New Listing
$850,000
( $121.43Per Sq Foot )
 $4,563 est/mo Sourced by Back At You

552 E Northwest Highway,Palatine, IL 60074

Palatine, IL 60074

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Description

Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two 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. One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.

Details

MLS #12773893
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1956
Days On Site2
Listing Provided ByHometown Real Estate Group | Jolanta Kazimierski

Features

SQ Feet7,000
Story(s)2
Units4
ZoningMULTI

Interior

CoolingCentral Air

Exterior

RoofTar/Gravel
Foundation DetailsConcrete Perimeter
Construction MaterialsBrick

Utilities

UtilitiesElectric to Site, Natural Gas Available, Sewer Connected
ElectricCircuit Breakers, Service - 101 to 200 Amps, Three Phase

Taxes

Tax Year2022
Tax Annual Amount15907

Area Information

StateIL
CountyCook
CityPalatine
Zip Code60074
AreaPalatine
Listing VS Median (in 60074)
Price:
$850,000
low | high
Med:
$315,000
100% of Average
sqft:
7,000
low | high
Med:
1,200
100% of Average
$ / sqft:
$121
low | high
Med:
$263
66.176470588235% of Average
On site:
2
low | high
Med:
22
9.090909090909% of Average
Sourced by Back At You

Market Activity 60074

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Additional Information

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Contact

Learn More About This Property

Kristi Wolfe

Kristi Wolfe

Daniel and Associates Real Estate

475.215799 (847) 767-1023kristiw@daare.com
StateIL
CountyCook
CityPalatine
Zip Code60074
AreaPalatine
Listing VS Median (in 60074)
Price:
$850,000
low | high
Med:
$315,000
100% of Average
sqft:
7,000
low | high
Med:
1,200
100% of Average
$ / sqft:
$121
low | high
Med:
$263
66.176470588235% of Average
On site:
2
low | high
Med:
22
9.090909090909% of Average
Sourced by Back At You
Listing Updated: October 1, 2026 at 7:31:56 PM PDT