411 N Hicks Road Palatine, IL ^$ 1,200,000

411 N Hicks Road

^$ 1,200,000

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Recently Listed

411 N Hicks Road

Palatine, IL, 60067

^$ 1,200,000

Bedrooms5 Baths0.0

Monthly Estimate*

^$ 7,577

411 N Hicks Road, Palatine, IL 60067 - Image 1

411 N Hicks Road, Palatine, IL 60067 - Image 2

411 N Hicks Road, Palatine, IL 60067 - Image 3

411 N Hicks Road, Palatine, IL 60067 - Image 4

411 N Hicks Road, Palatine, IL 60067 - Image 5

Multi-Family Home for sale in Palatine, IL

for $1,200,000 with 5 bedrooms. This home was built in 1960.

Incredible income potential opportunity!! Easy to rent 1 bedroom apartments, @$1300/month each - 8 units, with common laundry, storage cages, and tons of parking. Conveniently located in an area of mixed commercial and residential buildings, fantastic access to shopping, downtown Palatine, and train station.

Multi-Family Active

Price

^$ 1,200,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 13,303

Style

Year Built

1960

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12728178

Features

General

Cooling Wall Sleeve

Utilities Sewer Connected

Possession Closing

Roof Tar/Gravel

Construction Materials Brick

Year Built 1960

Electric Service - 101 to 200 Amps

Tenant Pays Electricity

Stories Count 3

Township Palatine

Tax Year 2024

Gross Income 126000

County Cook

Net Operating Income 90951

Operating Expense 35049

Insurance Expense 4230

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 3801

Status New

Directions Corner of Northwest Hwy (Rte 14) and Hicks Rd (must enter from northbound NW Hwy)

City Palatine

Number Of Units Total 8

MLS Area Palatine

Tax Annual Amount 13303

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 5708

Additional Parcels Y/N N

Standard Status Active

Cap Rate 7.6

Interior

Basement None

Total Fireplaces 0

Exterior

Water Source Community Water

Foundation Details Concrete Perimeter

Lot Dimensions 218 X 75

* Excluded Features

List By

Berkshire Hathaway Homeservices Starck Real Estate

Broker

dwasmund@starckre.com

Affordability Calculator

$8,686

Per Month

Monthly Principal & Interest: $7,577
Monthly Property Taxes: $1,109
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Palatine, IL

Average List Price ^$1,099,500

Percent of Sale Price 8%

About Palatine, IL

67,137 Population

2% Since 2002

^$76,021 Median Income

39.39 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/11/2026	$1,200,000		Listed Price

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411 N Hicks Road, Palatine, IL, 60067 is a Multi-Family Home for sale at $1,200,000. 411 N Hicks Road has 5 bedrooms, 0.0 baths, and was built in 1960. 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 6.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 8/13/2026.

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411 N Hicks Road

Multi-Family Home for sale in Palatine, IL

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