Sold
Last Sold Price
54 beds
2211 N Rand Rd, Palatine, IL 60074
Multi FamilyProperty Type
0.92 acresLot Size
1941Year Built
12 carsParking Spaces

Description

Multitude of options with this 6 unit rental (plus a 7th unit currently used as an office). An acre of waterfront property off rand road currently used as a rental property. Owner is retiring after 50 years of ownership. All 6 units currently rented on a month to month basis only (with written lease)new buyer to do what they wish with the property/buildings. Billboard on property also income producing. As-is sale!Multitude of options with this 6 unit rental (plus a 7th unit currently used as an office). An acre of waterfront property off rand road currently used as a rental property. Owner is retiring after 50 years of ownership. All 6 units currently rented on a month to month basis only (with written lease)new buyer to do what they wish with the property/buildings. Billboard on property also income producing. As-is sale!

    Sold By Keller Williams Platinum Partners

    • Listed by: Gregory 847.977.7024 gregolsonrealestate@gmail.com • RE/MAX Suburban
    Listing closed: 12/21/2012 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 08158494

    Recent comparable sales

    Median sold price

    $295,000

    Avg days on market

    22

    Sale-to-list ratio

    101.6%

    Palatine, IL

    9 comparable properties found

    $265,000 | 491 East Fawn Lane, Unit A, Palatine, IL 60074
    1/26
    1

    $265,000

    Sold 07/10/26

    2
    Bedrooms
    1,220
    Square Feet
    Unavailable
    Acres
    $262,000 | 491 East Fawn Lane, Unit B, Palatine, IL 60074
    1/17
    2

    $262,000

    Sold 07/31/26

    2
    Bedrooms
    1,389
    Square Feet
    Unavailable
    Acres
    3

    $283,000

    Sold 03/10/25

    3
    Bedrooms
    Unavailable
    Bathrooms
    1,569
    Square Feet
    Unavailable
    Acres
    $300,000 | 652 East Whispering Oaks Court, Palatine, IL 60074
    1/23
    4

    $300,000

    Sold 10/18/24

    3
    Bedrooms
    1,560
    Square Feet
    Unavailable
    Acres
    5

    $270,000

    Sold 02/17/25

    2
    Bedrooms
    1,376
    Square Feet
    0.11
    Acres
    a front view of a house with garden
    1/22
    6

    $295,000

    Sold 09/15/25

    2
    Bedrooms
    1,250
    Square Feet
    Unavailable
    Acres
    $303,500 | 218 East Forest Knoll Drive, Palatine, IL 60074
    1/24
    7

    $303,500

    Sold 11/19/25

    2
    Bedrooms
    1,376
    Square Feet
    Unavailable
    Acres
    8

    $295,000

    Sold 08/27/25

    2
    Bedrooms
    1.5
    Bathrooms
    1,045
    Square Feet
    Unavailable
    Acres
    9

    $315,000

    Sold 06/09/26

    3
    Bedrooms
    Unavailable
    Bathrooms
    1,045
    Square Feet
    Unavailable
    Acres

    Location

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    Principal and Interest

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    Property Taxes

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    Property Information for 2211 North Rand Road

    Property Details
    • Taxes: $17,903 / year
    • MLS Type: Multi Family 5+ / Corridor-Exterior Entrance
    • County: Cook County
    • Area: Palatine
    • Township: PALATINE
    • Air Conditioning Type: Window Unit(s)
    • Num of Interior Fireplaces: 1
    • Zoning: MULTI
    Building Information
    • Stories: 2
    • Residences: 6
    • Year Built: 1941
    • Lot Size: 0.92 AC / 39,945 SF
    General Information
    Addtl Parking Information
    • Indoor Parking: 1-5 Spaces
    • Outdoor Parking: 6-12 Spaces
    • Open Parking Spaces: 12.0
    Location and General Information
    • Information: Other-See Remarks
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: Window Unit(s)
    • Basement Description: Cellar
    • Heat/Ventilation: Radiators,Baseboard,Separate Per Unit
    • # Of Refrigerators: 6
    • Num of Baths: 36.0
    Exterior Features
    • Misc Outside: Balcony/ies,Patio,Storms and Screens (as exist)
    Property/Lot Information
    • Tenant Pays: Varies by Tenant
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Corridor-Exterior Entrance
    • Lot Dimensions: 75X641X571X103
    • Lot Size Square Feet: 39945.0
    • Stories: 2
    • Fire Protection: Fire Extinguisher/s
    • Building Area Total: 3000
    • # Of Ranges: 6
    Property and Assessments
    • Possible Use: Commercial, Retail, Zoning Change Required
    • Photos Count: 5
    Miscellaneous
    • Land Amenities: Dock-Community,Cable Ready
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 09-15-2012
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 6
    Income & Expenses
    • Electric Expense: $3,468.00
    • Fuel Expense: $.00
    • Gross Income: $49,800.00
    • Gross Scheduled Income: $54,600.00
    • Insurance Expense: $3,543.00
    • Maintenance Expense: $2,990.00
    • Electric Expense Source: Actual
    • Expense Year: 2011
    • Total Annual Expense Source: Actual
    • Insurance Expense Source: Actual
    • Janitor Expense: 0
    • Other Expense Source: Actual
    • Repairs-Decor Expense Source: Actual
    • Trash Expense Source: Actual
    • Total Monthly Income: 4550
    • Net Operating Income: $38,707.00
    • Operating Expense: $30,893.00
    • Other Expense: $1,048.00
    • Trash Expense: $1,076.00
    • Water Sewer Expense: $.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 6
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 6
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 6
    Unit 4
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 6
    Unit 5
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 6
    Unit 6
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 6
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 2211 North Rand Road

    DateEvent & SourcePriceAppreciation
    Dec 21, 2012

    Sold

    MRED #08158494

    $300,000
    Dec 11, 2012

    Sold (Public Record)

    Public Record #345212467

    $300,000
    Nov 1, 2012

    Listed (Active)

    MRED #08158494

    $349,900
    DateEvent & SourcePrice
    12/21/2012

    Sold

    MRED #08158494

    $300,000
    12/11/2012

    Sold (Public Record)

    Public Record #345212467

    $300,000
    11/01/2012

    Listed (Active)

    MRED #08158494

    $349,900

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 2211 North Rand Road

    Taxable ValueLand$25,964Additions$46,679Total$72,643
    Tax Record2023$21,506 ($1,792 / month)
    Home Facts
    Baths1Total Finished SqFt2,249 SqFtAbove Grade Finished SqFt2,249 SqFtStories2Lot Size39,945 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyCOOKAPN02-02-102-016Fireplace TypeHas Fireplace

    Schools near 2211 North Rand Road

    This home is within Township Hsd 211 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - PK to 5
    Rating
    School
    Distance
    Lincoln Elementary School
    PublicPK to 5

    Walter R Sundling Jr High School
    Public6 to 8

    Palatine High School
    Public9 to 12

    Winston Campus Elementary School
    PublicPK to 5

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Listing Courtesy of RE/MAX Suburban

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 04:35 AM. 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.