805 E Palatine Road
Palatine, IL, 60074 $ 360,000
Bedrooms3 Baths1.0 Sq 1,650 Monthly Estimate*
$ 2,273
for $360,000 with 3 bedrooms and 1 full bath. This 1,650 square foot home was built in 1944.
Outstanding opportunity to own a unique and well-maintained property situated on a beautifully landscaped 1/2-acre lot surrounded by mature trees, offering exceptional privacy in a highly desirable Palatine location. Originally built as a single-family home and later rezoned for office use, this one-of-a-kind property offers incredible flexibility for a variety of future uses. Buyers seeking a distinctive residence may have the opportunity to convert the property back to single-family residential use, subject to approval by the Village of Palatine. Alternatively, the property may continue to serve as a professional office, making it an excellent option for owner-users, entrepreneurs, or those looking for a live/work opportunity (buyers should verify all zoning requirements and permitted uses with the Village). Inside, the flexible floor plan features two oversized rooms currently used as private offices, a central reception area that could easily become a spacious living room or dining area, and an additional room ideal for a bedroom, home office, nursery, or storage. The property also includes a full bathroom and a convenient kitchenette with refrigerator, cabinet storage, and space for a microwave and coffee station, providing an excellent starting point for future customization. Outside, you'll find a detached two-car garage, a dedicated parking area accommodating six or more vehicles, and a separate standalone building offering endless possibilities as a workshop, studio, home gym, guest space, hobby room, private office, or additional storage. Major mechanical updates have already been completed, including a newer furnace and hot water heater, both replaced within the past two years. Located just over one mile from the proposed future Chicago Bears stadium development in Arlington Heights, this property offers exceptional long-term investment potential in one of the northwest suburbs' most exciting growth corridors. Whether you're envisioning a charming custom residence, a unique live/work property, or a continued professional office, this versatile property offers an exceptional opportunity to bring your vision to life.
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FeaturesGeneralLiving Area 1650
Sewer Septic Tank
Heating Forced Air
Cooling Central Air
Possession Closing
Garage Spaces 2
Association Fee Includes None
Construction Materials Vinyl Siding
Year Built 1944
Township Palatine
Tax Year 2023
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Total Rooms 4
Full Baths 1
Status New
Directions E. PALATINE ROAD WEST OF RT. 53 EAST OF ROHLWING ROAD. SET BACK OFF EAST PALATINE RD.
City Palatine
High School District 15
MLS Area Palatine
Tax Annual Amount 9329
Standard Status Active
Middle/Junior School District 15
Elementary School District 15
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InteriorBasement None
Total Fireplaces 1
Half Baths 0
Total Bedrooms 3
Room Type Bonus Room
Total Baths 1
Bedrooms Possible 3
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ExteriorParking Features Yes Detached Garage
Water Source Well
Total Parking 8
Lot Dimensions 153X141
Waterfront Y/N N
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* Excluded FeaturesList ByLegacy Properties, A Sarah Leonard Company, LlcBroker
morgandanuk@legacypropertiesil.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,273
- Monthly Property Taxes
- $777
- 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 $687,678
Percent of Sale Price 91%
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.
1539779 Elementary School
1539847 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $360,000 | | Listed Price |