224, 228 E Rimini Court
Palatine, IL, 60067
$2,800,000
2 Beds
1 Baths
0 SqFt
0 Acres
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MLS #MRD12580476 image #0
224 & 228 Rimini Court, Palatine, IL – 12-Unit Apartment Building *Outstanding investment opportunity in a prime Palatine location. This fully remodeled 12-unit property offers twelve 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.

Property Details

Price:
$2,800,000
MLS #:
MRD12580476
Status:
Active Under Contract
Beds:
2
Baths:
1
Type:
Commercial
Neighborhood:
palatine
Listed Date:
Mar 1, 2026
Year Built:
1984
PalatinePalatine

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Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Block, Wood
Stories
3

Financial

HOA Includes
Parking, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Maintenance Fee
$19,697
Net Operating Income
$214,713
Tax Year
2023
Taxes
$32,719

Map

Community

Market Summary

Current real estate data for Commercial in Palatine as of May 15, 2026
9
Commercial Listed
117
Avg DOM
$1,232,756
Avg List Price

Property Summary

    224, 228 E Rimini Court Palatine IL is a Commercial for sale in Palatine, IL, 60067. It is listed for $2,800,000

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224, 228 E Rimini Court
Palatine, IL