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516 N Wilke Rd

516 N Wilke Rd, Palatine, IL, 60074

YearBuilt

Year Built

1973

Stories

# Stories

2

#TotalUnits

# Total Units

7
UnitSizeRange

Unit Size Range

850-1,200 sqft

UnitDemand

Unit Demand

Stories

Low

UnitAvailability

Unit Availability

Stories

Medium

Building Description

516 N Wilke Rd is a two-story condominium building constructed in 1973, offering both 1 and 2-bedroom units. The property provides residents with a range of amenities designed for a comfortable living experience. An exercise room caters to fitness enthusiasts, while a private laundry hookup in each unit ensures convenience. The building features both an in-ground pool and a regular pool, offering options for leisure and relaxation. Residents have access to a bike room and nearby bike trails, making it easy to enjoy biking in the surrounding areas. Additionally, a park within close proximity offers green space for outdoor activities and relaxation. Unit prices range from $215,000 to $230,000, appealing to buyers seeking affordability and access to urban amenities. Despite the lack of a formal neighborhood designation, the property’s location offers residents various opportunities for recreation. 516 N Wilke Rd combines practicality with essential conveniences, providing modern living spaces within an established community setting. The building's setup and amenities align with the needs of individuals seeking a balanced lifestyle that includes both fitness and relaxation facilities.

Amenities

ParkingParking
LockerLocker
ConciergeConcierge
ElevatorElevator
Central ACCentral AC
PoolPoolCheck Icon
Fitness CenterFitness CenterCheck Icon
Visitors ParkingVisitors Parking

Building Policies

Pet AllowedPet Allowed
Short-term Rental AllowedShort-term Rental Allowed
BBQ PermittedBBQ Permitted
Sublet AllowedSublet Allowed

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516 N Wilke Rd Market Report (last 12 months)

Avg. List Price
$197,500 ($185/Sqft.)
Year-Over-Year List Price
Down Arrow 0.13%
Total Listings
Listings2
Avg. Days On Market
Calendar49
Avg. Sale Price
$215,000 ($180/Sqft.)
Year-Over-Year Sale Price
Down Arrow 0.07%
Total Sold
Sold1
Avg. HOA Fees/Sqft
$4 /monthly

About 516 N Wilke Rd

Condo Living at 516 N Wilke Rd, located at 516 N WILKE RD, PALATINE, IL:

Welcome to 516 N Wilke Rd, a charming two-story condo building nestled in the heart of Palatine, Illinois. Built in 1973, this inviting community offers the perfect blend of comfort, accessibility, and style – ideal for first-time buyers eager to start their homeownership journey. Whether you're looking for a cozy one-bedroom space or a two-bedroom haven, this location caters to your desires with a unit size range between 850 and 1,200 square feet.

Building Features and Unit Availability:

With a total of six units, the building possesses a medium availability and attracts a low demand, making it an excellent option for those looking to settle into their first home without feeling overwhelmed by competition. The average closed price for these units is around $222,500, which translates to approximately $195 per square foot. With only a 46-day average market period, you might be surprised at how quickly units are snapped up in this quaint community.

Amenities You'll Love:

Imagine enjoying your mornings with a vibrant exercise routine, thanks to the well-equipped exercise room on-site. When it's time to unwind, dive into the inviting in-ground pool or take a leisurely bike ride along nearby trails. The condo also features convenient private laundry hookups, ensuring that you have the comforts of home right at your fingertips. Plus, for those who love the outdoors, a nearby park offers a serene space to relax or enjoy some fun under the sun.

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Contact
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300 Galleria Pkwy SE, Suite 1500,
Atlanta, GA 30339
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(855) 625-0319
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Berkshire Hathaway Starck Real Estate

Paul Ambrogio

Serving Chicago and all of Northern IL

13300 IL RT 47

Huntley, Illinois 60142

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847-668-3774

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