224 E Rimini Ct Palatine, IL 60067
Reseda NeighborhoodEstimated payment $9,269/month
Highlights
- Cul-De-Sac
- Palatine High School Rated A
- Central Heating and Cooling System
About This Home
224 Rimini Court, Palatine, IL - 6-Unit Apartment Building *Outstanding investment opportunity in a prime Palatine location. This fully remodeled 6-unit property offers 6 spacious two-bedroom, one-bathroom condos, each equipped with individual central heating and air conditioning. *All units have been completely updated, featuring modern finishes, renovated kitchens and bathrooms,flooring and appliances replaced within the last few years. Each unit also includes a private balcony with views of a wooded area to the rear of the property. *Building improvements include a newer roof, windows, and sliding doors, secure intercom system, individual basement storage units, and much more... *The property backs to a quiet wooded area, providing privacy and outdoor space for residents. *Located near schools, shopping, transportation, and parks, this turn-key asset offers strong rental potential and consistent performance in a highly desirable suburban market. Its twin 228 Rimini Ct is also available for sale and you can make it 12 unit investment. Call for more details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,360
Year Built
- Built in 1984
Lot Details
- Lot Dimensions are 106x53
- Cul-De-Sac
- Additional Parcels
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Fire and Smoke Detector
Utilities
- Central Heating and Cooling System
Community Details
Overview
- Association fees include parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
- 6 Units
Building Details
- Electric Expense $399
- Fuel Expense $1,297
- Insurance Expense $2,192
- Water Sewer Expense $2,259
- Operating Expense $23,500
- Gross Income $140,550
- Net Operating Income $117,050
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/11/2025 11/11/25 | For Sale | $1,500,000 | +106.9% | -- | |
| 03/02/2022 03/02/22 | Sold | $725,000 | 0.0% | -- | View Prior Sale |
| 12/10/2021 12/10/21 | Pending | -- | -- | -- | |
| 12/10/2021 12/10/21 | Off Market | $725,000 | -- | -- | |
| 12/10/2021 12/10/21 | For Sale | $749,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12516020
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