$765,000
$725,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
10 Baths
SOLD DATE : 03/23/2022
Key Details
Sold Price $765,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
Subdivision Cornell Lakes
MLS Listing ID 11312540
Sold Date 03/23/22
Bedrooms 8
Year Built 1988
Annual Tax Amount $13,676
Tax Year 2020
Lot Dimensions 59X6X22X47X22X6X59X56
Property Sub-Type Two to Four Units
Property Description
***MULTIPLE OFFERS***HIGHEST AND BEST OFFER DUE BY MONDAY JAN 31 @ 10AM*** 504-510 N Lake Shore Dr Palatine. Fully rented 4 unit building! Always rents quickly and easily! Owner hates to sell but it's time. The building is tucked away and overlooks a pond. Two units are 2-story with 2 Bedrooms, 2.5 Baths, one ranch coach-style unit with 2 bedrooms, 2 Full baths and one upper-level Penthouse unit with 2 bedrooms, 2 Full Baths. All units have their own private entrance, one car garage, washer/dryer and separate utilities. The ranch (506) and the Penthouse (510) have been completely updated. 508 Has updated kitchen and 1/2 bath. 504 is in excellent rental grade condition. Great school district - Paddock Elementary, Sundling Jr High and Fremd High School. 2 min drive to downtown Palatine and it's Metra station. These 4 Unit buildings don't come on the market often but when they do they sell very quickly.
Location
State IL
County Cook
Area Palatine
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Parking Features Attached, Detached
Garage Spaces 4.0
Community Features Lake, Curbs, Sidewalks, Street Lights, Street Paved
Roof Type Asphalt
Building
Lot Description Common Grounds, Pond(s), Sidewalks, Streetlights
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
Elementary Schools Stuart R Paddock School
Middle Schools Walter R Sundling Junior High Sc
High Schools Wm Fremd High School
School District 15 , 15, 211
Others
Ownership Fee Simple w/ HO Assn.
Special Listing Condition List Broker Must Accompany
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Orest Zubrycky • Coldwell Banker Realty
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