Active

$1,100,000

641 Lake Cook Road, Palatine, IL 60074
6 Beds4 Baths0 sqft4 days
641 Lake Cook Road·Palatine, IL 60074
6Bedrooms
4Bathrooms
0Sq Ft
1976Year Built
About This Home

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.

MLS# 12697772Listed July 7, 2026Residential
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms4
Full Baths4
Half Baths0
Total Rooms10

Size & Structure

Living Area0 sqft
Garage Spaces2
Year Built1976
Lot Size1.570 acres

Location

CountyCook
TownshipPalatine
Zip Code60074

Financial

List Price$1,100,000
Annual Taxes (2024)$24,802
Monthly Tax Est.$2,067
Parcel #02031000280000
Interior Features

Heating

Natural Gas

Cooling

Other

Basement

UnfinishedPartial
Exterior & Lot

Construction

Cedar
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$24,802
Tax Year 2024
Monthly Tax Est.
$2,067
per month
Property Location

641 Lake Cook Road, Palatine, IL 60074Cook County

$1,100,000
641 Lake Cook Road
6 bd4 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
4 days on market
2-car garage
1.570 acres
$24,802/yr taxes
$7,848
estimated monthly payment
Principal & Interest
$5,781/mo
Property Tax
$2,067/mo
$1,100,000
20% — $220,000
3%50%
6.875%
3%12%
Loan Amount
$880,000
Down Payment
$220,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
eXp Realty
Agent: John Klick
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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