Palatine, IL 60067 111 E Palatine Road

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Presented By: Coldwell Banker Realty
  • MLS# 12042514
  • 04/29/2024
  • Request Tour
  • Request Info
  • Beds • 5
  • Full/Half Baths • 3 / 1
  • SQFT • 2,350
  • Garage • 3

Home Details

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 1600 per month. Main Level: 3 bed / 1 bath unit offered at 1900 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
Presented By: Coldwell Banker Realty

Interior Features for 111 E Palatine Road

Bedrooms

Bedrooms Possible5
Total Bedrooms5

Bathrooms

Full Baths Building2
Half Baths Building1
Total Baths3

Other Interior Features

BasementPartially Finished, Partial
Total Number of Units2

General for 111 E Palatine Road

CityPalatine
Construction MaterialsAluminum Siding
CountyCook
DirectionsPalatine Road to 111 East Palatine
Elementary SchoolGray M Sanborn Elementary School
Elementary School District15
Garage Spaces3
Gross Income38800
HeatingNatural Gas, Forced Air
High SchoolPalatine High School
High School District211
MLS AreaPalatine
Middle/Junior High SchoolSandburg Elementary School
Middle/Junior School District152
Net Operating Income27390
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount12029
Tax Year2022
Total Rooms12
TownshipPalatine
Waterfront Y/NNo
Year Built1920

Exterior for 111 E Palatine Road

Exterior AmenitiesDog Run, Fire Pit
Lot Dimensions15480
Lot FeaturesCommon Grounds, Irregular Lot
Lot Size Acres0
Parking FeaturesOn Site, Garage Owned, Detached, Off Street, Side Apron, Owned, Garage
Total Parking9
Water SourcePublic

Additional Details

Price History

Schools

Elementary School Gray M Sanborn Elementary School
High School Palatine High School
Middle School Sandburg Elementary School

Client Care

Price $515,000
MLS#12042514
List Date 04/29/2024
Property Type Multi-Family
Phone 847.485.2500
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