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552 E Northwest Highway
Palatine IL 60074 US

$850,000

Active Listing ID 12773893
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Lot: 0.17 Acres
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Other

$850,000

Active Listing ID 12773893
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552 E Northwest Highway Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two minutes away from former Arlington Park Racecourse. Great Exposure on Northwest Hwy., Close Proximity to IL Rte 53, .Lots of parking- 6 in front and 8 or more in the back. 127' of Frontage along Northwest Hwy. Two completely remodeled apartments. 3 bedroom (apx. 1500 SF) and 2 bedroom (apx. 1200 SF) apartment, both with in-unit laundry, hardwood floors, new kitchens with quartz countertops, new baths, open, contemporary lay-out, and separate utilities..5000 SF of Retail space on first floor. 1stt floor has two separate offices, could be use for offices, warehouse, retail/stores, etc., separate utilities, kitchen with sub-zero refrigerator, restrooms, dock door in a back for deliveries, all newer and remodeled. 2.5 car garage. Building has 5 furnaces, 5 A/C units, 3 water meters, The building is in pristine condition. One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.

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Property Features

  • Facts
  • Lot Size: 0.17 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Floor Covering: Wood, Tile
  • Roof Type: Tar/Gravel

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 850000
  • unparsedaddress: 552 E Northwest Highway
  • postalcity: Palatine
  • stateorprovince: IL
  • country: US
  • postalcode: 60074
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1722
  • lotsizeunits: Acres
  • lotsizearea: 0.1722
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Jolanta Kazimierski
  • listagentemail: jolantaka@comcast.net
  • listagentkey: 3yd-MREDIL-143229
  • listagentmlsid: 143229
  • listagentpreferredphone: (773) 625-1121
  • listagentofficephone: 7737427936
  • listofficekey: 3yd-MREDIL-15391
  • listofficemlsid: 15391
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1956
  • listingcontractdate: 2026-10-01
  • listagenturl: http://www.hometownrealestategroup.com
  • countyorparish: Cook
  • parcelnumber: 02232140100000
  • cooling: Central Air
  • constructionmaterials: Brick
  • flooring: Wood, Tile
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Tar/Gravel
  • waterfrontyn: False
  • franchiseaffiliation: None
  • utilities: Natural Gas Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Hometown Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"hometownhousehunt@gmail.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"hometownhousehunt@gmail.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/5bd85a81a23b11dfbc1400219b994c72k-c4279685803r.png", "ListBrokerageName":"Hometown Real Estate", "ListBrokeragePhone":"(773) 625-1121", "ListBrokeragePostalCode":"60634", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"7700 W Belmont Ave", "ListBrokerageWebsiteUrl":"http://www.hometownrealestategroup.com", "ListOfficeAddress1":"7700 W. Belmont Ave. ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"15391", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"hometownhousehunt@gmail.com", "ListOfficePostalCode":"60634", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Palatine, IL", "ListingURL":null, "MLSModificationTimestamp":"2026-10-03 08:10:03", "Neighborhoods":[{"Description":null, "Name":"Palatine"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":15907, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/3/2026 8:16:46 AM GMT
Source Updated Date: 10/6/2026 12:47:03 AM GMT

Courtesy of: Jolanta Kazimierski, Hometown Real Estate Group, jolantaka@comcast.net

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.