230 SF
    Value Estimation
    $575,000
    409 15th N Lk Shr, Palatine, IL 60067
    View details
    425 Cambridge Dr

    425 Cambridge Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,480 SF
    Value Estimation by Request
    425 Cambridge Dr, Palatine, IL 60067-2365
    View details
    105 Snw Hwy

    105 Snw Hwy

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,932 SF
    Value Estimation by Request
    105 Snw Hwy, Palatine, IL 60074-6232
    View details
    2239 Rand Rd, Unit 51

    2239 Rand Rd, Unit 51

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,956 SF
    Value Estimation
    $1,630,000
    2239 Rand Rd, Palatine, IL 60074-2350
    View details
    830 Capri Dr

    830 Capri Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,687 SF
    Value Estimation
    $655,000
    830 Capri Dr, Palatine, IL 60074-0908
    View details
    43 Hale St

    43 Hale St

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,295 SF
    Value Estimation by Request
    43 Hale St, Palatine, IL 60067-5240
    View details
    237 Plum Grv Rd

    237 Plum Grv Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,638 SF
    Value Estimation
    $505,000
    237 Plum Grv Rd, Palatine, IL 60067-5270
    View details
    103 Plum Grv Rd

    103 Plum Grv Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,868 SF
    Value Estimation by Request
    103 Plum Grv Rd, Palatine, IL 60067-6244
    View details
    780 Dundee Rd, Unit 1

    780 Dundee Rd, Unit 1

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,826 SF
    Value Estimation by Request
    780 Dundee Rd, Palatine, IL 60074-0714
    View details
    305 Palatine Rd

    305 Palatine Rd

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,288 SF
    Value Estimation by Request
    305 Palatine Rd, Palatine, IL 60067-4923
    View details
    440 Cambridge Dr

    440 Cambridge Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,328 SF
    Value Estimation
    $745,000
    440 Cambridge Dr, Palatine, IL 60067-2364
    View details
    240 Palatine Rd, Unit 2

    240 Palatine Rd, Unit 2

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,992 SF
    Value Estimation
    $605,000
    240 Palatine Rd, Palatine, IL 60067-5123
    View details
    125 Dundee Rd

    125 Dundee Rd

    GARDEN APT, COURT APT (5+ UNITS) • 9.31 Acres
    Value Estimation
    $36,125,000
    125 Dundee Rd, Palatine, IL 60074-2644
    View details
    488 94th N Lk Shr

    488 94th N Lk Shr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,533 SF
    Value Estimation
    $2,390,000
    488 94th N Lk Shr, Palatine, IL 60067
    View details
    496 2nd N Lk Shr

    496 2nd N Lk Shr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,533 SF
    Value Estimation
    $2,400,000
    496 2nd N Lk Shr, Palatine, IL 60067
    View details
    424 30th N Lk Shr

    424 30th N Lk Shr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,533 SF
    Value Estimation
    $2,390,000
    424 30th N Lk Shr, Palatine, IL 60067
    View details
    49 Slade St

    49 Slade St

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,480 SF
    Value Estimation
    $575,000
    49 Slade St, Palatine, IL 60067-0415
    View details
    128 Wood St

    128 Wood St

    APARTMENT HOUSE (UNDER 5 UNITS) • 1,541 SF
    Value Estimation by Request
    128 Wood St, Palatine, IL 60067-5256
    View details
    424 Cambridge Dr

    424 Cambridge Dr

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,337 SF
    Value Estimation
    $790,000
    424 Cambridge Dr, Palatine, IL 60067-2364
    View details

    Palatine, IL Residential Income Properties Investment Opportunities Market Analysis

    Explore 169 residential income properties for sale in Palatine, IL on our real estate platform. These investment opportunities span a total of 112,000 square feet of properties for sale, with an estimated market value of $20,000,000.

    Sale prices for residential income properties in Palatine, IL start at $20,000,000, averaging $20,000,000, and reaching up to $20,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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