For more information regarding the value of a property, please contact us for a free consultation.
1516 Crimson Lane Palatine, IL 60074
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $775,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,832 sqft
Price per Sqft $132
MLS Listing ID 11974689
Sold Date 04/01/24
Year Built 1982
Annual Tax Amount $16,236
Tax Year 2022
Lot Size 2,613 Sqft
Lot Dimensions 49X55
Property Description
MULTIPLE OFFERS RECEIVED. OFFER DEADLINE 02/11/2024 @ 7PM. Welcome to this well-maintained six-unit residential property conveniently located near Dundee Rd and Rt 53 in the Silver Lake community. Consisting of five spacious two-bedroom apartments and one cozy one-bedroom unit, all of which are currently occupied by long-term, reliable tenants. Nestled in a quiet location, with all units having great views of a pond from their living rooms and balconies. Tenants are responsible for covering their own electricity and heating expenses. The building offers an on-site laundry room situated on the first floor with new washer and dryer units, ensuring efficient laundry services exclusively for the residents, and a full basement for additional storage. The property owner takes care of water expenses, as well as electricity costs for the laundry room and common areas. Vacancies are a rarity in this sought-after complex. The building's exterior is constructed with durable brick, which promises longevity with minimal maintenance requirements. Landscaping surrounding the property, snow removal, a recently paved parking lot, and trash removal are all maintained by the Association. This is a great real estate investment opportunity. Preferably sold as a package with adjacent 1514 Crimson Ln MLS#11974506. Schedule your viewing today!
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Wall Sleeve, Window Unit(s)
Fireplace Y
Exterior
Utilities Available Water-Municipal
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
Others
HOA Fee Include Parking,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal
Read Less
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Rutul Parekh • ARNI Realty Incorporated