Available for showings!! HUGE tax reduction just put an extra $3,300/year in your pocket! Perfect for live-in owners or investors, this place is a gem and an amazing investment. Great looking rehabbed 2-story, 2-unit building in fantastic Palatine location! Updates include New siding, windows, newer roof, new kitchen and baths, new furnace and central air units, and chimney. Close to transportation, shopping, restaurants, etc. .Turn-key investment opportunity. Tenants pay water, electric and gas. 5 parking spaces in rear
Multi-familyProperty Type
1927Year Built
3,920 sq ftLot Size
5 spacesParking
Listed by Vince Milito• Century 21 Elm, Realtors
Bought with Matthew Reilly• Keller Williams Chicago-Lakeview
Excellent investment opportunity this 2 unit building features 2 bedrooms and 1 bath in each unit, hardwood floors, open layout, 2 car garage and is just minutes from public transportation, expressways and shopping. CORPORATE OWNED, TAXES PRORATED AT 100%, BUYER IS RESPONSIBLE FOR SURVEY IF REQUIRED.
MRED as Distributed by MLS Grid #08786759
Nov 14, 2014
Listing Removed
—
Year
Property tax
Land + Additions
Assessment*
2023
$10,361 (+3.4%)
$2,999 + $35,622
$38,621
2022
$10,024 (+91.8%)
$2,570 + $32,429
$34,999
2021
$5,226 (+1.5%)
$1,499 + $14,591
$16,090
2020
$5,148 (−3.0%)
$1,499 + $14,591
$16,090
2019
$5,304 (−39.6%)
$1,499 + $16,996
$18,495
2018
$8,788 (+1.9%)
$1,392 + $26,888
$28,280
2017
$8,622 (+7.5%)
$1,392 + $26,888
$28,280
2016
$8,019 (+23.8%)
$1,392 + $26,888
$28,280
2015
$6,479 (+1.2%)
$1,285 + $19,803
$21,088
2014
$6,400 (+2.6%)
$1,285 + $19,803
$21,088
2013
$6,236 (+7.9%)
$1,285 + $19,803
$21,088
2012
$5,777 (+4.6%)
$1,927 + $19,621
$21,548
2011
$5,523 (+1.3%)
$1,927 + $19,621
$21,548
2010
$5,451 (−31.5%)
$1,927 + $19,621
$21,548
2009
$7,954 (+5.4%)
$2,034 + $32,490
$34,524
2008
$7,549 (+2.0%)
$3,255 + $33,086
$36,341
2007
$7,398
$3,255 + $33,086
$36,341
Tax history for 301 W Palatine Rd
Year
Property tax
Land + Additions
Assessment*
2023
$10,361 (+3.4%)
$2,999 + $35,622
$38,621
2022
$10,024 (+91.8%)
$2,570 + $32,429
$34,999
2021
$5,226 (+1.5%)
$1,499 + $14,591
$16,090
2020
$5,148 (−3.0%)
$1,499 + $14,591
$16,090
2019
$5,304 (−39.6%)
$1,499 + $16,996
$18,495
2018
$8,788 (+1.9%)
$1,392 + $26,888
$28,280
2017
$8,622 (+7.5%)
$1,392 + $26,888
$28,280
2016
$8,019 (+23.8%)
$1,392 + $26,888
$28,280
2015
$6,479 (+1.2%)
$1,285 + $19,803
$21,088
2014
$6,400 (+2.6%)
$1,285 + $19,803
$21,088
2013
$6,236 (+7.9%)
$1,285 + $19,803
$21,088
2012
$5,777 (+4.6%)
$1,927 + $19,621
$21,548
2011
$5,523 (+1.3%)
$1,927 + $19,621
$21,548
2010
$5,451 (−31.5%)
$1,927 + $19,621
$21,548
2009
$7,954 (+5.4%)
$2,034 + $32,490
$34,524
2008
$7,549 (+2.0%)
$3,255 + $33,086
$36,341
2007
$7,398
$3,255 + $33,086
$36,341
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
4,284 Sq. Ft.
Year renovated
—
Sq. Ft.
2,024
Year built
1926
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
02222000120000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 15, 2026.
Property details
Parking
Parking Information
# of Cars: 5
# of Exterior Parking Spaces: 5
Parking Space(s)
Parking On-Site
Parking Ownership: Owned Parking
Interior
Virtual Tour
Additional Media Type 1: Video
Bedroom Information
# of Bedrooms: 4
# of Bedrooms (Above Grade): 4
Bathroom Information
# of Baths (Full): 2
Additional Rooms Information
Full Basement
Unfinished Basement
Heating & Cooling
Gas Heating
Unit 1 Information
# of Rooms: 5
# of Beds: 2
# of Baths (Full): 1
Floor #: 1
Stove, Refrigerator, Microwave
Rent: $1,250
Lease Expiration Date: 5/20
Unit 2 Information
# of Rooms: 5
# of Beds: 2
# of Baths (Full): 1
Floor #: 2
Stove, Refrigerator, Dishwasher, Microwave
Rent: $1,250
Lease Expiration Date: 4/30
Exterior
Building Information
# of Units: 2
Built Before 1978
Age: 91-100 Years
Vinyl Siding
Asphalt/Glass Roof (Shingles)
Lot Information
Dimensions: 4284
Less Than .25 Acre
Corner
Zoning: SINGL
Property Information
# of Rooms: 10
Ownership: Fee Simple
Parcel Identification Number: 02222000120000
Financial
Financial Information
Tax: $5,304
Tax Year: 2019
Special Service Area: N
Total Rental Income: $30,000
Gross Rental Income: $30,000
Other Additional Income: Coin Laundry
Finance Code: Conventional
Utilities
Utility Information
Water: Public
Sewer (Public)
Location
School Information
Elementary School District: 15
Junior High District: 15
High School District: 211
Location Information
Township: Palatine
Corporate Limits: Palatine
Directions: PALATINE RD. WEST OF SMITH ST. EAST OF QUENTIN RD.
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,024
Stories: 2.0
Lot Size: 4,284 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1926
Year Renovated: —
County: Cook County
APN: 02222000120000
Home facts updated by county records on Sep 15, 2026
Other
Expense Information
Insurance: $1,625
Listing Information
Possession: Closing
Holds Earnest Money: Yes
Seller Concessions: No
Around this home
Schools
Stuart R Paddock School
Public PreK-5 • Assigned • 0.2mi
9/10
Plum Grove Junior High School
Public 6-8 • Assigned • 1.9mi
8/10
Wm Fremd High School
Public 9-12 • Assigned • 1.3mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 14 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Palatine, IL • 60067
Average low and high temperatures (°F)
29
15
37
22
54
34
62
43
69
49
81
63
85
68
81
64
78
58
67
49
50
37
35
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
10.2 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$497,000 – $602,000
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