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Explore Similar Apartments Within 2 Miles of Arlington Heights, IL

  • /44

    $515,000

    • 5 Beds
    • 3 Baths

    111 E Palatine Rd, Palatine, IL 60067

    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

    Rocco Zaccaro Coldwell Banker Realty

    111 E Palatine Rd, Palatine, IL 60067

Why Live in Arlington Heights

Arlington Heights combines cultural attractions and outdoor recreation, with the Metropolis Performing Arts Centre hosting live theater and concerts while Lake Arlington provides scenic spots for kayaking, paddleboating, and fishing. The Arlington Heights Memorial Library serves as a community hub, complemented by the Arlington Heights Historical Museum which preserves local heritage through exhibits in historic buildings. North School Park features landscaped gardens and hosts summer concerts, while multiple recreational facilities like Arlington Lakes Golf Club and Heritage Park provide year-round activities including tennis, basketball, and seasonal ice skating.

The housing market includes diverse options across distinct neighborhoods. The median sale price in Arlington Heights is $455,400, with median single-family home prices reaching $560,000. In the Ivy Hill neighborhood, the median price for single-family homes is $605,000, while areas like Westgate show median prices of $487,500. The Arlington Heights Central Business District features condos, with median prices of $278,000 for one-bedroom units and $415,000 for two-bedroom units.

Property taxes in Arlington Heights reflect Cook County's effective rate of 1.98%, while Illinois maintains a state income tax rate of 4.95%. The combined sales tax rate is 8.89%, including state and local portions. The community benefits from excellent schools, including John Hersey High School and Prospect High School, both rated A+ by Niche. Two Metra stations on the Union Pacific Northwest Line connect residents to downtown Chicago, with the trip taking approximately 25 miles. The Northwest Community Healthcare Hospital provides comprehensive medical care within the village. Annual events like the Frontier Days Festival and Arlington on Tap Craft Beer Fest strengthen community bonds, while restaurants such as Palm Court and Francesca's Tavola create a sophisticated dining scene.

Home Trends in Arlington Heights, IL

Housing Trends

Median Sale Price
$462,500
Median Single Family Sale Price
$553,875
Median Townhouse Sale Price
$425,000
Median 2 Bedroom Sale Price
$236,500
Median 1 Bedroom Sale Price
$182,450
Average Price Per Sq Ft
$266
Number of Homes for Sale
48
Last 12 months Home Sales
386
Months of Supply
1.50
Median List Price
$472,495
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
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