1535 N Winslowe Dr Palatine, IL 60074
Virginia Lake NeighborhoodEstimated payment $6,872/month
Highlights
- Popular Property
- Palatine High School Rated A
- Central Heating
About This Home
Turnkey 6-Unit Multifamily Investment in Prime Palatine - Strong Cash Flow & Recent Renovations! The building features five spacious 2-bedroom units and one 1-bedroom unit. Five of the six units have been recently remodeled, showcasing updated kitchens, bathrooms, flooring, and modern finishes that enhance rental appeal and minimize maintenance. On-site own laundry for tenant convenience and additional income stream. With upgraded amenities and a solid rental track record, this property is a true turnkey investment with room for rent growth or further value-add strategies. Don't miss this rare chance to own a reliable, cash-flowing multifamily in one of the northwest suburbs' most sought-after communities
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,651
Year Built
- Built in 1977
Lot Details
- Lot Dimensions are 50x50
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Fire Suppression System
Utilities
- Cooling System Mounted In Outer Wall Opening
- Central Heating
- Heating System Uses Gas
- Separate Meters
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $895
- Fuel Expense $3,903
- Insurance Expense $5,232
- Other Expense $6,000
- Water Sewer Expense $1,565
- Operating Expense $37,446
- Gross Income $113,400
- Net Operating Income $75,954
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/25/2025 05/25/25 | For Sale | $950,000 | +98.7% | -- |
| 07/08/2016 07/08/16 | Sold | $478,000 | -2.4% | -- |
| 05/12/2016 05/12/16 | Pending | -- | -- | -- |
| 02/11/2016 02/11/16 | For Sale | $489,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12374909
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