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Phi Group

hello@phiestate.com +1(224) 633-2001

$ 525,000

Est. payment -/mo

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Active Under Contract

111 E Palatine RD Palatine, IL 60067

5 Beds

UPDATED:

10/07/2024 04:02 AM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12042514

Bedrooms 5

Year Built 1920

Annual Tax Amount $12,029

Tax Year 2022

Lot Dimensions 15480

Property Description

Prime Multi-Family/Residential Rental Property in Palatine, IL Welcome to 111 E Palatine Rd, an exceptional commercial property offering unparalleled opportunities for businesses in Palatine, IL. Boasting a range of recent upgrades and a strategic location within walking distance to essential amenities, this property is ready to accommodate a variety of ventures seeking a prime location and modern amenities. Location: 111 E. Palatine Rd Palatine, Illinois 60067 Unit Configuration: Top Floor: 2 bed / 1 bath unit available for $1,450 per month. Main Level: 3 bed / 1 bath unit offered at $1,875 per month. Basement: Unfinished basement with bathroom and storage space, offering potential for additional income with the addition of a unit. Key Features: Brand New Roof: This property features a brand-new roof, providing enhanced durability and protection against the elements for years to come. Brand New Plumbing: Enjoy the peace of mind of having brand-new plumbing systems installed throughout the property, ensuring optimal functionality and efficiency. New Mechanicals: With new mechanical systems in place, including HVAC and electrical, tenants can expect reliable performance and reduced maintenance costs. Newly Resurfaced Parking Lot: The parking lot has been freshly resurfaced, offering ample space for customers and employees and enhancing the property's curb appeal. Convenient Location: Situated in the heart of Palatine, this property enjoys excellent visibility and accessibility. Within walking distance, tenants have access to essential amenities, including: Jewel grocery store Train station Aquatic center Great School District: Located within a highly regarded school district, tenants at 111 E Palatine Rd benefit from access to quality education, making it an attractive location for families and employees alike. Opportunity Awaits: Whether you're looking to start a new business, expand your operations, or invest in commercial real estate, 111 E Palatine Rd presents an exciting opportunity to establish your presence in a thriving market. With its recent upgrades, strategic location, and potential for additional rental income, this property is primed for success. Schedule a Viewing: Don't miss out on this exceptional opportunity to lease or own a premium commercial property in Palatine. Contact us today to schedule a viewing and discover the endless possibilities that await at 111 E Palatine Rd

Location

State IL

County Cook

Area Palatine

Rooms

Basement Partial

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Exterior Feature Dog Run, Storms/Screens, Fire Pit

Garage Detached

Garage Spaces 3.0

Waterfront false

Roof Type Asphalt

Parking Type Off Street, Side Apron

Building

Lot Description Common Grounds, Fenced Yard, Irregular Lot, Wood Fence

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Gray M Sanborn Elementary School

Middle Schools Walter R Sundling Junior High Sc

High Schools Palatine High School

School District 15 , 15, 211

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Rocco Zaccaro • Coldwell Banker Realty

Phi Group

group

+1(224) 633-2001

Phi Group

111 E Palatine RD Palatine, IL 60067

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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111 E Palatine RD