O'Neil Property Group

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$850,000
12 Days On Site

552 E Northwest Highway
Palatine, IL 60074

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
7,000
SqFt
$121
/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
Price 
$850,000
Days On Site 
12 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1956
MLS® Number 
12773893
Status 
Active
Property Tax 
$15,907
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoStatus changed to Active
2 weeks agoListing first seen on site
General Features
Additional Property Use 
Office
Foundation 
Concrete Perimeter
Property Sub Type 
Mixed Use
SqFt Total 
7000
Utilities 
Natural Gas AvailableSewer Connected
Zoning 
MULTI
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
Flooring 
TileWood
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Exterior Features
Construction Details 
Brick
Roof 
Tar/Gravel
Community Features
MLS Area 
Palatine
Township 
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 2026-10-14 07:10 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: 2026-10-14 07:10 AM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.

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