552 East Northwest Highway

Palatine, IL 60074

$839,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, a few 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...Great income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, a few 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. 3br apt 1 year lease at $2400 mo. 2 br apt owner occupied. One office space is leased to a dental lab for 5 years with apx 4 years left at $ 2500 mo. The other office space is occupied by owner. Office/ business spaces pay water electric and heat . Residential apartments pay electric and gas. Building owner pays water for apartments.
  1. Listed by Jolanta Kazimierski • Hometown Real Estate
  2. Listed by Gary Machnik • Hometown Real Estate

Property Details for 552 East Northwest Highway

Area
Palatine
Township
Palatine
Zoning
MULTI

Location

Listing Courtesy of Hometown Real Estate
Add your commute
LISTING UPDATED: 06/10/2024 12:07 AM

Property Details for 552 East Northwest Highway

StatusActive
MLS #12061408
Days on Market26
Taxes$17,494 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1956
Lot Size0.17 AC / 7,500 SF
CountyCook County

Location

Listing Courtesy of Hometown Real Estate
Add your commute

Building Information for 552 East Northwest Highway

Stories-Residences4Year Built1956Lot Size0.17 AC / 7,500 SF

Payment Calculator

$6,042 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,584

Property Taxes

$1,458

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 552 East Northwest Highway

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
  • Open Parking Spaces: 14.0
Location and General Information
  • Geographic Locale: Northwest Suburban
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps, Three Phase
  • Flooring: Tile, Wood
  • # Of Washers: 2
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 3
  • Washer/Dryer Lsd: No
  • # Of Dryers: 2
  • # Of Dishwashers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
  • Water Drainage: Storm Sewers
  • Misc Outside: Enclosed Stairs,Security System
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 150
  • Lot Size Square Feet: 7500.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Tar and Gravel
  • Fire Protection: Alarm Monitored,Alarm On Site,Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 7000
  • # Of Offices: 1
  • # Of Ranges: 2
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Office and Research
  • Buyer Financing: Conventional, Cash, Negotiable
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 42
Miscellaneous
  • Current Use: Office
  • Location: Central Business District,High Traffic Area
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: $112,800.00
  • Gross Scheduled Income: $112,800.00
  • Insurance Expense: $1,752.00
  • Total Annual Expense Source: Combination
  • Total Monthly Income: 9400
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $420.00
  • Water Sewer Expense: $.00

Property History for 552 East Northwest Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 552 East Northwest Highway

Taxable ValueLand$4,500Additions$49,500Total$54,000
Tax Record2022$15,466 ($1,289 / month)
Home Facts
Baths4Total Finished SqFt6,694 SqFtAbove Grade Finished SqFt6,694 SqFtStories2Lot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1956CountyCOOKAPN02-23-214-010

Schools near 552 East Northwest Highway

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

District 211 Academy - North
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

552 East Northwest Highway is a mixed use property for sale in Palatine, IL 60074. This property was listed for sale on May 20, 2024 by Hometown Real Estate, it's currently listed at $839,900. It has been on the market for a total of 26 days and was last sold on January 5, 2018. This listing's school districts are Township Hsd 211 School District, Palatine Central Consolidated School District 15. Nearby schools include Winston Campus Elementary School, Winston Campus Jr High School and Palatine High School. 552 East Northwest Highway is a 0-bed, 0-bath, mixed use property built in 1956.

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 Hometown Real Estate

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. Based on information submitted to the MLS GRID as of 06/10/2024 12:07 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.