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Price cut: $50,000
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Detached Single · Palatine, IL
$500,000$550,000
3 beds · 2 baths · 2,100 sqft
641 W Lake Cook Road, Palatine, IL, 60074
A brick-and-mortar place to make your own — room to make it home.
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What’s special

2-car garage1.57-acre lot
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.
— the listing agent’s description

The home

3 beds
2 baths
2,100 sqft
Built in 1976
1.57-acre lot
2-car garage
Detached Single

What it’ll cost

$238 / sqft
$11,355 taxes / yr
No HOA
Listed $550,000
Now $500,000
14 days on dwello

Estimated monthly payment

$3,751/mo
Principal & interest$2,659
Property taxes$946
Homeowners insurance$146
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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14 days on dwello
Price history
Price reduced
Aug 4, 2026
↓ $50,000$500,000
Listed for sale
Jul 22, 2026
$550,000
Earlier records
Listed
Jul 8, 2026
$1,100,000
Now $50,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$11,355/yr
From county records — verify with the assessor.

Features

OtherNatural GasCedarPublic SewerYesGarage Owned

Schools nearby

Countryside School · 0.8 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by John Klick · eXp Realty
Listing last updated Aug 4, 2026 · data refreshed from the MLS Aug 4, 2026, 5:10 AM CT
Based on information submitted to the MLS GRID as of Aug 4, 2026, 5:10 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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