245 S Park Lane #321, Palatine, IL 60074

Closed

2 beds 2 baths 1,200 sqft (estimated) Built 1972 Residential MLS #MRD12015807 11 days on market

Listing courtesy of Keller Williams Infinity · 630-778-5800 · klrw55@kw.com · MLS #MRD12015807 · Status: Closed

Welcome to this spacious 2-bedroom, 2-bathroom condo located on the 3rd floor of a desirable community-offering both convenience and tremendous upside for the right buyer. Step inside and you'll find a well-designed layout with generous room sizes, an open living/dining area, and a private balcony overlooking the clubhouse and pool-perfect for morning coffee or winding down after a long day. While the home is in need of TLC, it presents a fantastic opportunity to build instant equity. Bring your vision and creativity-cosmetic updates will transform this condo into something truly stunning. Additional highlights include: Primary bedroom with ensuite bath,Plenty of closet space,Elevator building,Assigned parking + guest parking,Pool, clubhouse, and well-maintained community amenities Situated in an unbeatable location-just minutes from shopping, dining, Metra access, and only 4 minutes from the upcoming Chicago Bears stadium in Arlington Heights-this is a rare find for investors, first-time buyers, or anyone looking to customize a home to fit their style. Don't miss the chance to make this condo your own and capitalize on the exciting growth happening nearby!

Property details

Interior

Appliances: Dishwasher, Refrigerator, Range Hood, Gas Cooktop, Gas Oven
Fireplaces: 0
Basement: None
Laundry: Common Area
Additional rooms: No additional rooms
Total rooms: 5

Building & exterior

Age: 51-60 Years
Stories: 4
Entry level: 3
Exterior: Brick
Exterior features: Balcony
Foundation: Concrete Perimeter
Windows: Drapes

Parking

Garage spaces: 1
Total spaces: 1
Parking details: Heated Garage, Yes, Garage Owned, Attached, Garage

Lot & location

Lot dimensions: COMMON
Township: Palatine
County: Cook

Utilities

Heating: Natural Gas, Forced Air
Cooling: Central Air
Water: Lake Michigan
Sewer: Public Sewer
Electricity: Circuit Breakers
Equipment: Ceiling Fan(s)

HOA & community

Assessment: $322 / monthly
Assessment includes: Water, Gas, Parking, Insurance, Security, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Storage, Park, Party Room, Pool, Security Door Lock(s), Clubhouse
Pets: Cats OK

Schools

Elementary: (15)
Junior high: (15)
High school: (21)

Taxes & terms

Annual taxes: $997 (2023)
Parcel number (PIN): 02241050251068
PIN: 02241050251068
Ownership: Condo
Possession: Closing
Special conditions: Probate Listing
Listed: 11/13/2025
Sold: 1/8/2026
Sold price: $196,000

Want to see this home?

The Dawn Simmons Team (RE/MAX Suburban) can show you any listed property and give you a straight answer on what it's really worth. Call/text Josh at (224) 628-4013.

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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