111 E Palatine Rd - Duplex - Value Add
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111 E Palatine Rd - Duplex - Value Add
2 Unit Apartment Building Offered at £414,755 in Palatine, IL 60067
Investment Highlights
- Great First Time Investment Opportuninty!
- Potential Redevelopment Opportunity for Correct Buyer
- .36 Acres
Executive Summary
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 $1,450 per month.
Main Level: 3 bed / 1 bath unit offered at $1,875 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.
630.207.4434-Rocco
414.736.4609-Arthur
630.333.3560-Anthony
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 $1,450 per month.
Main Level: 3 bed / 1 bath unit offered at $1,875 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.
630.207.4434-Rocco
414.736.4609-Arthur
630.333.3560-Anthony
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£31,244
|
£12.27
|
| Other Income |
£947
|
£0.37
|
| Vacancy Loss |
£1,578
|
£0.62
|
| Effective Gross Income |
£30,613
|
£12.02
|
| Taxes |
£8,056
|
£3.16
|
| Operating Expenses |
£947
|
£0.37
|
| Total Expenses |
£9,002
|
£3.54
|
| Net Operating Income |
£21,611
|
£8.49
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £31,244 |
| Annual Per SF | £12.27 |
| Other Income | |
|---|---|
| Annual | £947 |
| Annual Per SF | £0.37 |
| Vacancy Loss | |
|---|---|
| Annual | £1,578 |
| Annual Per SF | £0.62 |
| Effective Gross Income | |
|---|---|
| Annual | £30,613 |
| Annual Per SF | £12.02 |
| Taxes | |
|---|---|
| Annual | £8,056 |
| Annual Per SF | £3.16 |
| Operating Expenses | |
|---|---|
| Annual | £947 |
| Annual Per SF | £0.37 |
| Total Expenses | |
|---|---|
| Annual | £9,002 |
| Annual Per SF | £3.54 |
| Net Operating Income | |
|---|---|
| Annual | £21,611 |
| Annual Per SF | £8.49 |
Property Facts
| Price | £414,755 | Building Size | 2,546 SF |
| Price Per Unit | £207,378 | Average Occupancy | 100% |
| Sale Type | Investment | Number of Floors | 3 |
| No. Units | 2 | Year Built/Renovated | 1918/2018 |
| Property Type | Residential |
| Price | £414,755 |
| Price Per Unit | £207,378 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Residential |
| Building Size | 2,546 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built/Renovated | 1918/2018 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | £1,462 | 1,500 |
| 2+1 | 1 | £1,264 | 850 |
1 of 1
Walk Score ®
Very Walkable (77)
zoning
| Zoning Code | R-2 (Could be redeveloped into Multifamily / Condos) |
| R-2 (Could be redeveloped into Multifamily / Condos) |
-
Arthur Fedotov -
Anthony Catanese -
Rocco Zaccaro -
Coldwell Banker Commercial
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111 E Palatine Rd - Duplex - Value Add
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