413 N Chestnut Street
Palatine, IL, 60067 $ 399,900
Bedrooms3 Baths2.0 Sq 1,424 Monthly Estimate*
$ 2,525
for $399,900 with 3 bedrooms and 2 full baths. This 1,424 square foot home was built in 1960 on a lot size of 0.47.
Incredible opportunity to own a spacious brick ranch on an oversized half-acre lot on two separate parcels in a desirable Palatine location. If you're looking for a home with outstanding potential, solid bones, and the chance to build equity through updates and improvements, this is one you won't want to miss. This home offers an inviting floor plan featuring a dramatic vaulted ceiling with exposed beams, a cozy fireplace, an expansive living room, hardwood flooring throughout much of the home, a spacious eat-in kitchen, a primary bedroom with private bath, and a screened-in sunroom overlooking the backyard. Outside, you'll appreciate the rare half-acre fenced yard, oversized driveway, and two-car garage complete with a heater hookup and additional storage/workshop space. Major mechanical updates have already been completed, including ROOF (2020), HVAC (2021), APPLIANCES (2021), and WASHER/DRYER (2021). The home is being conveyed AS-IS and will require updating, cosmetic improvements, and repairs, making it an outstanding opportunity for investors, contractors, rehabbers, or buyers looking to customize a home to their own style while adding long-term value. With its desirable location near Metra, expressways, parks, shopping, dining, and vibrant downtown Palatine, plus a generous lot that's becoming increasingly difficult to find, this property offers exceptional potential for the right buyer.
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FeaturesGeneralLiving Area 1424
Sewer Septic Tank
Heating Forced Air
Cooling Central Air
Possession Closing
Roof Asphalt
Appliances Range Dishwasher Refrigerator Washer Dryer Water Softener Humidifier
HOA Fee 0
Garage Spaces 2
Association Fee Includes None
Architectural Style Ranch
Construction Materials Brick
Year Built 1960
Electric Circuit Breakers
Township Palatine
Tax Year 2024
Ownership Fee Simple
Community Features Park Pool Sidewalks Street Lights Street Paved
Additional Parcels Description 02152090070000
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Subdivision Name Merrills
Other Structures Shed(s)
Total Rooms 7
Full Baths 2
Status New
Directions PALATINE TO SMITH N. TO CORNELL AVE. W TO CHESTNUT N.
High School Palatine High School
City Palatine
High School District 211
MLS Area Palatine
Elementary School Gray M Sanborn Elementary School
Tax Annual Amount 11031
Middle/Junior High School Walter R Sundling Middle School
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 15
Elementary School District 15
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InteriorInterior Amenities Cathedral Ceiling(s) 1st Floor Bedroom 1st Floor Full Bath
Basement Crawl Space
Flooring Hardwood
Total Fireplaces 1
Fireplace Features Wood Burning
Half Baths 0
Laundry Features Main Level In Unit
Total Bedrooms 3
Room Type Eating Area Foyer Sun Room
Total Baths 2
Bedrooms Possible 3
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ExteriorParking Features Concrete Garage Door Opener Yes Garage Owned Attached Unassigned Driveway Owned Garage
Lot Features Cul-De-Sac Mature Trees Adjoins Government Land
Water Source Well
Total Parking 8
Foundation Details Concrete Perimeter
Lot Dimensions 120 X 178.3
Lot Size Acres 0.47
Waterfront Y/N N
Other Equipment Water-Softener Owned CO Detectors Ceiling Fan(s) Fan-Attic Exhaust Sump Pump
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices Starck Real EstateBroker
paulmolidor@starckre.com; paulmolidor@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,525
- Monthly Property Taxes
- $919
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Palatine, IL
Average List Price $679,472
Percent of Sale Price 70%
About Palatine, IL 67,137 Population
2% Since 2002
$ 76,021 Median Income
39.39 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
565588 Elementary School
4711536 Middle School
Palatine High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/6/2026 | $399,900 | | Listed Price |