# 552 E Northwest Highway, Palatine, IL 60074

> **TL;DR:** commercial, $850,000, built 1956.
> A/C. Est. $4,546/mo. Listed 28 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $850,000 |
| Year Built | 1956 |
| Lot Size | 7,501 sqft (0.17 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 28 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,298 |
| Estimated Insurance | $248 |
| **Total** | **$4,546** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1956
- 0.17 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 552 E Northwest Highway, Palatine, IL 60074
- **County:** Cook

## Listing Agent

- **Name:** Jolanta Kazimierski
- **Brokerage:** Hometown Real Estate
- **Broker Phone:** (773) 625-1121

## Photos

![552 E Northwest Highway - Photo 1](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f2323694341r.jpg)

![552 E Northwest Highway - Photo 2](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f135461947r.jpg)

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![552 E Northwest Highway - Photo 27](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f2001274091r.jpg)

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![552 E Northwest Highway - Photo 32](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f1074617243r.jpg)

![552 E Northwest Highway - Photo 33](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f4202969240r.jpg)

![552 E Northwest Highway - Photo 34](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f238297470r.jpg)

![552 E Northwest Highway - Photo 35](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f3313699358r.jpg)

![552 E Northwest Highway - Photo 36](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f1672496430r.jpg)

![552 E Northwest Highway - Photo 37](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f1699476456r.jpg)

![552 E Northwest Highway - Photo 38](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f99406175r.jpg)

![552 E Northwest Highway - Photo 39](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f186332042r.jpg)

![552 E Northwest Highway - Photo 40](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f3013095351r.jpg)

![552 E Northwest Highway - Photo 41](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f918911057r.jpg)

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![552 E Northwest Highway - Photo 46](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f2695072713r.jpg)

![552 E Northwest Highway - Photo 47](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f3359206934r.jpg)

![552 E Northwest Highway - Photo 48](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f3571463385r.jpg)

![552 E Northwest Highway - Photo 49](http://lh.rdcpix.com/8c62d1ea2d7fae6f10a880baecd237dfl-f1620739324r.jpg)

---

**MLS#:** 12773893 | **Updated:** 2026-10-24
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/552-e-northwest-highway-palatine-il-60074-b1a1372704b94666bbde0df0c5564204)

---

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