O'Neil Property Group

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$850,000
32 Days On Site

552 E Northwest Highway
Palatine, IL 60074

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
6,694
SqFt
$127
/SqFt
1956
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Hometown Real Estate Group
552 E Northwest Highway552 E Northwest Highway552 E Northwest Highway552 E Northwest Highway
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Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two minutes away from former Arlington Park Racecourse. Great Exposure on Northwest Hwy., Close Proximity to IL Rte 53, .Lots of parking- 6 in front and 8 or more in the back. 127' of Frontage along Northwest Hwy. Two completely remodeled apartments. 3 bedroom (apx. 1500 SF) and 2 bedroom (apx. 1200 SF) apartment, both with in-unit laundry, hardwood floors, new kitchens with quartz countertops, new baths, open, contemporary lay-out, and separate utilities..5000 SF of Retail space on first floor. 1stt floor has two separate offices, could be use for offices, warehouse, retail/stores, etc., separate utilities, kitchen with sub-zero refrigerator, restrooms, dock door in a back for deliveries, all newer and remodeled. 2.5 car garage. Building has 5 furnaces, 5 A/C units, 3 water meters, The building is in pristine condition. One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.

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Listing Snapshot
PriceΒ 
$850,000
Days On SiteΒ 
32 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
6,694 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1956
MLS NumberΒ 
12773893
StatusΒ 
Active
Property TaxΒ 
$15,907
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
4 weeks agoStatus changed to Active
a month agoListing first seen on site
General Features
Additional Property UseΒ 
Office
FoundationΒ 
Concrete Perimeter
Property Sub TypeΒ 
Mixed Use
SqFt TotalΒ 
6694
UtilitiesΒ 
Natural Gas AvailableSewer Connected
Water SourceΒ 
Public
ZoningΒ 
MULTI
Interior Features
CoolingΒ 
Central Air
ElectricΒ 
Circuit Breakers
FlooringΒ 
TileWood
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Exterior Features
Construction DetailsΒ 
Brick
RoofΒ 
Tar/Gravel
Community Features
MLS AreaΒ 
Palatine
TownshipΒ 
Palatine
Listing Courtesy of MRED as distributed by MLS Grid of Hometown Real Estate Group



Based on information submitted to the MLS GRID as of 2026-11-03 09:15 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-03 09:15 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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