552 E Northwest Hwy

Palatine, IL 60074
  • $850,000

    Price
  • 7,000

    SqFt
  • 0.17

    Acre

About the Listing 15391 - 143229

Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two 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. One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.

Listing Highlights for 552 E Northwest Hwy

Status Active
Days on Site 13
Property Type Commercial Sale
MLS ® 12773893
Year Built 1956
Total Square Footage 7,000
Lot/Acreage 0.17
County Cook

Interior Details

  • Appliances:
  • Air Cond: Central Air
  • Heating: Forced Air,Gas
  • Fireplaces:
  • Floor: Tile,Wood
  • Basement:
  • Other:
  • Water: Municipal Water

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 50 X 150
  • Zoning: MULTI
  • Roof: Tar/Gravel
  • Others:
  • Sewer:
  • Parking Features: 6-12 Spaces,1-5 Spaces

Financial Details

  • Tax Amount: $15,907
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 02232140100000
  • Tax Year: 2022

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Listing Location

Questions About..

552 E Northwest Hwy Palatine, IL 60074

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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