Contingent
$750,000

1514 Crimson Lane
Palatine, IL 60074

Multi-Family, Business Opportunities
Commercial
5,832
Sq. Ft.
0.06
Acre Lot
Courtesy: Homesmart Connect LLC
CB Today> Illinois> Palatine> 60074
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 1516 Crimson Ln MLS#11974689. Schedule your viewing today!
11974506
Commercial - Multi-Family, Business Opportunities, 3+ Story
1982
Cook
0.06 Acres
Public
3
Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

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Courtesy: Homesmart Connect LLC
Listings courtesy of MRED as distributed by MLS GRID

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