Palatine IL Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Year built:
1891
Baths:
2.00
MLS#:
12174413

ADDITIONAL INFORMATION

Discover a prime two-unit property with an unfinished basement, ideally situated in the heart of Palatine. This investment gem offers: Convenience: Just a 5-minute walk to Palatine Metra Station, ensuring easy commuting and accessibility. Quality Living: Proximity to top-rated Fremd High School, popular shops, diverse restaurants, scenic parks, and efficient transportation options. Perfect for long-term investors looking to capitalize on a high-demand area with strong growth potential. Don't miss out on this chance to achieve financial success and secure a valuable asset.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
5
Year built:
1920
Baths:
3.00
MLS#:
12042514

ADDITIONAL INFORMATION

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

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Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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Palatine Real Estate

The median home value in Palatine, IL is $331,000. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Palatine, IL is $331,000. Approximately 63.09% of Palatine homes are owned, compared to 30.77% rented, while 6.14% are vacant. Palatine real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Palatine real estate agent to arrange a tour today!

Palatine, Illinois has a population of 67,754. Palatine is more family-centric than the surrounding county with 29.88% of the households containing married families with children. The county average for households married with children is 29.73%.

The median household income in Palatine, Illinois is $86,415. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Palatine is 38.2 years.

Palatine Weather

The average high temperature in July is 83 degrees, with an average low temperature in January of 13.9 degrees. The average rainfall is approximately 36.2 inches per year, with 35.7 inches of snow per year.

Palatine Real Estate Market Conditions

  • Median sales price

    $331,000
    14.5% change since last quarter
  • # Active listings

    243
    30-day change

Palatine Schools and Demographics

Education near Palatine, IL

Metric City County
High School Graduates 91.11 87.97
College Degree - 2 year 6.99 6.73
College Degree - 4 year 50.22 40.75
Graduate Degree 15.04 12.01
Expenditures per Student 21,907 21,907
Students per Teacher 14 14

Elementary Schools near Palatine, IL

School Grades Students P/T Ratio ZIP
Arnett C Lines Elementary School KG - 05 482 16.1 60010
Barbara B Rose Elementary School KG - 05 452 14.8 60010
Countryside Elementary School KG - 05 419 12 60010
Early Learning Center PK - PK 267 20.4 60010
Gray M Sanborn Elementary School KG - 06 624 18.1 60067
Grove Avenue Elementary School KG - 05 513 15.3 60010
Hough Street Elementary School PK - 05 292 16 60010
Hunting Ridge Elementary School PK - 06 682 21 60067
Jane Addams Elementary School PK - 06 677 14.5 60074
Lake Louise Elementary School KG - 06 751 17.4 60074
Lincoln Elementary School KG - 06 852 19.4 60067
Marion Jordan Elementary School KG - 06 478 16.4 60067
North Barrington Elementary School KG - 05 414 14.5 60010
Pleasant Hill Elementary School PK - 06 626 22.8 60067
Roslyn Road Elementary School KG - 05 425 15.1 60010
Stuart R Paddock School KG - 06 731 18.5 60067
Virginia Lake Elementary School PK - 06 823 15.5 60074
Winston Campus Elementary School PK - 06 521 15.6 60074
Winston Churchill Elementary School KG - 06 471 14.9 60195

Middle Schools near Palatine, IL

School Grades Students P/T Ratio ZIP
Barrington Mdle School- Prairie CMPS 06 - 08 1,129 14.3 60010
Barrington Middle School Station 06 - 08 1,014 13.7 60010
Walter R Sundling Junior High School 07 - 08 682 17.2 60067
Winston Campus Junior High School 07 - 08 774 13.8 60074

High Schools near Palatine, IL

School Grades Students P/T Ratio ZIP
Barrington High School 09 - 12 3,052 16.5 60010
District 211 Academy - North 09 - 12 35 4.6 60067
Palatine High School 09 - 12 2,655 14.3 60074
Wm Fremd High School 09 - 12 2,694 16.5 60067

Ungraded Schools near Palatine, IL

School Grades Students P/T Ratio ZIP
* N Cook Young Adult Academy Palatine 09 - 12 24 6 60067

Demographics near Palatine, IL

Metric City County
Neighborhood Type
Population 67,754 5,265,398
Population Density 4,975 5,572
Median Age 38.2 37.3
People per Household 2.5 2.5
Median Household Income 86,415 72,121
Average Income per Capita 45,557 41,706