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1426 East Ports O Call Drive 1426 E Ports O Call Dr 6 Unit Apartment Building $1,050,000 ($175,000/Unit) 6.45% Cap Rate Palatine, IL 60074
INVESTMENT HIGHLIGHTS
- Access & Connectivity
- Suburban Community Feel
- Strong Rental Demographics & Demand
- Area Amenities & Demand Drivers
- Off-Street Parking Amenities
- Quality of Life Amenities
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1426 E Ports O Call Drive in Palatine, IL (the “Property”). The multi-story building contains six (6) 2-Bedroom/1-Bathroom units with 5,250 square feet of gross living area and 6,624 square feet of gross area. The Property is situated upon a 0.08-acre parcel and offers twelve (12) off-street parking spaces. 1426 E Ports O’ Call Drive is well-positioned within a quiet residential pocket of Palatine, offering convenient access to surrounding neighborhoods and key community amenities. The property benefits from close proximity to Rand Road and Route 53, providing efficient regional connectivity to Schaumburg, Arlington Heights, and the broader Northwest Suburban market. Nearby retail centers, parks, schools, and daily conveniences contribute to strong livability and long-term tenant appeal.
PROPERTY FACTS Under Contract
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 6,624 SF |
| Cap Rate | 6.45% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $1,050,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,624 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1977 |
| Parking Ratio | 1.81/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,000 |
1 1
PROPERTY TAXES
| Parcel Number | 02-12-200-033-0000 | Improvements Assessment | $74,716 |
| Land Assessment | $3,284 | Total Assessment | $78,000 |
PROPERTY TAXES
Parcel Number
02-12-200-033-0000
Land Assessment
$3,284
Improvements Assessment
$74,716
Total Assessment
$78,000
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1426 East Ports O Call Drive | 1426 E Ports O Call Dr
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