51 West Wilson Street

Palatine, IL 60067

$899,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Located directly in Downtown Palatine this Mixed Use building has prime location plus Cashflow! Any Investor's Dream! Just walking distance to the Palatine Metra Station, this unique Mixed Use building has 3 residential condos plus a Palatine staple, Darios, on the main level. Each Condo unit has 2 bedrooms plus 1 full bath along with their very own Washer and Dryer in Unit. Strong Rental history with long term tenants for all units! Not to mention, each condo has great patio space perfect for entertaining....Located directly in Downtown Palatine this Mixed Use building has prime location plus Cashflow! Any Investor's Dream! Just walking distance to the Palatine Metra Station, this unique Mixed Use building has 3 residential condos plus a Palatine staple, Darios, on the main level. Each Condo unit has 2 bedrooms plus 1 full bath along with their very own Washer and Dryer in Unit. Strong Rental history with long term tenants for all units! Not to mention, each condo has great patio space perfect for entertaining. Plumbing and electrical still intact with additional storage in lower level. Lots of Municipal parking surrounding the building. Zoned B-3 which includes many different uses. Gross lease, Owner pays taxes and insurance. Prime Location just in time for the potential Bears Multi-Use Stadium project one train stop away. This is a must see!
  1. Listed by Daniel Drake • Keller Williams Success Realty

Property Details for 51 West Wilson Street

Area
Palatine
Township
Palatine
Zoning
MULTI

Location

Listing Courtesy of Keller Williams Success Realty
Add your commute
LISTING UPDATED: 01/30/2024 12:07 AM

Property Details for 51 West Wilson Street

StatusActive
MLS #11934405
Days on Market237
Taxes$12,315 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1869
Lot Size0.07 AC / 3,244 SF
CountyCook County

Location

Listing Courtesy of Keller Williams Success Realty
Add your commute

Building Information for 51 West Wilson Street

Stories-Residences4Year Built1869Lot Size0.07 AC / 3,244 SF

Payment Calculator

$5,932 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,906

Property Taxes

$1,026

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 51 West Wilson Street

General Information
Location and General Information
  • Frontage Type: City Street, Public Road
  • Geographic Locale: Northwest Suburban
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Estimated Tax/Sf: 0
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Service - 201 to 600 Amps
  • Flooring: Wood
  • # Of Washers: 4
  • Heat/Ventilation: Forced Air
  • # Of Refrigerators: 4
  • Washer/Dryer Lsd: Yes
  • Misc Inside: Multi-Tenant,Public Restroom/s,Basement
  • # Of Dryers: 4
  • # Of Dishwashers: 4
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
  • Misc Outside: Balcony/ies,Storms and Screens (as exist)
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Scavenger, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 120 X 102 X 62
  • Lot Size Square Feet: 3244.0
  • Stories: 2
  • Exterior Building Type: Vinyl Siding
  • Construction: Wood Frame
  • Roof Type: Composition
  • Fire Protection: Smoke or Fire Protectors
  • Building Area Total: 3932
  • # Of Offices: 0
  • # Of Ranges: 4
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Condominium
  • Public Document Count: 0
  • Photos Count: 43
  • Estimated Cam/Sf: 0
Miscellaneous
  • Current Use: Commercial, Condominium
  • Location: Central Business District,Corner,Mixed Use Area,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $5,800.00
  • Gross Scheduled Income: $69,600.00
  • Insurance Expense: $2,800.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Net Operating Income Year: 2023
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 5800
  • Water Expense Source: Owner Projection
  • Net Operating Income: $65,180.00
  • Operating Expense: $4,420.00
  • Other Expense: $.00
  • Trash Expense: $65.00
  • Water Sewer Expense: $70.00

Property History for 51 West Wilson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 51 West Wilson Street

Taxable ValueLand$1,946Additions$41,053Total$42,999
Tax Record2022$12,315 ($1,026 / month)
Home Facts
Baths5Total Finished SqFt3,932 SqFtAbove Grade Finished SqFt3,932 SqFtStories2Lot Size3,244 SqFtStyleMulti-Family Res (5+ Units)Year Built1869CountyCOOKAPN02-15-423-006

Schools near 51 West Wilson Street

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
Gray M Sanborn Elementary School
PublicPK to 6

Walter R Sundling 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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51 West Wilson Street is a mixed use property for sale in Palatine, IL 60067. This property was listed for sale on November 21, 2023 by Keller Williams Success Realty, it's currently listed at $899,000. It has been on the market for a total of 237 days and was last sold on September 15, 2022. This listing's school districts are Township Hsd 211 School District, Palatine Central Consolidated School District 15. Nearby schools include Gray M Sanborn Elementary School, Walter R Sundling Jr High School and Palatine High School. 51 West Wilson Street is a 0-bed, 0-bath, mixed use property built in 1869.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Success Realty

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.