Real Estate Agent Elmo Dowd

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224, 228 E Rimini Court, Palatine, IL 60067

$2,800,000
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Contingent
BEDS0 BATHS MLS#12580476
STATUSContingent PROPERTY TYPEMulti Unit - Multiple
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Property 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.

224, 228 E Rimini Court | MLS# 12580476

This multi-family property located at 224, 228 E Rimini Court, Palatine, IL 60067 is currently listed for sale with an asking price of $2,800,000. Search Palatine real estate on elmo.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.13 Acres
Stories: 3.0
Taxes: $32,719
Year Built: 1984

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Brick, Block, Wood
Fire Protection: Alarm On Site
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Central Heat/Indiv Controls
Location: Cul De Sac
Lot Dimensions: 106x53
Parcel#: 02141000831106
Potential Use: Condominium
Tenant Pays: Electricity, Heat
Units: 12

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty
Agency Phone: 847-541-5000

Shown By

Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 9,774.84 per month $6,231.59 Principal & Interest $2,726.58 Property Tax $816.67 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/07/2026. The listing information on this page last changed on 04/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/07/2026 12:18:31 AM EST) or MRED MLS (last updated Tue 04/07/2026 12:11:54 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 04/06/2026 10:16:16 PM EST) or Northern Illinois Commercial Association Realtors (last updated Mon 04/06/2026 2:10:12 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Crosby Starck Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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