Corcoran Urban Real Estate
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3 Properties Within 0.5 miles of: 421 N Hicks, Palatine

421 N Hicks
Palatine, IL 60067

  • Built In 1961
Price

$885,000

Taxes
$24,029  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
75 X 218  
Built
1961  
Neighborhood
Palatine  
MLS
#11258348
Status
Contingent

Property 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 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!

Property Map

Property Details

Utilities

  • Heating
  • Cooling Wall Sleeve
  • Water
  • Sewer

Additional Information

Parking
16 Parking Spaces

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

10-29-2021 Listed at $885,000
12-23-2021 Status changed to Under Contract
Last Modified 12/23/21 10:27 AM

Nearby Transportation

  • Union Pacific Northwest 0.8 mi
  • Hwy 53 South 1.3 mi
  • Hwy 53 North 1.5 mi
  • I 90 West 4.4 mi
  • I 90 East 4.4 mi
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