Active1 days on market
$550,000
641 Lake Cook Road
Palatine, IL 60074
- Beds
- 3
- Baths
- 2 full
- Sqft
- 2,100
- $/sqft
- $262
- Lot
- 1.57 ac
- Built
- 1976
- Type
- Single Family
- MLS#
- MRD12713148
About this home
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.
Payment calculator
Estimated monthly cost for this home
20% · $110K
%
Term
$3,911/mo
- Principal & interest
- $2,804
- Property taxes
- $946
- Home insurance (est.)
- $160
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (6.58%, 2026-07-23). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
Price & tax history
| Listed Jul 22, 2026 | $550,000 |
| 2024 property taxes | $11,355/yr |
From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.
Where it sits
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of eXp Realty, listed by John Klick.
Information last updated Jul 22, 2026, 9:57 PM.
641 Lake Cook Road
Palatine, IL 60074
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Call 224-385-8779Property details
Sourced from the MRED MLS feed. Last updated when the listing was modified.
- Cooling
- Other
- Heating
- Natural Gas
- Basement
- Unfinished, Partial
- Rooms total
- 6