Land, location & potential! This charming bungalow sits on approximately one acre in a highly desirable area and sought-after school district. Mature trees provide privacy while still being close to shopping, downtown Palatine, Metra transportation, and Inverness Golf Club. Currently serviced by well and septic, with water and sewer available at the street, the property offers exciting possibilities for the future. Live in the existing home while exploring the potential to build an additional home or fully knock down and re-build, subject to zoning and municipal approval. A rare opportunity to own a substantial parcel in a prime location with tremendous potential! Value is in the land.
New
$529,000
1120 W Wood St, Palatine, IL 60067
1beds
500sqft
Single Family Residence
Built in 1926
1.03 Acres Lot
$273,200 Zestimate®
$1,058/sqft
$-- HOA
What's special
Charming bungalowApproximately one acreMature trees provide privacy
- 3 days |
- 356 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Jill Little (847)902-9027,
Suburban Life Realty, Ltd
Source: MRED as distributed by MLS GRID,MLS#: 12729649
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 200 Square Feet
- Dimensions: 10X20
Kitchen
- Level: Main
- Area: 150 Square Feet
- Dimensions: 10X15
Laundry
- Level: Main
- Area: 25 Square Feet
- Dimensions: 5X5
Living room
- Level: Main
- Area: 200 Square Feet
- Dimensions: 10X20
Heating
- Natural Gas
Cooling
- Central Air
Features
- Basement: Unfinished,Full
Interior area
- Total structure area: 0
- Total interior livable area: 500 sqft
Property
Parking
- Total spaces: 2.5
- Parking features: Asphalt, Yes, Detached, Garage
- Garage spaces: 2.5
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
Lot
- Size: 1.03 Acres
Details
- Parcel number: 02164020080000
- Special conditions: List Broker Must Accompany,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod,Cottage
- Property subtype: Single Family Residence
Materials
- Frame
Condition
- New construction: No
- Year built: 1926
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Services included: None
Location
- Region: Palatine
Financial & listing details
- Price per square foot: $1,058/sqft
- Tax assessed value: $250,180
- Annual tax amount: $6,425
- Date on market: 8/12/2026
- Ownership: Fee Simple
Estimated market value
$273,200
$227,000 - $322,000
$1,369/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $529,000+6%$1,058/sqft |
Source:  MRED as distributed by MLS GRID #12729649 Report a problem | ||
| 1/25/2022 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 3/26/2021 | Listed for sale | $499,000-5.7%$998/sqft |
Source: MRED as distributed by MLS GRID #11034107 Report a problem | ||
| 11/7/2020 | Listing removed | $529,000$1,058/sqft |
Source: RE/MAX Properties Northwest #10636926 Report a problem | ||
| 2/13/2020 | Listed for sale | $529,000$1,058/sqft |
Source: RE/MAX Properties Northwest #10636926 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,771 +5.4% | $25,018 +0% |
| 2023 | $6,425 +3.9% | $25,017 |
| 2022 | $6,185 -5.8% | $25,017 +6.2% |
| 2021 | $6,567 +0.4% | $23,550 |
| 2020 | $6,542 +1.3% | $23,550 -9.2% |
| 2019 | $6,455 +4.1% | $25,937 +10.9% |
| 2018 | $6,198 +1.6% | $23,380 |
| 2017 | $6,099 +3% | $23,380 |
| 2016 | $5,921 +4.6% | $23,380 +11.1% |
| 2015 | $5,661 +0.9% | $21,048 |
| 2014 | $5,609 +3% | $21,048 |
| 2013 | $5,447 +0.2% | $21,048 -7.6% |
| 2012 | $5,438 +2.2% | $22,779 |
| 2011 | $5,321 +14.4% | $22,779 |
| 2010 | $4,653 +7% | $22,779 -8.2% |
| 2009 | $4,350 +17.6% | $24,815 -5% |
| 2008 | $3,697 +4.2% | $26,120 |
| 2007 | $3,547 -5.3% | $26,120 +27.8% |
| 2006 | $3,746 +6.8% | $20,445 |
| 2005 | $3,508 +4.7% | $20,445 |
| 2004 | $3,352 -1.4% | $20,445 +18.9% |
| 2003 | $3,399 +3.3% | $17,196 |
| 2002 | $3,292 +27.3% | $17,196 |
| 2001 | $2,586 +1.5% | $17,196 +28% |
| 2000 | $2,548 +2.1% | $13,434 |
| 1999 | $2,496 | $13,434 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60067
Nearby schools
GreatSchools rating
- 8/10Marion Jordan Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Walter R Sundling Jr High SchoolGrades: 6-8Distance: 1.5 mi
- 10/10Wm Fremd High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Marion Jordan Elementary School
- Middle: Walter R Sundling Middle School
- High: Wm Fremd High School
- District: 15
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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