1056 W Willow St

Palatine, IL 60067
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5 bd, 4 ba | 4,345 sqft | Built in 1996

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List Price
$899,000

Initial Investment

$244,978

Purchase Price

$899,000

Down Payment

25%

Rent

$4,760

Total Return

-$8,795

Annualized Return

-0.6%

Cap Rate

2.5%

Gross Yield

6.4%

Cash Flow

-$28,669

Appreciation

2.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,325

HOA

None

Flood Risk

Not Required

4,345 sq. ft. 5 BD/3.1 BA SFH (+ tandem 3 car garage) located in the Chestnut Woods neighborhood of Palatine. All 5 bedrooms are on the same floor! The kitchen features granite countertops with a spacious island that seats 4 people comfortably + a sun-filled dining nook. There is a GE microwave, Bosch dishwasher, Thermadoor range with an outside venting hood, garbage disposal, and a Maytag French Door refrigerator with a bottom freezer. Cozy up next the gas-start fireplace in the living room. The primary bedroom features vaulted ceilings, a dual vanity in the on-suite bathroom, and 2 walk-in closets. Roof (2024) - complete tear off and replacement. The home is dual zoned for HVAC. The furnaces are from 2014 and 2022. The air conditioning units are from 2014 and 1997. Sump Pump (2018). 2 Water Heaters (2017 & 2021). Whirlpool Full-Size Washer & Dryer (2021). 200-amp electrical service. 1.2 miles from Palatine METRA station (UP-NW). Close proximity to Robin Park, Wally Degner Park, Iverness Golf Club, the Palatine Prairie Nature Preserve, and downtown Palatine. Marion Jordan Elementary School (PK-5), Thomas Jefferson Middle School (6-8), & Fremd High School (9-12) - which is ranked 13th in Illinois by U.S. News & World Report. The Sellers preferred closing date is: August 1st, 2025.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$54,264

Expenses

-$9,659

Property Taxes

-$24,400

Loan Payments

-$48,874

Net Cash Flow

-$28,669

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Robert Mehney
Agent License 475184127
@properties Christie's International Real Estate
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12313439
Last Updated: 04/22/2025 14:04
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