$6,411 Closing Credit¹
#12296428, Lori Cromie, Listing Office: Haus & Boden, Ltd.
$515,000 List price
111 E Palatine Rd Palatine, IL 60067
$6,116
Closing credit¹
5 beds
3 baths
House
Property details
About 111 E Palatine Rd
Prime Multi-Family/Residential Rental Property in Palatine, IL Welcome to 111 E Palatine Rd, an exceptional commercial property offering unparalleled opportunities for businesses in Palatine, IL. Boasting a range of recent upgrades and a strategic location within walking distance to essential amenities, this property is ready to accommodate a variety of ventures seeking a prime location and modern amenities. Location: 111 E. Palatine Rd Palatine, Illinois 60067 Unit Configuration: Top Floor: 2 bed / 1 bath unit available for 1600 per month. Main Level: 3 bed / 1 bath unit offered at 1900 per month. Basement: Unfinished basement with bathroom and storage space, offering potential for additional income with the addition of a unit. Key Features: Brand New Roof: This property features a brand-new roof, providing enhanced durability and protection against the elements for years to come. Brand New Plumbing: Enjoy the peace of mind of having brand-new plumbing systems installed throughout the property, ensuring optimal functionality and efficiency. New Mechanicals: With new mechanical systems in place, including HVAC and electrical, tenants can expect reliable performance and reduced maintenance costs. Newly Resurfaced Parking Lot: The parking lot has been freshly resurfaced, offering ample space for customers and employees and enhancing the property's curb appeal. Convenient Location: Situated in the heart of Palatine, this property enjoys excellent visibility and accessibility. Within walking distance, tenants have access to essential amenities, including: Jewel grocery store Train station Aquatic center Great School District: Located within a highly regarded school district, tenants at 111 E Palatine Rd benefit from access to quality education, making it an attractive location for families and employees alike. Opportunity Awaits: Whether you're looking to start a new business, expand your operations, or invest in commercial real estate, 111 E Palatine Rd presents an exciting opportunity to establish your presence in a thriving market. With its recent upgrades, strategic location, and potential for additional rental income, this property is primed for success. Schedule a Viewing: Don't miss out on this exceptional opportunity to lease or own a premium commercial property in Palatine. Contact us today to schedule a viewing and discover the endless possibilities that await at 111 E Palatine Rd
Highlights
Home typeResidential
HeatingNatural Gas, Forced Air
StatusActive
BasementYes
Year built1920
ParkingOn Site, Garage Owned, Detached, Off Street, Side Apron, Owned, Garage
MLS #12042514
Garage3 spaces
Summary
- Basement: Yes
- Total Bedroom Count: 5
- Garage Space: 3 spaces
- Parking: On Site, Garage Owned, Detached, Off Street, Side Apron, Owned, Garage
- Exterior: Dog Run, Fire Pit
- Heating: Natural Gas, Forced Air
- List Price: $515,000
- Annual Tax Amount: $12,029
- Tax Year: 2022
- Lot: Irregular Lot
- Directions: Palatine Road to 111 East Palatine
- Year Built: 1920
- MLS Number: 12042514
- MLS Name: MRED
- Office Name: Coldwell Banker Realty
- Office Phone: (630) 954-4600
- Listing Agent: Rocco Zaccaro
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Get an agent. Get a mortgage. Save big.¹
$515,000
111 E Palatine Rd
$6,116
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 23, 2005 | Home Sold | $420,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $42,000 | $12,029 |
| 2021 | $33,039 | $10,730 |
| 2020 | $33,039 | $10,569 |
History based on county public records data.
Nearby schools
3
Gray M. Sanborn Elementary School
Public District KG-5
0.2 mi
•101 N Oak St
5
Stuart R. Paddock Elementary School
Public District KG-5
0.5 mi
•225 W Washington St
5
Winston Campus Elementary School
Public District PK-6
1.0 mi
•900 E Palatine Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $75,459. The majority of Palatine, IL residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
16%
<35k
50%
35k-100k
27%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
5%
Single, with Kids
29%
Married, No Kids
26%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
20%
18-34 yrs old
45%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Symphony or Opera
Soccer
Where do the neighbors shop?
Nordstrom Rack
Chico's
The Container Store
Where do the neighbors go to eat?
Chipotle
Boston Market
Starbucks
What do the neighbors drive?
Mazda
Volvo
BMW
What do the neighbors listen to?
Rock
Talk/Personality
Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Palatine, IL
Transportation in Palatine features a combination of public transit options and well-connected roadways that facilitate easy commuting and travel within the area. The community is served by a network of buses, with schedules designed to accommodate the needs of residents. While specific ride-sharing statistics are not mentioned, such services are commonly used in the area. The town also emphasizes walkability in certain districts, with ongoing efforts to enhance pedestrian and bicycle infrastructure for a more sustainable and accessible environment.
Residents of Palatine benefit from a robust selection of essential services. The educational landscape includes a number of public and private schools, offering a range of options for families. Healthcare is well-supported by local clinics and hospitals that provide a variety of services from routine care to specialized treatments. The community also enjoys access to public libraries and a variety of retail and dining options that reflect the local culture. City initiatives are in place to continually improve these services to meet the evolving needs of the population.
Palatine prides itself on a community-centric atmosphere, where local events and festivals play a pivotal role in bringing residents together. The area is celebrated for its well-maintained parks and recreational facilities, which contribute to the town's family-friendly character. Seasonal events and community gatherings are a testament to the town's vibrant cultural identity and strong sense of togetherness.
The housing landscape in Palatine is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and lifestyles. Architectural styles range from classic mid-century designs to contemporary constructions, with a significant portion of homes built in the latter half of the 20th century. The area has a healthy homeownership rate, with a substantial percentage of residents owning their homes, while the remainder of the population resides in rental properties.
About 111 E Palatine Rd
The listing price of 111 E Palatine Rd property is $515,000.
The property 111 E Palatine Rd is a house located in Palatine, Illinois, 60067.
Active Listing: 111 E Palatine Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 111 E Palatine Rd are: Gray M. Sanborn Elementary School (GreatSchools Rating 3/10), Stuart R. Paddock Elementary School (GreatSchools Rating 5/10), Winston Campus Elementary School (GreatSchools Rating 5/10), Winston Campus Junior High School (GreatSchools Rating 4/10), Walter R. Sundling Junior High School (GreatSchools Rating 4/10), Plum Grove Junior High School (GreatSchools Rating 6/10), Wm Fremd High School (GreatSchools Rating 8/10), Palatine High School (GreatSchools Rating 6/10), Rolling Meadows High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2022 is $12,029 (source: MLS/based on county public records data).
The last sale was on November 23, 2005 for $420,000 (source: MLS/tax record).
The property at 111 E Palatine Rd has 5 bedrooms and 3 bathrooms.
The year of construction for 111 E Palatine Rd is 1920.
This home is located at 111 E Palatine Rd in Palatine, IL and zip code 60067. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $515,000.
In March 2025, from all listings sold in Palatine, IL there were more than 26 sold above asking price, over 25 sold below and more than 15 were sold right at the asked price. The number of listings in Palatine, IL increased by 21.6% between February and March 2025. In March 2025 median list price was $344,957 and the average listing age was 19 days.
From Rocket Homes Real Estate and based on county public records data.