NOT LISTED FOR SALE

350 W Johnson St Palatine, IL 60067

Downtown Palatine Neighborhood
6 Beds
3 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold October 15, 2018

Last sale price $550,000

47 Days on Market

Highlights

  • Landscaped Professionally
  • Balcony
  • Patio
  • Plum Grove Jr High School Rated A-
  • 1 Car Attached Garage
  • 3-minute walk to Cedar Park

About This Home

As of October 2018

Very Rare All Brick 3 Unit multi family building in the heart of downtown Palatine!! 4 years new, fully occupied with leases and is a turn key investment. Each unit has 2 bedrooms, 1 bath with an attached 1 car garage with hardwood floors and granite counters. All appliances are in unit including stove, refrigerator, microwave, dishwasher, washer and dryer. Each unit is self sufficient, and there is no common area inside the building. This is located steps from downtown Palatine, including train station, schools, restaurants and entertainment. Great long term investment that will continue dividends for many years to come.

Last Agent to Sell the Property

Dean Tubekis

Coldwell Banker Realty License #475137834 Listed on: 07/18/2018

Coldwell Banker Realty

Co-Listed By

Tim Johnson

Coldwell Banker Realty License #475124672

Last Buyer's Agent

Payal Salvi

Berkshire Hathaway HomeServices Starck Real Estate License #471017482

Berkshire Hathaway HomeServices Starck Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,333

Year Built

  • Built in 2014

Lot Details

  • Lot Dimensions are 66x120x66x120
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Patio

Schools

  • Wm Fremd High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Community Details

Building Details

  • Gross Income $54,000
  • Net Operating Income $34,648

Additional Features

  • 3 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,333

Year Built

Built in 2014

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • New Construction: No
  • Year Built: 2014
  • Age: 1-5 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, Fire Sprinklers, CO Detectors, Ceiling Fan(s)
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 589000
  • Lot Features: Common Grounds, Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Off Street, Driveway
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved

Fee Information

  • Other Expenses $: 19352

Schools

  • High School: WM FREMD HIGH SCHOOL
  • Middle/Junior School District: 15

Lot Info

  • Lot Dimensions: 66X120X66X120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 34648
  • GrossIncome: 54000
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 16332.74
  • Tax Year: 2017
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2018 10/15/18 Sold $550,000 -6.6% --
09/03/2018 09/03/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $589,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dean Tubekis

    Seller's Agent in 2018

    Dean Tubekis

    Coldwell Banker Realty

    (847) 809-8070

    7 in this area

    619 Total Sales

    Dean Tubekis
    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Tim Johnson

    Coldwell Banker Realty

    Section Image
  • Payal Salvi

    Buyer's Agent in 2018

    Payal Salvi

    Berkshire Hathaway HomeServices Starck Real Estate

    (312) 388-0210

    18 Total Sales

    Payal Salvi
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10023443

Midwest Real Estate Data (MRED)

APN: 02-22-200-014

Illinois Cook County Palatine 60067 Downtown Palatine

350 W Johnson St, Palatine, IL

This home is located at 350 W Johnson St, Palatine, IL 60067 since 18 July 2018. This property was built in 2014. 350 W Johnson St is a home located in Cook County with nearby schools including Stuart R Paddock School, Plum Grove Jr High School, and William Fremd High School.

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