Seller's Agent in 2022
Brendan McNab
RE/MAX
(312) 566-1777
2 in this area
21 Total Sales
1538 Crimson Ln Palatine, IL 60074
Virginia Lake Neighborhood
11
Beds
6
Baths
5,670
Sq Ft
2,645
Sq Ft Lot
Highlights
- Laundry Room
- Palatine High School Rated A
- Baseboard Heating
About This Home
As of June 2022Well Maintained 6 flat in quiet area near Dundee Rd and Rt 53. 5 two bedroom apartments and 1 one bedroom apartment. All overlook beautiful pond from their living room and balcony. Laundry machines on 1st floor are owned. Tenants pay own electricity and heat. Owner pays water and electricity for laundry room and staircases. Association fee of $225 pays for exterior maintenance except roof. There are 16 parking permits per building and Visitor Stickers are available for $1 each. Fully rented and rarely has a vacancy. All brick building is attractive and entire complex is nicely landscaped and well kept.
Last Agent to Sell the Property
RE/MAX At Home License #471008459 Listed on: 08/11/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,376
Year Built
- Built in 1981
Lot Details
- 2,645 Sq Ft Lot
- Lot Dimensions are 49 x 54 x 46 x 59
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,670 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
Listing and Financial Details
- Tenant pays for electricity, heat, hot water
Community Details
Overview
- Association fees include parking, lawn care, scavenger, snow removal
- 6 Units
Building Details
- Electric Expense $557
- Maintenance Expense $300
- Water Sewer Expense $3,168
- Operating Expense $3,725
- Gross Income $63,900
- Net Operating Income $60,175
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2022 06/16/22 | Sold | $675,000 | +0.7% | $119 / Sq Ft |
| 04/26/2022 04/26/22 | Pending | -- | -- | -- |
| 04/25/2022 04/25/22 | For Sale | $669,999 | +13.6% | $118 / Sq Ft |
| 09/21/2020 09/21/20 | Sold | $590,000 | -5.4% | $104 / Sq Ft |
| 08/11/2020 08/11/20 | Pending | -- | -- | -- |
| 08/11/2020 08/11/20 | For Sale | $623,900 | -- | $110 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Brendan McNab
-
Basel Tarabein
Seller Co-Listing Agent in 2022
Basel Tarabein
RE/MAX
(847) 828-2243
4 in this area
346 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10814524
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