Recently Viewed Properties
See This Home
Save This Listing
Close

$2,542,500

  • Sold
  • Closed
  • Commercial
  • Updated 1 day ago
See This Home
Save This Home
See This Home
Save This Home
224 & 228 Rimini Court, Palatine, IL - 12-Unit Apartment Building *Outstanding investment opportunity in a prime Palatine location. This fully remodeled 12-unit property offers twelve spacious two-bedroom, one-bathroom condos, each equipped with individual central heating and air conditioning. *All units have been completely updated, featuring modern finishes, renovated kitchens and bathrooms,flooring and appliances replaced within the last few years. Each unit also includes a private balcony with views of a wooded area to the rear of the property. *Building improvements include a newer roof, windows, and sliding doors, secure intercom system, individual basement storage units, and much more... *The property backs to a quiet wooded area, providing privacy and outdoor space for residents. *Located near schools, shopping, transportation, and parks, this turn-key asset offers strong rental potential and consistent performance in a highly desirable suburban market.

Full Property Details for 224 228 E Rimini Ct

General

  • Sold For: $2,542,500
  • Taxes: $32,719 (2023)
  • Status: Closed
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12580476
  • Added to Site: 83 day(s) ago

Additional Information

  • Security/Safety: Alarm on Site

Location

  • Area: Palatine
  • County: Cook
  • Driving Directions: Hicks N of Rte 14 to Rimini Ct to 228
  • Location Details: Cul-de-Sac

Community

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

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Heat/Individual Controls

Utilities

  • Water: Community Water

Structural Information

  • Construction: Brick, Block, Wood
  • Exterior Const.: Brick, Block, Wood
  • Basement Desc.: Partially Finished
  • Foundation: Concrete Perimeter
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1984

Unit Information

  • Units w/Refrigerators: 12
  • Units w/Range/Oven: 12
  • # Dryers: 14

Lot Features

  • Lot Dimensions: 106 x 53
  • Frontage: City Street
  • Potential Use: Condominium
  • Zoning: MULTI

Financial Considerations

  • Operating Expenses: $66,387
  • Security Deposit: Alarm On Site
  • Assessment Year: 1984
  • Tax Amount: $32,719.32
  • Tax Year: 2023
  • Tenant Pays: Electricity, Heat

Disclosures and Reports

  • Property ID: 2141000831106

Meet the listing agent

Meet the listing agent
— 224 228 E Rimini Ct —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 224 228 E Rimini Ct

School Districts:Palatine Community Consolidated School District 15, Township High School District 211
NameGradesDistance
Lincoln Elementary School, Palatine, IL
1021 North Ridgewood Lane, Palatine, IL 60067
K-50.4 mi
Walter R Sundling Jr High School
1100 North Smith Street, Palatine, IL 60067
6-80.8 mi
Palatine High School
1111 North Rohlwing Road, Palatine, IL 60074
9-121 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 224 228 E Rimini Ct

Date
Details
Price
Change
Source
5/13/2026
Sold
$2,542,500
-9.2%
MLS
3/01/2026
Listed
$2,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Just Listed near 224 228 E Rimini Ct

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

2600 Brookwood Way Dr, Rolling Meadows, IL 60008 - Photo 1 Just Listed
$183,900

2600 Brookwood Way Dr  #114  Rolling Meadows, IL 60008

  • Condo
  • Active
  • Updated 2 days ago
  • 1
    Bed
  • 1
    Total Bath
Listed by Vladimir Rusev (630) 550-9367
1 Carlisle On Duxbury Ct, Rolling Meadows, IL 60008 - Photo 1 Just Listed
$399,900
Open House

1 Carlisle On Duxbury Ct  #1  Rolling Meadows, IL 60008

  • Condo / Townhouse
  • Active
  • Updated 7 hours ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,470
    Sq. Ft.
5400 Carriageway Dr, Rolling Meadows, IL 60008 - Photo 1 Just Listed
$225,000

5400 Carriageway Dr  #315  Rolling Meadows, IL 60008

  • Condo
  • Active
  • Updated 5 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 1,050
    Sq. Ft.
5450 Astor Ln, Rolling Meadows, IL 60008 - Photo 1 Just Listed
$205,000

5450 Astor Ln  #210  Rolling Meadows, IL 60008

  • Condo
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 2
    Total Baths

Price Reduced near 224 228 E Rimini Ct

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1210 Dale Ave, Arlington Heights, IL 60004 - Photo 1 Price Reduced
-$5,000 (-3.57%)
$135,000

1210 Dale Ave  #2I  Arlington Heights, IL 60004

  • Condo
  • Active
  • Updated 4 days ago
  • 1
    Bed
  • 1
    Total Bath
  • 800
    Sq. Ft.
20812 N Swansway, Deer Park, IL 60010 - Photo 1 Price Reduced
-$50,999 (-4.43%)
$1,099,000
Open House

20812 N Swansway  Deer Park, IL 60010

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 5
    Total Baths
  • 4,125
    Sq. Ft.
21899 N Brandy St, Kildeer, IL 60047 - Photo 1 Price Reduced
-$5,000 (-0.58%)
$850,000

21899 N Brandy St  Kildeer, IL 60047

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 4
    Total Baths
  • 2,603
    Sq. Ft.
23145 N Pinehurst Dr, Kildeer, IL 60047 - Photo 1 Price Reduced
-$10,000 (-1.43%)
$689,000

23145 N Pinehurst Dr  Kildeer, IL 60047

  • Condo / Townhouse
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,213
    Sq. Ft.

224, 228 E Rimini Court, Palatine, IL 60067 (MLS# 12580476) is a Commercial property that was sold at $2,542,500 on May 13, 2026. This property was listed by Galya Georgieva Team from our The Groves Office.Want to learn more about 224, 228 E Rimini Court? 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.