New Listing
552 E Northwest Highway,Palatine, IL 60074
Palatine, IL 60074
Description
Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two minutes away from former Arlington Park Racecourse. Great Exposure on Northwest Hwy., Close Proximity to IL Rte 53, .Lots of parking- 6 in front and 8 or more in the back. 127' of Frontage along Northwest Hwy. Two completely remodeled apartments. 3 bedroom (apx. 1500 SF) and 2 bedroom (apx. 1200 SF) apartment, both with in-unit laundry, hardwood floors, new kitchens with quartz countertops, new baths, open, contemporary lay-out, and separate utilities..5000 SF of Retail space on first floor. 1stt floor has two separate offices, could be use for offices, warehouse, retail/stores, etc., separate utilities, kitchen with sub-zero refrigerator, restrooms, dock door in a back for deliveries, all newer and remodeled. 2.5 car garage. Building has 5 furnaces, 5 A/C units, 3 water meters, The building is in pristine condition. One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.
Details
| MLS # | 12773893 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 2 |
| Listing Provided By | Hometown Real Estate Group | Jolanta Kazimierski |
Features
| SQ Feet | 7,000 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | MULTI |
Interior
| Cooling | Central Air |
|---|
Exterior
| Roof | Tar/Gravel |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected |
|---|---|
| Electric | Circuit Breakers, Service - 101 to 200 Amps, Three Phase |
Taxes
| Tax Year | 2022 |
|---|---|
| Tax Annual Amount | 15907 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Palatine |
| Zip Code | 60074 |
| Area | Palatine |
| Listing VS Median (in 60074) | |
Price: $850,000 low | high Med: $315,000 sqft: 7,000 low | high Med: 1,200 $ / sqft: $121 low | high Med: $263 On site: 2 low | high Med: 22 | |
Market Activity 60074
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Palatine |
| Zip Code | 60074 |
| Area | Palatine |
| Listing VS Median (in 60074) | |
Price: $850,000 low | high Med: $315,000 sqft: 7,000 low | high Med: 1,200 $ / sqft: $121 low | high Med: $263 On site: 2 low | high Med: 22 | |