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$925,000

  • Sold
  • Closed
  • Commercial
  • 5,670 Sq. Ft.
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Well Maintained 6 flat in quiet area near Dundee Rd and Rt 53. 5 two bedroom apartments and 1 one bedroom apartment. All overlook beautiful pond from their living room and balcony. Laundry machines on 1st floor are owned. Tenants pay own electricity and heat. Owner pays water and electricity for laundry room and staircases. Pays for exterior maintenance except roof. There are 16 parking permits per building and Visitor Stickers are available for $1 each. Rarely has a vacany. All brick building is attractive and entire complex is nicely landscaped and well kept.

Full Property Details for 1538 Crimson Ln

General

  • Sold For: $925,000
  • Taxes: $16,622 (2023)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12572672
  • Added to Site: 43 day(s) ago

Interior

  • Interior Features: Laundry Room

Location

  • Area: Palatine
  • County: Cook
  • Driving Directions: Dundee W of Rt 53 to Frontage, S to 2nd Silver Lakes entrance, turn R & park on left by Visitors sign.
  • Location Details: Water View

Community

  • Assoc. Fees Include: Parking, Lawn Care, Scavenger, Snow Removal

Heating & Cooling

  • Cooling Type: Wall Sleeve
  • Heating Type: Electric, Baseboard

Utilities

  • Water: Municipal Water
  • Onsite: Sewer Connected

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 5,670
  • Current Bldg. Use: Multi-Family
  • Year Built: 1981

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6
  • # Dryers: 1

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,600
  • Lot Dimensions: 49 x 54 x 46 x 59
  • Frontage: Frontage Road, Township Road
  • Potential Use: Condominium
  • Zoning: MULTI

Financial Considerations

  • Operating Expenses: $7,800
  • Assessment Year: 1981
  • Tax Amount: $16,622
  • Tax Year: 2023
  • Tenant Pays: Electricity, Heat, Hot Water

Disclosures and Reports

  • Property ID: 2122060690000

Listed and Sold by RE/MAX At Home

Listing agent

— 1538 Crimson Ln —

  • RE/MAX At Home

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1538 Crimson Ln

School Districts:Palatine Community Consolidated School District 15, Township High School District 211
NameGradesDistance
Lake Louise Elementary School
500 North Jonathan Drive, Palatine, IL 60074
K-51.2 mi
Winston Campus Jr High School
120 North Babcock Drive, Palatine, IL 60074
6-81.9 mi
Palatine High School
1111 North Rohlwing Road, Palatine, IL 60074
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1538 Crimson Ln

Date
Details
Price
Change
Source
3/20/2026
Sold
$925,000
-7.5%
MLS
2/19/2026
Listed
$1,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by RE/MAX At Home

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1538 Crimson Lane, Palatine, IL 60074 (MLS# 12572672) is a Commercial property that was sold at $925,000 on March 20, 2026. Want to learn more about 1538 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.