552 East Northwest Highway
552 East Northwest Highway
$839,900
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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.
- Listed by Jolanta Kazimierski • Hometown Real Estate
- Listed by Gary Machnik • Hometown Real Estate
Property Details for 552 East Northwest Highway
Area
Palatine
TownshipPalatine
ZoningMULTI
Location
LISTING UPDATED: 06/10/2024 12:07 AM
Property Details for 552 East Northwest Highway
Status | Active |
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MLS # | 12061408 |
Days on Market | 26 |
Taxes | $17,494 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1956 |
Lot Size | 0.17 AC / 7,500 SF |
County | Cook County |
Location
Building Information for 552 East Northwest Highway
Stories-Residences4Year Built1956Lot Size0.17 AC / 7,500 SF
Payment Calculator
$6,042 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 552 East Northwest Highway
Property History for 552 East Northwest Highway
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 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 |
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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.
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