1518 Crimson Lane Palatine, IL $ 825,000
1518 Crimson Lane
$ 825,000
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1518 Crimson Lane

Palatine, IL, 60074
$ 825,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 5,483

1518 Crimson Lane, Palatine, IL 60074 - Image 1
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Multi-Family Home for sale in Palatine, IL

for $825,000 with 3 bedrooms. This home was built in 1982.

Three story brick apartment building was constructed in 1982 & contains six (6) multi-family units. The multi-family building has five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1- Bathroom unit with 5,000 square feet of living area in 5,832 square feet of gross area on a 0.06-acre parcel. The Property features on site laundry, and on-site parking for residents. The property is well located within the Silver Lake Apartments residential community, a 250 + unit apartment complex that is situated in a quiet residential community with mature trees and landscaping and a small pond. The Property is ideally positioned within Palatine and is surrounded by similar multi-family and single-family residential communities. The Property is located just off Dundee Road (IL Route 68), one of the area's primary commercial and commuter corridors. The Property enjoys close proximity to IL Routes 68 and 53 and US Routes 12 and 14. The property is a short drive or bus ride from the Arlington Park Metra Station for quick, direct access to Chicago and the surrounding areas.

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Multi-Family Contingent

Price

$ 825,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 16,531

Style

Year Built

1982

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12056063

Features
General
Year Built 1982
Tenant Pays Electricity
Stories 3
Tax Year 2022
Gross Income 73200
County Cook
Net Operating Income 49080
Operating Expense 23310
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
Status Contingent
Directions From Corner of Dundee Rd and N Hicks Rd Go East on Dundee Rd until N Frontage Rd and Take a right Drive South on Frontage Rd until Silver Ln and Take right Drive South on N Silver Ln and take a r
City Palatine
Total Units 6
MLS Area Palatine
Street Name Crimson
Tax Annual Amount 16531.7
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 4
Standard Status Active Under Contract
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Exterior
Lot Dimensions 15 X 16
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Interior
Street Suffix Lane
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* Excluded Features
List By
Coldwell Banker Realty

Broker

rocco.zaccaro@cbrealty.com;rocco.zaccaro@gmail.com

Email

Affordability Calculator

$6,861
Per Month
80%
20%
0%
Monthly Principal & Interest
$5,483
Monthly Property Taxes
$1,378
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$825,000 Listed Price

Map


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1518 Crimson Lane, Palatine, IL, 60074 is a Multi-Family Home for sale at $825,000. 1518 Crimson Lane has 3 bedrooms, 0.0 baths, and was built in 1982. The property's zip code is 60074 which is in Palatine, IL