1516 Crimson Ln Palatine, IL 60074

MULTIPLE OFFERS RECEIVED. OFFER DEADLINE 02/11/2024 @ 7PM. Welcome to this well-maintained six-unit residential property conveniently located near Dundee Rd and Rt 53 in the Silver Lake community. Consisting of five spacious two-bedroom apartments and one cozy one-bedroom unit, all of which are currently occupied by long-term, reliable tenants. Nestled in a quiet location, with all units having great views of a pond from their living rooms and balconies. Tenants are responsible for covering their own electricity and heating expenses. The building offers an on-site laundry room situated on the first floor with new washer and dryer units, ensuring efficient laundry services exclusively for the residents, and a full basement for additional storage. The property owner takes care of water expenses, as well as electricity costs for the laundry room and common areas. Vacancies are a rarity in this sought-after complex. The building's exterior is constructed with durable brick, which promises longevity with minimal maintenance requirements. Landscaping surrounding the property, snow removal, a recently paved parking lot, and trash removal are all maintained by the Association. This is a great real estate investment opportunity. Preferably sold as a package with adjacent 1514 Crimson Ln MLS#11974506. Schedule your viewing today!