$150,000

4000 Bayside Drive #207, Palatine, IL 60074

Active Under Contract

1 beds 1 baths 688 sqft (estimated) Built 1976 Residential MLS #MRD12700655 11 days on market

Listing courtesy of Realta Real Estate · 847-215-5555 · MLS #MRD12700655 · Status: Active Under Contract

This beautiful, bright, and spacious one-bedroom, one-bath condo in a secure elevator building offers a perfect investment opportunity with a long-term tenant who would love to extend the lease already in place. The expansive living room opens to a private balcony, creating the perfect space to relax or entertain. The generously sized bedroom features a walk-in closet, providing excellent storage. Additional highlights include a recently updated kitchen and bathroom, storage and laundry on the same floor. Enjoy resort-style amenities, including a swimming pool, tennis and volleyball courts, and a clubhouse with a party room. Conveniently located near Rt 53 and just minutes from Schaumburg and Arlington Heights, you'll have easy access to shopping, restaurants, entertainment, and major commuter routes. Whether you're expanding your investment portfolio or searching for a place to call home, this well-maintained condo offers flexibility, comfort, and long-term value. Continue renting to the current tenant or make it your own.

Property details

Interior

Basement: None
Laundry: Common Area
Additional rooms: Balcony/Porch/Lanai
Total rooms: 3

Building & exterior

Age: 41-50 Years
Stories: 3
Entry level: 2
Exterior: Brick

Parking

Total spaces: 1
Parking details: Yes

Lot & location

Lot dimensions: common
Township: Palatine
County: Cook

Utilities

Heating: Natural Gas, Forced Air
Cooling: Central Air
Water: Lake Michigan
Sewer: Public Sewer

HOA & community

Assessment: $280 / monthly
Assessment includes: Heat, Water, Gas, Parking, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Pets: Cats OK, Dogs OK

Schools

Elementary: Jane Addams Elementary School (15)
Junior high: Winston Campus Middle School (15)
High school: Palatine High School (211)

Taxes & terms

Annual taxes: $2,557 (2024)
Parcel number (PIN): 02122130011297
PIN: 02122130011297
Ownership: Condo
Possession: Other
Special conditions: None
Listed: 7/11/2026

Rooms

Room	Size	Level
Balcony/Porch/Lanai	5X13	Main
Bedroom 2		N/A
Bedroom 3		N/A
Bedroom 4		N/A
Dining Room		N/A
Family Room		N/A
Kitchen	10X10	Main
Laundry		N/A
Living Room	13X19	Main
Master Bedroom	11X15	Main

What would this home cost per month?

Using this listing's actual tax bill (2024) and actual HOA assessment — adjust anything.

Price

Down payment %

Rate %

Term (years)

Taxes ($/yr)

Insurance ($/mo)

HOA ($/mo)

Rates move daily — edit to today's quote. Under 20% down adds PMI automatically.

Estimated monthly payment

Principal & interest

Property taxes

Insurance

PMI (under 20% down)

HOA / assessments

Estimates only — not a loan offer or quote; your rate, insurance and PMI depend on your credit and lender. Run other scenarios on the full mortgage calculator, or ask us to connect you with lenders our clients actually close with.

Similar homes nearby

$179,900

2 bd · 2 ba · 1,280 sqft

1422 Carol Court #3A, Palatine, IL 60074

$185,000

1 bd · 1 ba · 800 sqft

1000 Bayside Drive #207, Palatine, IL 60074

$145,900

1 bd · 1 ba · 800 sqft

3600 Bayside Drive #5, Palatine, IL 60074

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.

Ask About This Home →

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

Based on information submitted to the MLS GRID as of 2026-08-26 02:23:03. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Use of this site's search and display of listing data is subject to our Terms of Use. Some listings have been excluded from this website.