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1518 Crimson Lane, Palatine, IL 60074
$825,000 Contingent
1518 Crimson Lane, Palatine, IL 60074View this property at 1518 Crimson Lane, Palatine, IL 60074
1518 Crimson LanePalatineIL60074
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Property Description
Three story brick apartment building was constructed in 1982 & contains six (6) multi-family units. The multi-family building has five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1- Bathroom unit with 5,000 square feet of living area in 5,832 square feet of gross area on a 0.06-acre parcel. The Property features on site laundry, and on-site parking for residents. The property is well located within the Silver Lake Apartments residential community, a 250 + unit apartment complex that is situated in a quiet residential community with mature trees and landscaping and a small pond. The Property is ideally positioned within Palatine and is surrounded by similar multi-family and single-family residential communities. The Property is located just off Dundee Road (IL Route 68), one of the area's primary commercial and commuter corridors. The Property enjoys close proximity to IL Routes 68 and 53 and US Routes 12 and 14. The property is a short drive or bus ride from the Arlington Park Metra Station for quick, direct access to Chicago and the surrounding areas.
Full Property Details
Full Property Details for 1518 Crimson Ln
General
- Price: $825,000
- Taxes: $16,531 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 12056063
- Updated: 5/17/2024
- Added to Site: 14 day(s) ago
Location
- Area: Palatine
- County: Cook
- Driving Directions: From Corner of Dundee Rd and N Hicks Rd Go East on Dundee Rd until N Frontage Rd and Take a right Drive South on Frontage Rd until Silver Ln and Take right Drive South on N Silver Ln and take a right on Crimson Ln
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 3
- Year Built: 1982
Lot Features
- Lot Dimensions: 15 x 16
Financial Considerations
- Operating Expenses: $23,310
- Assessment Year: 1982
- Tax Amount: $16,531.7
- Tax Year: 2022
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 2122060910000
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Schools
Schools serving 1518 Crimson Ln
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
Rating | Name | Grades | Distance |
---|---|---|---|
500 N Jonathan Dr, Palatine, IL 60074 | K-6 | 1.2 mi | |
120 N Babcock Dr, Palatine, IL 60074 | 7-8 | 1.8 mi | |
1111 N Rohlwing Rd, Palatine, IL 60074 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1518 Crimson Ln
Date
Details
Price
Change
Source
5/14/2024
Listed
$825,000
44.74%
MLS
8/18/2005
Sold
$570,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1518 Crimson Ln
Year
Property Taxes
Change
Tax Assessment
Change
2022
$17,112
17%
$58,999
31%
2021
$14,632
2%
$45,178
—
2020
$14,340
-3%
$45,178
-13%
2019
$14,747
32%
$52,169
41%
2018
$11,187
-17%
$36,945
-19%
2017
$13,455
7%
$45,391
—
2016
$12,536
19%
$45,391
28%
2015
$10,571
1%
$35,367
—
2014
$10,420
3%
$35,367
—
2013
$10,084
-3%
$35,367
-12%
2012
$10,394
—
$40,212
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1518 Crimson Ln
1518 Crimson Lane, Palatine, IL 60074 (MLS# 12056063) is a Commercial property. 1518 Crimson Lane is currently listed for $825,000 and was received on May 14, 2024. This property is listed by Rocco Zaccaro from our Oak Brook Office.Want to learn more about 1518 Crimson Lane? Do you have questions about finding other Commercial real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.