111 Palatine RdPalatine, IL 60067

Property Details for 111 Palatine Rd

Year built

1918

Lot size

0.36 AC

Property size (Sq ft)

2,546 SF

Property type

Apartment buildings

Description

This exceptional two-unit apartment building, located at 111 E Palatine Rd in Palatine, IL 60067, presents a compelling investment opportunity. The property, built in 1918, sits on a 0.36-acre lot and boasts a total of 2,546 square feet across three stories. The building features two units: a two-bedroom, one-bathroom unit currently renting for $1,450 per month and a three-bedroom, one-bathroom unit renting for $1,875 per month. The unfinished basement includes a bathroom and storage, offering potential for future development and increased rental income. Recent upgrades include a brand-new roof, plumbing, and mechanical systems (HVAC and electrical), ensuring low maintenance costs for the owner. The parking lot has also been recently resurfaced. The property is zoned R-2 and benefits from its convenient location within walking distance of a Jewel grocery store, train station, and aquatic center, as well as being situated in a highly-regarded school district. This property is ideal for an investor seeking a strong cash flow and potential for future appreciation. The Cook County APN is 02-23-101-002-0000. The asking price is $525,000.

Location Insight

City

Palatine

County

Cook

State

Illinois

Latitude

42.1101

Longitude

-88.0409

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