Rare Palatine Opportunity - Nearly an Acre with a Second Unit! This property is truly unique; the main house offers a spacious layout with its own large kitchen, bathroom, and living areas. Attached is an extended section featuring a separate kitchen and bathroom. Additionally, there's a second Unit that is licensed via Village of Palatine on-site ready to be rented out. You can live in the main house and rent a second house . Perfect for business or investment. Steps from vibrant downtown Palatine and served by highly rated schools, this exceptional property sits on nearly an acre lot with a fully independent, freestanding second unit. The main residence offers 3 bedrooms, full basement plus a dedicated office and approximately 2,800 sq ft of thoughtfully updated living space. The renovated kitchen shines with quartz countertops, stainless steel appliances, and generous cabinetry, while spacious bedrooms provide room to grow. An attached in-law addition provides a private bedroom and full bath - ideal for extended family or multigenerational living. Major updates throughout include new siding, new HVAC system, newer flooring, and an updated basement - truly move-in ready. The freestanding second unit - approximately 900 sq ft - is equally well-appointed with its own new HVAC system, new flooring, newer washer and dryer, and many additional updates. Total parking space is for at least 5 cars. A private garage and separate laundry make it completely self-sufficient. Live in one, rent the other - or maximize returns by leasing both. The possibilities are as expansive as the lot itself.
— the listing agent’s description
The home
5 beds
3 baths
3,700 sqft
Built in 1949
0.91-acre lot
2-car garage
Detached Single
What it’ll cost
$176 / sqft
$16,282 taxes / yr
No HOA
7 days on dwello
Estimated monthly payment
$5,003/mo
Principal & interest$3,456
Property taxes$1,357
Homeowners insurance$190
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Features
Central AirNatural GasForced AirVinyl SidingFramePublic SewerYesDetached
Schools
Elementary — Stuart R Paddock Elementary Scho
Middle — Plum Grove Middle School
High — Wm Fremd High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.