Date
Details
Price
Change
Source
3/01/2026
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/26
$1,400,000 Just Listed
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1/26
Property Description
228 Rimini Court, Palatine, IL - 6-Unit Apartment Building *Outstanding investment opportunity in a prime Palatine location. This fully remodeled 6-unit property offers 6 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. Its twin 224 Rimini Ct is also available for sale and you can make it 12 unit investment. Call for more details.
Full Property Details
Full Property Details for 228 E Rimini Ct
General
- Price: $1,400,000
- Taxes: $16,359 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12580469
- Updated: 3/1/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Partially
Additional Information
- Security/Safety: Alarm on Site
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- 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: Yes
- Basement Desc.: Partially Finished
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1984
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 7
Lot Features
- Lot Dimensions: 106 x 53
- Frontage: City Street
- Potential Use: Condominium
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $2,192
- Operating Expenses: $23,500
- Security Deposit: Alarm On Site
- Assessment Year: 1984
- Tax Amount: $16,359.66
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Pays Electric: 399
Disclosures and Reports
- Property ID: 2141000831111
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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— 228 E Rimini Ct —
NMLS#: 1598647
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Schools
Schools serving 228 E Rimini Ct
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Palatine, IL 1021 North Ridgewood Lane, Palatine, IL 60067 | K-5 | 0.4 mi |
Walter R Sundling Jr High School 1100 North Smith Street, Palatine, IL 60067 | 6-8 | 0.8 mi |
Palatine High School 1111 North Rohlwing Road, Palatine, IL 60074 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 228 E Rimini Ct
Tax History
Tax History for 228 E Rimini Ct
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,727
3%
$9,210
—
2022
$2,638
27%
$9,210
44%
2021
$2,080
2%
$6,404
—
2020
$2,049
—
$6,404
-10%
2019
$2,052
2%
$7,154
10%
2018
$2,016
2%
$6,488
—
2017
$1,978
8%
$6,488
—
2016
$1,840
-5%
$6,488
3%
2015
$1,939
1%
$6,312
—
2014
$1,916
3%
$6,312
—
2013
$1,867
—
$6,312
-9%
2012
$1,866
—
$6,961
—
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 228 E Rimini Ct
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- Townhouse
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,776Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
- 1,204Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,599Sq. Ft.
![[Address not provided], Arlington Heights, IL 60005 - Photo 1](https://m.cbhomes.com/p/155/12567982/280C53ef2e254b0/s23cc.webp)
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 4Total Baths
- 3,200Sq. Ft.
Listed by Noe Favela (708) 217-9387
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 2,302Sq. Ft.
Listed by Gretchen Dust (815) 823-9614
- Condo
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 900Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,442Sq. Ft.
- Townhouse
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 3,328Sq. Ft.
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![[Address not provided], Long Grove, IL 60047 - Photo 1](https://m1.cbhomes.com/p/156/12302707/8C2d47136823404/s23cc.webp)
228 E Rimini Court, Palatine, IL 60067 (MLS# 12580469) is a Commercial property. 228 E Rimini Court is currently listed for $1,400,000 and was received on March 01, 2026. This property is listed by Galya Georgieva Team from our The Groves Office.Want to learn more about 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.