111 E Palatine Rd - Multi-Family FOR SALE


Palatine, IL 60067
$525,000 USD
414-277-9500
111 E Palatine Rd, Palatine, IL for Sale
$525,000 USD
Multi-Family - FOR SALE
1/44
null | Request Cap Rate

111 E Palatine Rd
Palatine, IL 60067


HIGHLIGHTS

  • Great First Time Investment Opportuninty!
  • .36 Acres
  • Potential Redevelopment Opportunity for Correct Buyer

OVERVIEW

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. 630.207.4434-Rocco 414.736.4609-Arthur 630.333.3560-Anthony

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

2

PRICE/UNIT

$262,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duplex - Value Add

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-2

APN/PARCEL ID

02-23-101-002-0000

ASK ABOUT THIS PROPERTY

Arthur FedotovColdwell Banker CommercialMore Info
414-277-9500

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Arthur FedotovColdwell Banker CommercialMore Info
414-277-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.