Great Opportunity to Own a Family Owned and Operated Restaurant and Bar that has been in Business in Palatine Since 1975! Building is Approximately 7700SqFt. Newly Renovated Dining Room with Sound Damping Flooring. 2nd Floor Party Room with Separate Bar and Dumb Waiter. New Keg Line Compressor (2017). Property also has a Newly Renovated 2nd Floor 1 Bedroom Apartment with a New Kitchen, Bathroom, Flooring and Paint! Roof, Windows, Furnace & A/C Replaced in 2004.
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Palatine is a northwestern residential suburb of Chicago and is the 16th largest community in Illinois. It also is the sixth largest community in Cook County. Palatine is filled with several streams that meet up with Salt Creek and lie within Buffalo Creek. Located near the O’Hare International Airport, you can find several activities, restaurants, bars, and parks, including the Pala...
*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
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