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$405,000

For Sale - Active
77 N Quentin Rd Unit 401, Palatine, IL 60067
2 Beds
2 Baths
1,733 Square Feet
0.00 Acres Lot
Built in 2006
For Sale - Active
42 Units
Checked: 17 hours ago
Updated: Jun 29, 2025 at 03:16AM

Investment Summary


Monthly Cash Flow
-$883
Cap Rate
3.1%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.0%

Property Description


0.00 Acres Lot
Built in 2006
For Sale - Active
42 Units

Top-Floor Luxury Living with Skyline Views... This beautifully designed top-floor corner condo offers the perfect blend of modern comfort and elevated living. With soaring 10 foot ceilings and featuring 2 spacious bedrooms, 2 full bathrooms, and a dedicated office this condo is ideal for anyone seeking space, style and low maintenance living. Not to mention close proximity to Downtown Palatine with easy access to the Metra station, retail, restaurants and more. Plus award winning blue ribbon schools, and Fremd High School! Step into your private top floor penthouse with over 1700 sf this open-concept Living room is filled with lots of natural light, hardwood floors and serene fireplace great for entertaining friends and family. And speaking of entertaining, the spacious Dining room has space to all of your extended family!! If you enjoy cooking, then you will love this chef's kitchen complete with granite countertops, maple cabinets, remote controlled under cabinet lighting and stainless steel appliances. The primary bedroom is absolutely stunning with a walk in closet and en suite complete with whirlpool tub, separate shower and dual vanities. A large secondary bedroom on the other side of the condo shares a full bathroom and gives privacy. If you need more space, the office with french doors is perfect for converting to a nursery or 3rd bedroom. The private Balcony off the Dining Room offers splendid views of the Palatine Prairie Nature Preserve perfect for hiking, biking and more! The in-unit washer and dryer and storage room located next door adds convenience, while the covered, heated garage parking garage ensures your vehicle stays protected year-round. Updated AC coil in 2022, and updated recessed lighting. This is a must see!! The building offers an exercise facility room too, plus ample guest parking available in the front and back!

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Location


Property Details


Parking

  • Description: Attached, Garage Door Opener(s), Heated, Garage, Garage On-Site
  • Details: Asphalt, Garage Door Opener, Heated Garage, Garage, On Site, Attached
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 4
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

HOA

  • Has HOA: Yes
  • HOA Fee: $486/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 02153020091029
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2006

Tax Information

  • Annual Tax: $7,432

Utilities

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Cook

Listing Details


Listed by:
Daniel Drake
@properties Christie's International Real Estate
(847) 381-0300

Source:
Midwest Real Estate Data (MRED)
MLS#: 12400892
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$883
Cap Rate
3.1%
Cash-on-Cash Return
-11.4%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.0%

Purchase Details

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Purchase price:
$405,000
Amount financed:
-$324,000
Down payment:
$81,000
Closing costs:
$12,150
Rehab costs:
$0
Initial cash invested:
$93,150
Square feet:
1,733
Cost per square foot:
$234
Monthly rent per square foot:
$1.79

Financing Details

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Loan amount:
$324,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,917
Property tax:
$619
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,753

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$619-$7,432
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (16%)
16%-$486-$5,832
Total operating expenses: (61%)
61%-$1,880-$22,564

Cash Flow


Monthly Yearly
Net operating income:
$1,034 $12,408
Mortgage payments:
-$1,917 -$23,004
Cash flow:
$883 $10,596