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Listing provided courtesy of American International RealtyMREDas Distributed by MLSGrid- MLS# 12680785MLS Provider

1875 N Green Lane NPalatine, IL 60074

Commercial · 9 Beds · 0.06 Acres
$999,000 Active

1875 N Green Lane N Overview

Time on Site:
12 days
Visits:
0

GREAT INVESTMENT. YEARLY INCOME INCOME $73,000. FOR OVER ASSOCIATION LISTED AS OTHER EXPENSE ($375 MONTHLY ASSESSEMENT) COVERS LANDSCAPING, SNOW REMOVAL, SCAVENGER AND PARKING LOT MAINTENANCE. ALL SPACIOUS 3-2 BEDROOM AND 3-1 BEDROOM UNITS WITH BALCONIES ARE ALWAYS RENTED. PLENTY OF PARKING AND NICE GREENERY AREAS AROUND THE PROPERTY.

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1875 N Green Lane N Facts & Features

  • Type Commercial
  • Lot 0.06 Acres

Details

General

Income/Expenses

  • Other Expense: 3800
  • Electric Expense: 2000
  • Fuel Expense: 0
  • Gross Income: 105000
  • Gross Scheduled Income: 105000
  • Insurance Expense: 8000
  • Maintenance Expense: 0
  • Net Operating Income: 72457
  • Operating Expense: 32543
  • Trash Expense: 0
  • Water Sewer Expense: 3550

Building Information

  • Year Built: 1985

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Palatine
  • Township: Palatine

Rent/Lease Information

  • Tenant Pays: Electricity, Heat

Tax Information

  • Tax Annual Amount: $15,194.00
  • Tax Year: 2024

General Information

  • Parcel Number: 02013020420000
  • Possible Use: Multi-Family
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Electric: Separate Meters
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 2718

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 1

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

1875 N Green Lane N Neighborhood

Community

60074 (Palatine) Demographics

35
Median Age
5,186
Population Density (per sq. mile)
48%
College Educated
$69,416
Estimated Median Income
8,708
Estimated Total Home Owners
5,785
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1875 N Green Lane N Monthly Cost

$
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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1875 N Green Lane N Market Data

Based on the last 30 days in this zip code

$392,934
Average List Price
$235
Average Price per Square Foot
30
Properties Sold
45
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

1875 N Green Lane N History

Date Event Value Agent
6/23/2026Source: MRED Status Change
Active
6/17/2026Source: MRED Added to Database
June 17, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022