421 N Hicks Road

Palatine, IL
$ 885,000 Beds 3 Baths 0
Monthly Estimate* How much can I afford?

Wonderful Location 8 Unit Building in the Heart of Palatine. Across from Marianos and just blocks from Downtown Palatine - Metra Shopping and Dining. All easily rented One Bedroom Units. Building has been fairly well maintained built in wall AC units, Paved Large Parking Area and Extended Grass Area 2 parking spaces per unit. Laundry and Storage on First Floor. Fully rented with leases. Taxes are currently paid under protest. Based on uniformity, the taxes for buildings on either side of this property and the attorney who has already filed the appeal, taxes should be about $15,000 which will bring net income to $59,980 or the cap rate to 6.77 Great Oppportunity!

Multi-Family

  • Price
  • $ 885,000
  • Lot Size
  • 0.38 Acres
  • Bedrooms
  • 3
  • Full Bathrooms
  • 0
  • Year Built
  • 1961
  • Half Bathrooms
  • 0
  • City, Zip
  • Palatine
  • Taxes
  • $ 24029
  • County
  • COOK
  • Style
  • Multi-Family
  • Area
  • Palatine
  • MLS#
  • 11258348
  • Zip
  • 60067
Listing Provided by: Compass
Data Source: Midwest Real Estate Data (MRED) - 103 - IL

Features

General

Additional Parcels Y/N No
City Palatine
Construction Materials Brick
Cooling Wall Sleeve
County Cook
Current Use Multi-Family
Days on Market 6
Directions Corner of Northwest. Highway and Hicks
Electric Expense 778
Grossincome 84420
Insurance Expense 4345
Lot Size Square Feet 16425
MLS Area Palatine
Maintenanceexpense 1500
Net Operating Income 51300
Operatingexpense 34260
Possible Use Multi-Family
Property Type Multi Family 5+
Property Type Commercial Sale
Standard Status Active
Status Active
Stories 3
Street Name Hicks
Tax Annual Amount 24029
Tax Year 2020
Tenant Pays Air Conditioning, Electricity, Heat
Total Units 8
Township Palatine
Trash Expense 1488
Water Sewer Expense 1590
Year Built 1961

Interior Features

Street Suffix Road

Exterior Features

Exterior Brick
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 75 X 218
Lot Size Acres 0.38
Total Parking 16

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Loves Park, IL office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% 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.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/29/2021 Listed $885,000

Property vs Zip Code Average in 60067

Price
AVG $720K
$890K
Taxes
AVG $16,709
$24,029
Visits
AVG 22
11
Year Built
AVG 1978
1961
Walkscore
AVG 44
68
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

421 N Hicks Road Palatine, IL is a Single Family Home for sale at $885000 and a lot size of 0.38 Acres Acre(s). 421 N Hicks Road Palatine has 3 bedrooms, 0 baths and was built in 1961. The property's zip code is 60067 which is in Palatine, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% 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.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.