421 N Hicks Rd.

Palatine, IL 60067
421 N Hicks Rd., Palatine, IL 60067

Sold for $825,000 on 3/02/22

Beds Baths Built Sq.Ft. Garage Taxes On Market
— — 1961 — 0 $24,029 1280 days

Wonderful Location 8 Unit Building in the Heart of Palatine. Across from Marianos and just blocks from Downtown Palatine - Metra Shopping and Dining. All easily rented One Bedroom Units. Building has been fairly well maintained built in wall AC units, Paved Large Parking Area and Extended Grass Area 2 parking spaces per unit. Laundry and Storage on First Floor. Fully rented with leases. Taxes are currently paid under protest. Based on uniformity, the taxes for buildings on either side of this property and the attorney who has already filed the appeal, taxes should be about $15,000 which will bring net income to $59,980 or the cap rate to 6.77 Great Oppportunity!

Listing courtesy of Compass

421 N Hicks Rd. is a multi-unit home built in 1961, and is located in Palatine, IL in the Fairgrounds Park subdivision. It has 0 bedrooms and — bathrooms, and has annual property taxes of $24,029.

Marco Amidei
Marco Amidei
(888) 32-Marco (847) 630-4886
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