218 N Hicks Place,Palatine, IL 60067
Palatine, IL 60067
Description
Welcome to 218 E Hicks Place-an exceptional opportunity in the heart of Palatine that blends lifestyle flexibility with smart investment potential. Positioned just steps from Village Hall, parks, fields, pool, and the Metra train station, this mixed-use property offers unbeatable convenience and community connection. The building is thoughtfully divided into two distinct spaces: a charming, vintage 2-bedroom apartment on the upper level and a versatile retail unit on the main floor. Whether you're an entrepreneur searching for a storefront with visibility or an investor looking to generate dual income, this setup delivers. The upper unit offers a comfortable living space full of character-ideal for an owner-occupant or long-term tenant. The separate entrance allows privacy while maintaining easy access. Downstairs, the retail space features large front-facing windows and flexible interior square footage, ready to adapt to a variety of small business types-boutique, salon, studio, gallery, or office. For owner-occupants, the opportunity to live upstairs and run your business below creates a simple, cost-efficient setup with lower overhead and taxes. Investors will appreciate the dual-income streams and the property's location in a high-demand area with walkability and excellent transit access. This property is zoned to support mixed-use and sits in an established neighborhood that continues to grow in value. With easy access to highways and surrounding suburbs, this location also serves as a strategic hub for client access and commuter traffic. 218 E Hicks Place isn't just a property-it's a smart play for income, flexibility, and future growth.
Details
| MLS# | 12330395 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 19 |
| Listing Provided By | Real Broker LLC | Young Lee |
Features
| SQ Feet | 1,994 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
Market Activity 60067
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Palatine |
| Zip Code | 60067 |
| Area | Palatine |
| Listing VS Median (in 60067) | |
Price: $395,000 low | high Med: $487,450 SqFt: 1,994 low | high Med: 2,623 $ / SqFt: $198 low | high Med: $205 On site: 19 low | high Med: 155.000000 | |