421 North Hicks Road
421 North Hicks Road
$825,000
8
—
—
—
Closed 3/2/22
Description
Wonderful Location 8 Unit Building in the Heart of Palatine. Across from Marianos and just blocks from Downtown Palatine - Metra Shopping and Dining. All easily rented One Bedroom Units. Building has been fairly well maintained built in wall AC units, Paved Large Parking Area and Extended Grass Area 2 parking spaces per unit. Laundry and Storage on First Floor. Fully rented with leases. Taxes are currently paid under protest. Based on uniformity, the taxes for buildings on either side of this property...Wonderful Location 8 Unit Building in the Heart of Palatine. Across from Marianos and just blocks from Downtown Palatine - Metra Shopping and Dining. All easily rented One Bedroom Units. Building has been fairly well maintained built in wall AC units, Paved Large Parking Area and Extended Grass Area 2 parking spaces per unit. Laundry and Storage on First Floor. Fully rented with leases. Taxes are currently paid under protest. Based on uniformity, the taxes for buildings on either side of this property and the attorney who has already filed the appeal, taxes should be about $15,000 which will bring net income to $59,980 or the cap rate to 6.77 Great Oppportunity!
Listing Agents
Property Details for 421 North Hicks Road
Area
Palatine
TownshipPalatine
Num Of Parking Spaces16.0
Location
LISTING UPDATED: 03/03/2022 07:59 PM
Property Details for 421 North Hicks Road
Status | Closed |
---|---|
MLS # | 11258348 |
Days on Market | 124 |
Taxes | $24,029 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Exterior Entrance |
Year Built | 1961 |
Lot Size | 0.38 AC / 16,425 SF |
County | Cook County |
Location
Building Information for 421 North Hicks Road
Stories-Residences8Year Built1961Building Size-Lot Size0.38 AC / 16,425 SF
Payment Calculator
$6,505 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 421 North Hicks Road
Property History for 421 North Hicks Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 421 North Hicks Road
Taxable ValueLand$16,425Additions$42,691Total$59,116
Tax Record2022$16,931 ($1,411 / month)
Home Facts
Stories3Lot Size16,425 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyCOOKAPN02-14-400-053
Schools near 421 North Hicks Road
This home is within Township Hsd 211 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Winston Campus Elementary School PublicPK to 6 | ||
Winston Campus Jr High School Public7 to 8 | ||
Palatine High School Public9 to 12 | ||
Higgins Education Center Public9 to 12 |
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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