$360,000

805 E Palatine Road, Palatine, IL 60074

Active
3 beds 1 baths 1,650 sqft (estimated) Built 1944 Residential MLS #MRD12706201 7 days on market
Listing courtesy of Legacy Properties, A Sarah Leonard Company, LLC · 224-999-9100 · MLS #MRD12706201 · Status: Active
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.

Property details

Interior

Fireplaces
1
Basement
None
Additional rooms
Bonus Room
Total rooms
4

Building & exterior

Age
81-90 Years
Exterior
Vinyl Siding

Parking

Garage spaces
2
Total spaces
8
Parking details
Yes, Detached, Garage

Lot & location

Lot dimensions
153X141
Township
Palatine
County
Cook

Utilities

Heating
Forced Air
Cooling
Central Air
Water
Well
Sewer
Septic Tank

HOA & community

Assessment includes
None

Schools

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

Taxes & terms

Annual taxes
$9,329 (2023)
Parcel number (PIN)
02241000160000
PIN
02241000160000
Ownership
Fee Simple
Possession
Closing
Special conditions
None
Listed
7/15/2026

Rooms

RoomSizeLevelFlooring
Bonus Room20X16Main
Bedroom 219X11Main
Bedroom 320X14Main
Bedroom 4N/A
Dining RoomN/A
Family RoomN/A
KitchenN/A
LaundryN/A
Living RoomN/A
Master Bedroom20X14Main

What would this home cost per month?

Using this listing's actual tax bill (2023) — adjust anything.

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

Estimated monthly payment
$0
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.

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3 bd · 3 ba · 1,499 sqft
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