Exceptional opportunity to own a single-family home in a prime location along highly traveled Lake Cook Road, directly across from Deer Park Town Center. The two adjoining parcels are also available for purchase separately, creating a potential assemblage of approximately 1.57 acres. 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 larger development site, or an owner-user planning for future appreciation, opportunities to assemble approximately 1.57 acres in this highly desirable location are exceptionally rare.
Active
Price cut: $50K (7/29)
$500,000
641 W Lake Cook Rd, Palatine, IL 60074
3beds
2,100sqft
Single Family Residence
Built in 1976
1.57 Acres Lot
$-- Zestimate®
$238/sqft
$-- HOA
What's special
- 31 days |
- 1,777 |
- 32 |
Zillow last checked:
Listing updated:
Listed by:
John Klick (773)221-4330,
eXp Realty
Source: MRED as distributed by MLS GRID,MLS#: 12713148
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: No additional rooms
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
Dining room
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
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: 2,100 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
- 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: $238/sqft
- Tax assessed value: $397,220
- Annual tax amount: $11,354
- Date on market: 7/22/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $500,000-9.1%$238/sqft |
Source:  MRED as distributed by MLS GRID #12713148 Report a problem | ||
| 7/22/2026 | Listed for sale | $550,000-50%$262/sqft |
Source: MRED as distributed by MLS GRID #12713148 Report a problem | ||
| 7/22/2026 | Listing removed | $1,100,000$524/sqft |
Source: eXp Realty #12697772 Report a problem | ||
| 7/8/2026 | Listed for sale | $1,100,000+57.1%$524/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%$333/sqft |
Source: MRED as distributed by MLS GRID #11167735 Report a problem | ||
| 10/1/1998 | Sold | $167,500$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,355 +5.4% | $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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
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