552 E Northwest Highway Palatine, IL 60074
Great income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, a few minutes away from former Arlington Park Racecourse. Great Exposure on Northwest Hwy., Close Proximity to IL Rte 53, .Lots of parking- 6 in front and 8 or more in the back. 127' of Frontage along Northwest Hwy. Two completely remodeled apartments. 3 bedroom (apx. 1500 SF) and 2 bedroom (apx. 1200 SF) apartment, both with in-unit laundry, hardwood floors, new kitchens with quartz countertops, new baths, open, contemporary lay-out, and separate utilities..5000 SF of Retail space on first floor. 1stt floor has two separate offices, could be use for offices, warehouse, retail/stores, etc., separate utilities, kitchen with sub-zero refrigerator, restrooms, dock door in a back for deliveries, all newer and remodeled. 2.5 car garage. Building has 5 furnaces, 5 A/C units, 3 water meters, The building is in pristine condition. 3br apt 1 year lease at $2400 mo. 2 br apt owner occupied. One office space is leased to a dental lab for 5 years with apx 4 years left at $ 2500 mo. The other office space is occupied by owner. Office/ business spaces pay water electric and heat . Residential apartments pay electric and gas. Building owner pays water for apartments.
- Property TypeCommercial
- NeighborhoodN/A
- CountyCook
- Taxes$17,494
- HOA/Condo/Coop Fees$0
- Days on Site25 Days
- MLS StatusActive
- MLS ID Number12061408
- Home Size Source N/A
- Year Built1956
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Electric Circuit Breakers
- Number of Stories 2
- Property Sub Type Mixed Use
- Foundation Concrete Perimeter
- Zoning MULTI
- Number Of Stories 2
Interior Features
- Cooling Central Air
- Flooring TileWood
- Utilities Electric to SiteGas to SiteSanitary SewerWater-Municipal
Exterior Features
- Roof Tar and Gravel
- Construction Details Brick
Community Features
- Township Palatine
- MLS Area Palatine