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1538 Crimson Lane Palatine, IL $ 1,000,000
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$ 1,000,000 Get more info
1538 Crimson Lane
$ 1,000,000
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Share Save

1538 Crimson Lane

Palatine, IL, 60074
$ 1,000,000
Bedrooms3 Baths0.0 Sq 5,670

Monthly Estimate*

$ 6,157

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Multi-Family Home for sale in Palatine, IL

for $1,000,000 with 3 bedrooms. This 5,670 square foot home was built in 1981 on a lot size of 0.06.

Well Maintained 6 flat in quiet area near Dundee Rd and Rt 53. 5 two bedroom apartments and 1 one bedroom apartment. All overlook beautiful pond from their living room and balcony. Laundry machines on 1st floor are owned. Tenants pay own electricity and heat. Owner pays water and electricity for laundry room and staircases. Pays for exterior maintenance except roof. There are 16 parking permits per building and Visitor Stickers are available for $1 each. Rarely has a vacany. All brick building is attractive and entire complex is nicely landscaped and well kept.

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Multi-Family Pending

Price

$ 1,000,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 16,622

Style

Multi-Family

Lot Size

0.06

Year Built

1981

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12572672
Features
General
Cooling Wall Sleeve
Utilities Sewer Connected
Possession Closing
Roof Composition
Zoning MULTI
Association Fee Includes Parking Lawn Care Scavenger Snow Removal
Construction Materials Brick
Year Built 1981
Electric Circuit Breakers
Tenant Pays Electricity Heat Hot Water
Stories Count 3
Township Palatine
Tax Year 2023
Current Use Multi-Family
Gross Income 101460
County Cook
Net Operating Income 78575
Operating Expense 7800
Insurance Expense 3600
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Condominium
Status Pending
Directions Dundee W of Rt 53 to Frontage S to 2nd Silver Lakes entrance turn R & park on left by Visitors sign.
City Palatine
Number Of Units Total 6
MLS Area Palatine
Lot Size Square Feet 2600
Tax Annual Amount 16622
Electric Expense 400
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 3500
Additional Parcels Y/N N
Standard Status Pending
Cap Rate 7.8
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Interior
Basement None
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 5670
Lot Dimensions 49 X 54 X 46 X 59
Lot Size Acres 0.06
Frontage Type Frontage Road Township Road
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* Excluded Features
List By
Re/Max At Home

Broker

baseltarabein@remax.net;BaselTarabein@remax.net

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Affordability Calculator

$7,542
Per Month
82%
18%
0%
Monthly Principal & Interest
$6,157
Monthly Property Taxes
$1,385
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/19/2026$1,000,000 Listed Price

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1538 Crimson Lane, Palatine, IL, 60074 is a Multi-Family Home for sale at $1,000,000 with 5,670 sqft and a lot size of 0.06. 1538 Crimson Lane has 3 bedrooms, 0.0 baths, and was built in 1981. The property's zip code is 60074 which is in Palatine, IL

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