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Downtown Palatine Multifamily Home for Sale

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    $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 Downtown Palatine

Downtown Palatine offers a pedestrian-friendly environment with a mix of housing styles, from mid-century split-levels to contemporary condos and modern townhouses. The neighborhood is lined with trees and features quiet cul-de-sacs, making it a pleasant area for walking and biking. The renovated Palatine Station connects residents to the wider Chicago region via the Metra transit system. Local highlights include Durty Nellie’s gastropub, Schnell’s Brauhaus, Emmett’s Brewing Company, and Spunky Dunkers Donuts. For groceries, Jewel-Osco is centrally located, with Walmart and Home Depot nearby. The Palatine Park District provides numerous recreational opportunities, including Riemer Reservoir Park with its walking trail, disc golf course, and sledding in winter, as well as Community Park, which features baseball fields, a basketball court, and the Family Aquatic Center. Schools in the area are highly rated, with options like Winston Campus Elementary, Walter R. Sundling Junior High, Palatine High School, Stuart R. Paddock Elementary, Plum Grove Middle School, and William Fremd High School. The neighborhood is safer than the national average, and NorthWest Community Hospital is just 5 miles away. Downtown Palatine hosts various community events, including Hometown Fest, Street Fest, Oktoberfest, and the annual Holiday Tree Lighting ceremony. The Palatine Farmers Market operates year-round, offering local meats, produce, arts, crafts, and prepared foods.

Home Trends in Downtown Palatine, IL

Housing Trends

Median Sale Price
$371,250
Median Single Family Sale Price
$399,949
Median Townhouse Sale Price
$405,000
Median 2 Bedroom Sale Price
$330,000
Median 1 Bedroom Sale Price
$247,250
Average Price Per Sq Ft
$251
Number of Homes for Sale
12
Last 12 months Home Sales
180
Months of Supply
0.80
Median List Price
$372,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%
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