215 Smith Street, Palatine, Illinois 60067


$250,000

Sold
Status: Closed
Sqft: 900
Cost/Sqft: $288
Beds: 2
Baths: 1
Year Built: 1953
Property Taxes: $6,601
Days On Market: 1565
Lot Size: 0,32
Map
Street View

Description

Score instant cash flow with this awesome investment opportunity that's now available! Wonderful tenants are in place with a lease that expires in January 2023 with an auto-renew option that if exercised, extends the lease to January 2024. Updated kitchen with granite countertops and stainless steel appliances. Fresh paint throughout and beautiful hardwood floors in the living room and bedrooms. This home is light and bright thanks to new windows and overhead can lighting in the living room. Big laundry room with a washer and dryer and cabinets for storage. One and a half car garage. Low maintenance siding, soffits, and fascia, on the exterior. Set on a third of an acre parcel of land, due to its stellar location, has a ton of potential for expansion and could one day be attractive to a builder. Excellent location, tucked away on a quiet street (check the map, it's not located on 'busy' Smith Street). Walking distance to the train and restaurants in downtown Palatine, and feeds into popular Fremd. Two PINs, taxes are $6600 and do not reflect a homeowner exemption. Beat inflation by getting your money out of the bank and invest it in real estate! Tenants pay $1900 a month and are responsible for utilities, lawn care, and snow removal.

Property Specifics

Single Family
1953
RANCH
No
0.32
Cook
0 / Not Applicable
11381258
02222160060000

Nearby Schools

NAME: DISTRICT: DISTANCE:
Grade School
Stuart R Paddock School
15
Middle School
Plum Grove Junior High School
15 Not in DB
High School
Wm Fremd High School
211 Not in DB

Property History

DATE: EVENT: PRICE: SOURCE:
8 Jul, 2022 Sold $250,000 MRED MLS
2 May, 2022 Under contract $259,000 MRED MLS
1 May, 2022 Listed for sale $259,000 MRED MLS

Room Specifics

All Bedroom Info:
Total Bedrooms: 2
Bedrooms Above Ground: 2
Bedrooms Below Ground: 0
Second Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Bathroom Info:
Full Bathrooms: 1
Partial Bathrooms: 0
Bathroom Amenities: —
Bathroom in Basement: 0
Additional Rooms Info:
Rooms: —
Basement: —
Basement Description: Crawl

Other Specifics

1.5
Asphalt
13770
Not in DB

Tax History

Year Property Taxes
2022 $6,601

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Contact Agent

Listing Provided By

Keller Williams Success Realty