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51 W Wilson Street W, Palatine, IL 60067
$899,000
51 W Wilson Street W, Palatine, IL 60067View this property at 51 W Wilson Street W, Palatine, IL 60067
51 W Wilson Street WPalatineIL60067
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Property Description
Located directly in Downtown Palatine this Mixed Use building has prime location plus Cashflow! Any Investor's Dream! Just walking distance to the Palatine Metra Station, this unique Mixed Use building has 3 residential condos plus a Palatine staple, Darios, on the main level. Each Condo unit has 2 bedrooms plus 1 full bath along with their very own Washer and Dryer in Unit. Strong Rental history with long term tenants for all units! Not to mention, each condo has great patio space perfect for entertaining. Plumbing and electrical still intact with additional storage in lower level. Lots of Municipal parking surrounding the building. Zoned B-3 which includes many different uses. Gross lease, Owner pays taxes and insurance. Prime Location just in time for the potential Bears Multi-Use Stadium project one train stop away. This is a must see!!
Full Property Details
Full Property Details for 51 W Wilson Street W
General
- Price: $899,000
- Taxes: $12,315 (2022)
- Status: Active
- Type: Store
- MLS ID: 11934405
- Updated: 1/30/2024
- Added to Site: 166 day(s) ago
Interior
- Interior Features: Multi-Tenant, Public Restroom(s), Basement
- Flooring: Wood
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Take Plum Grove north of tracks to Wilson west to property. Across the street from Tap House Grill and the Metra Station
- Location Details: Northwest Suburban, Central Business District, Corner, Mixed-Use Area, Public Transport Avail
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Trash: 65
Structural Information
- Construction: Wood Frame
- Exterior Const.: Vinyl Siding
- Roof: Composition
- Sub-Flooring: Wood
- Stories/Levels: 2
- Square Feet: 3,932
- Current Bldg. Use: Commercial, Condominium
- # of Stores: 1
- Year Built: 1869
- Built Before 1978: Yes
Unit Information
- # Tenants: 4
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
- # Dryers: 4
Lot Features
- Lot Size (Sq. Ft.): 3,244
- Lot Dimensions: 120 x 102 x 62
- Frontage: City Street, Public Road
- Potential Use: Commercial, Condominium
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $2,800
- Operating Expenses: $4,420
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1869
- Tax Amount: $12,315
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Scavenger, Sewer
- Pays Trash: 65
Disclosures and Reports
- Property ID: 2154230060000
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Schools
Schools serving 51 W Wilson Street W
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
Rating | Name | Grades | Distance |
---|---|---|---|
101 N Oak St, Palatine, IL 60067 | K-6 | 0.4 mi | |
1100 N Smith St, Palatine, IL 60067 | 7-8 | 1.2 mi | |
1111 N Rohlwing Rd, Palatine, IL 60074 | 9-12 | 1.9 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 51 W Wilson Street W
Date
Details
Price
Change
Source
1/24/2024
Price Reduced
$899,000
-5.37%
MLS
11/21/2023
Listed
$950,000
35.71%
MLS
9/15/2022
Sold
$700,000
—
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 51 W Wilson Street W
Year
Property Taxes
Change
Tax Assessment
Change
2022
$12,315
12%
$42,999
27%
2021
$10,968
2%
$33,772
—
2020
$10,804
-3%
$33,772
-13%
2019
$11,133
-8%
$38,819
—
2018
$12,066
2%
$38,828
—
2017
$11,838
8%
$38,828
—
2016
$11,009
6%
$38,828
15%
2015
$10,351
1%
$33,690
—
2014
$10,225
3%
$33,690
—
2013
$9,964
17%
$33,690
6%
2012
$8,544
—
$31,867
—
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 51 W Wilson Street W
51 W Wilson Street W, Palatine, IL 60067 (MLS# 11934405) is a Store property. 51 W Wilson Street W is currently listed for $899,000 and was received on November 21, 2023. Want to learn more about 51 W Wilson Street W? Do you have questions about finding other Store real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.