111 E Palatine Road Palatine IL 60067 MLS #MRD12354143

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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

Property Details

Price:
$515,000
MLS #:
MRD12354143
Status:
Active
Beds:
5
Baths:
3
Type:
Multi Family
Neighborhood:
Palatine
Listed Date:
May 1, 2025
Year Built:
1920
PalatinePalatineGray M Sanborn Elementary SchoolSandburg Elementary SchoolPalatine High School

Schools

School District:
211
Elementary School:
Gray M Sanborn Elementary School
Middle School:
Sandburg Elementary School
High School:
Palatine High School

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Aluminum Siding
Exterior Features
Dog Run, Fire Pit
Parking Features
On Site, Garage Owned, Detached, Off Street, Side Apron, Owned, Garage
Parking Spots
9
Roof
Asphalt

Financial

Net Operating Income
$20,650
Tax Year
2023
Taxes
$13,678

Listing Agent & Office

Rocco Zaccaro
Coldwell Banker Realty

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