Exceptional 1.57-acre development opportunity comprised of THREE contiguous parcels being sold together. Sale includes two adjoining parcels (three separate PINs). The assemblage currently consists of one livable single-family residence, one home in need of significant renovation or teardown, and one vacant lot. Positioned along highly traveled Lake Cook Road and directly across from Deer Park Town Center, this unique offering provides outstanding visibility and long-term redevelopment potential. Currently zoned R-1 Single Family Residential, the site may present opportunities for future residential, multifamily, mixed-use, or commercial redevelopment, subject to municipal approvals and rezoning. Buyers are encouraged to perform their own due diligence regarding zoning and development possibilities. Whether you're an investor looking to land bank, a builder seeking a large development site, or an owner-user planning for future appreciation, opportunities to acquire three contiguous parcels totaling approximately 1.57 acres in this location are exceptionally rare. Properties are being sold together only. Individual parcels will not be sold separately.
New
$1,100,000
641 W Lake Cook Rd, Palatine, IL 60074
6beds
4,860sqft
Single Family Residence
Built in 1976
1.57 Acres Lot
$-- Zestimate®
$226/sqft
$-- HOA
What's special
Outstanding visibilityOne livable single-family residence
- 5 hours |
- 82 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
John Klick (773)221-4330,
eXp Realty
Source: MRED as distributed by MLS GRID,MLS#: 12697772
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Bedroom 5, Bedroom 6
Primary bedroom
- Features: Bathroom (Full)
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14X11
Bedroom 2
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 3
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 4
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 5
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 6
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Dining room
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Laundry
- Level: Main
- Area: 25 Square Feet
- Dimensions: 5X5
Living room
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Heating
- Natural Gas
Cooling
- Other
Features
- Basement: Unfinished,Partial
Interior area
- Total structure area: 0
- Total interior livable area: 4,860 sqft
Property
Parking
- Total spaces: 2
- Parking features: Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Lot
- Size: 1.57 Acres
Details
- Additional parcels included: 02031000260000,02031000290000
- Parcel number: 02031000280000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cedar
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
HOA
- Services included: None
Location
- Region: Palatine
Financial & listing details
- Price per square foot: $226/sqft
- Tax assessed value: $397,220
- Annual tax amount: $24,802
- Date on market: 7/8/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $1,100,000+57.1%$226/sqft |
Source:  MRED as distributed by MLS GRID #12697772 Report a problem | ||
| 7/19/2022 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
| 8/3/2021 | Listed for sale | $700,000+317.9%$144/sqft |
Source: MRED as distributed by MLS GRID #11167735 Report a problem | ||
| 10/1/1998 | Sold | $167,500$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $39,722 |
| 2023 | $10,778 -5.9% | $39,722 -8.5% |
| 2022 | $11,450 +40% | $43,397 +52.2% |
| 2021 | $8,178 +0.6% | $28,512 |
| 2020 | $8,129 -9.2% | $28,512 -17.7% |
| 2019 | $8,952 -11.2% | $34,644 -3.4% |
| 2018 | $10,077 +1.7% | $35,862 |
| 2017 | $9,905 +4.7% | $35,862 |
| 2016 | $9,460 +3.7% | $35,862 +11% |
| 2015 | $9,123 +1% | $32,314 |
| 2014 | $9,028 -3.8% | $32,314 -6% |
| 2013 | $9,388 +10.3% | $34,373 -4.6% |
| 2012 | $8,512 +8.4% | $36,027 |
| 2011 | $7,854 +3.6% | $36,027 |
| 2010 | $7,581 -10.4% | $36,027 -15.5% |
| 2009 | $8,457 +12.6% | $42,644 -5% |
| 2008 | $7,511 +10.9% | $44,888 |
| 2007 | $6,776 +10.5% | $44,888 +26.8% |
| 2006 | $6,133 -1.3% | $35,387 |
| 2005 | $6,216 +19.9% | $35,387 |
| 2004 | $5,187 +78.9% | $35,387 +111.3% |
| 2003 | $2,898 +2.5% | $16,750 |
| 2002 | $2,827 -6.3% | $16,750 |
| 2001 | $3,017 +1.5% | $16,750 |
| 2000 | $2,972 -34.9% | $16,750 |
| 1999 | $4,568 | $16,750 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 60074
Nearby schools
GreatSchools rating
- 6/10Lincoln Elementary SchoolGrades: PK-5Distance: 2 mi
- 5/10Walter R Sundling Jr High SchoolGrades: 6-8Distance: 1.7 mi
- 8/10Palatine High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Palatine
- 60074
- 641 W Lake Cook Rd
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