7 months on rocket

111 E Palatine Rd, Palatine, IL, 60067

$525,000

Home List Price

$6,234*

Closing Credit

5 Bedrooms
3 Baths
House

Location

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111 E Palatine Rd, Palatine$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOff Street, Side Apron
Garage3 spaces
Year Built1920
HeatingNatural Gas, Forced Air
BasementYes
WaterfrontFencing
MLS #12042514
StatusActive

About 111 E Palatine Rd

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

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (630) 954-4600
  • Listing Agent: Rocco Zaccaro

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Fencing
  • Exterior: Dog Run, Storms/Screens, Fire Pit

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Off Street, Side Apron

Lot Features

Lot Information:

  • Lot: Fencing, Irregular Lot

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Palatine Road to 111 East Palatine

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
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Housing Market Comparison

See how this home compares to others in Palatine, IL.

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Palatine, IL

City

Med. Sold Price

$334.5K

Med. Price/SqFt

$216

Avg. Days On Market

23

# of Sold Homes

65

111 E Palatine Rd vs Palatine

219 DAYS ON ROCKET

+196 Days

$525,000

+$190.4K More

KEY TAKEAWAY

This property is $190.4K more than the Median Sold Price in Palatine, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12042514

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (630) 954-4600
  • Listing Agent: Rocco Zaccaro

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 8:15:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-183805
3
/10

  • Gray M. Sanborn Elementary School

  • 101 N Oak St

  • 0.20 miles

  • Public District Grades KG-5

school-card-donut-183806
5
/10

  • Stuart R. Paddock Elementary School

  • 225 W Washington St

  • 0.49 miles

  • Public District Grades KG-5

school-card-donut-183807
5
/10

  • Winston Campus Elementary School

  • 900 E Palatine Rd

  • 0.99 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,459. The majority of Palatine, IL residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Palatine, IL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Palatine, IL?

The housing landscape in Palatine is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and lifestyles. Architectural styles range from classic mid-century designs to contemporary constructions, with a significant portion of homes built in the latter half of the 20th century. The area has a healthy homeownership rate, with a substantial percentage of residents owning their homes, while the remainder of the population resides in rental properties.

Is Palatine, IL a good place to live?

Palatine prides itself on a community-centric atmosphere, where local events and festivals play a pivotal role in bringing residents together. The area is celebrated for its well-maintained parks and recreational facilities, which contribute to the town's family-friendly character. Seasonal events and community gatherings are a testament to the town's vibrant cultural identity and strong sense of togetherness.

Are things conveniently located in Palatine, IL?

Residents of Palatine benefit from a robust selection of essential services. The educational landscape includes a number of public and private schools, offering a range of options for families. Healthcare is well-supported by local clinics and hospitals that provide a variety of services from routine care to specialized treatments. The community also enjoys access to public libraries and a variety of retail and dining options that reflect the local culture. City initiatives are in place to continually improve these services to meet the evolving needs of the population.

What does the transportation in Palatine, IL look like?

Transportation in Palatine features a combination of public transit options and well-connected roadways that facilitate easy commuting and travel within the area. The community is served by a network of buses, with schedules designed to accommodate the needs of residents. While specific ride-sharing statistics are not mentioned, such services are commonly used in the area. The town also emphasizes walkability in certain districts, with ongoing efforts to enhance pedestrian and bicycle infrastructure for a more sustainable and accessible environment.

Frequently Asked Questions About 111 E Palatine Rd

What is the listing price of this property?

The listing price of 111 E Palatine Rd property is $525,000.

What type of property is this?

The property 111 E Palatine Rd is a house located in Palatine, Illinois, 60067.

Is this property for sale now?

Active Listing: 111 E Palatine Rd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 111 E Palatine Rd has 5 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 111 E Palatine Rd is 1920.

Rocket Homes›Illinois›Cook County›Palatine›60067›111 E Palatine Rd

This home is located at 111 E Palatine Rd in Palatine, IL and zip code 60067. This home was built in 1920. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $525,000.

In November 2024 more than 16 listings in Palatine, IL were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 36 were sold below. Between October 2024 and November 2024, Palatine, IL real estate market has seen decrease in the number of listings by 10.6%. Listings spent 23 days on the market in November 2024, and had a median list price of $334,571 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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