111 E Palatine Rd Palatine, IL 60067
Downtown Palatine NeighborhoodEstimated payment $3,884/month
Highlights
- Fire Pit
- Forced Air Heating System
- Wood Fence
- Palatine High School Rated A
- Dog Run
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $13,678
Year Built
- Built in 1920 | Remodeled in 2018
Lot Details
- Dog Run
- Wood Fence
- Irregular Lot
Parking
- 3 Car Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Asphalt Roof
Interior Spaces
- Window Screens
- Partial Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 3 Bathrooms
Outdoor Features
- Fire Pit
Schools
- Gray M Sanborn Elementary School
- Sandburg Elementary Middle School
- Palatine High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Building Details
- Electric Expense $3,049
- Insurance Expense $2,548
- Water Sewer Expense $246
- Gross Income $42,000
- Net Operating Income $20,650
Additional Features
- 2 Units
- Common Area
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $12,434 | $42,000 | $9,288 | $32,712 |
| 2023 | $12,029 | $42,000 | $9,288 | $32,712 |
| 2022 | $12,029 | $42,000 | $9,288 | $32,712 |
| 2021 | $10,730 | $33,039 | $5,418 | $27,621 |
| 2020 | $10,570 | $33,039 | $5,418 | $27,621 |
| 2019 | $10,551 | $36,792 | $5,418 | $31,374 |
| 2018 | $11,699 | $37,645 | $5,031 | $32,614 |
| 2017 | $11,478 | $37,645 | $5,031 | $32,614 |
| 2016 | $10,674 | $37,645 | $5,031 | $32,614 |
| 2015 | $9,256 | $30,124 | $4,644 | $25,480 |
| 2014 | $9,143 | $30,124 | $4,644 | $25,480 |
| 2013 | $8,909 | $30,124 | $4,644 | $25,480 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | For Sale | $515,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Acquest Title Services Llc | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $30,000 | None Available | |
| Warranty Deed | -- | Richmond Title Services | |
| Warranty Deed | $420,000 | Ctic |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $118,500 | Credit Line Revolving | |
| Open | $303,700 | New Conventional | |
| Previous Owner | $318,000 | Unknown | |
| Previous Owner | $315,000 | Purchase Money Mortgage |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12354143
APN: 02-23-101-002-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 59 S Hale St Unit 402
- 100 E Washington St
- 2 E Slade St
- 4 E Slade St
- 50 N Plum Grove Rd Unit 703E
- 104 N Plum Grove Rd Unit 406
- 87 W Station St
- 133 W Palatine Rd Unit 107A
- 162 N Schubert St
- 220 S Bothwell St
- 315 Johnson St
- 161 N Schubert St
- 114 S Linden Ave
- 238 N Village Ct Unit 9
- 235 N Smith St Unit 401
- 341 N Schiller St
- 416 S Royal Ct
- 509 S Plum Grove Rd
- 222 S Maple St
- 215 S Forest Ave
- 24 W Station St
- 24 W Station St Unit 405
- 211 N Bothwell St Unit 1A
- 235 N Smith St Unit 308
- 305 W Palatine Rd Unit 2
- 418 S Rose St
- 410 W Mahogany Ct Unit 407
- 225 S Rohlwing Rd Unit 508
- 225 S Rohlwing Rd Unit 607
- 1 Renaissance Place Unit 906
- 1 Renaissance Place Unit 809
- 529 S Burno Dr
- 224 E Rimini Ct Unit 1A
- 43 W Fern Ct Unit 125
- 77 N Quentin Rd Unit 202
- 950 E Wilmette Rd Unit 414
- 912 S Plum Grove Rd Unit 121
- 111 S Baybrook Dr Unit 214
- 458 N Lake Shore Dr
- 747 S Carriageway Ln