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224, 228 E Rimini Court Palatine, IL 60067 Multi Unit - Multiple New

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Description

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 Highlights

Property Type: Multi Unit - Multiple

General Information

County: Cook
Listed By:
Coldwell Banker Realty 847-541-5000
MRED MLS
$2,800,000
Est. $17,786/mo
New to the Market New
BEDS0 BATHS MLS#12580476
STATUSNew PROPERTY TYPEMulti Unit - Multiple

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224, 228 E Rimini Court , Palatine, IL 60067.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $2,800,000$2,800,000$2,800,000
Down Payment $98,000$0$560,000
Monthly Mortgage Amount $16,263$16,919$13,072
Taxes $3897$3897$3897
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,679$0$0
Monthly Estimated Total $22,656$21,633$17,786

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