$649,900

43 S Cedar Street, Palatine, IL 60067

Active
5 beds 3 baths 3,700 sqft (estimated) Built 1949 Residential MLS #MRD12716589 7 days on market
Listing courtesy of eXp Realty · 888-574-9405 · il.broker@exprealty.net · MLS #MRD12716589 · Status: Active
Rare Palatine Opportunity - Nearly an Acre with a Second Unit! This property is truly unique; the main house offers a spacious layout with its own large kitchen, bathroom, and living areas. Attached is an extended section featuring a separate kitchen and bathroom. Additionally, there's a second Unit that is licensed via Village of Palatine on-site ready to be rented out. You can live in the main house and rent a second house . Perfect for business or investment. Steps from vibrant downtown Palatine and served by highly rated schools, this exceptional property sits on nearly an acre lot with a fully independent, freestanding second unit. The main residence offers 3 bedrooms, full basement plus a dedicated office and approximately 2,800 sq ft of thoughtfully updated living space. The renovated kitchen shines with quartz countertops, stainless steel appliances, and generous cabinetry, while spacious bedrooms provide room to grow. An attached in-law addition provides a private bedroom and full bath - ideal for extended family or multigenerational living. Major updates throughout include new siding, new HVAC system, newer flooring, and an updated basement - truly move-in ready. The freestanding second unit - approximately 900 sq ft - is equally well-appointed with its own new HVAC system, new flooring, newer washer and dryer, and many additional updates. Total parking space is for at least 5 cars. A private garage and separate laundry make it completely self-sufficient. Live in one, rent the other - or maximize returns by leasing both. The possibilities are as expansive as the lot itself.

Property details

Interior

Basement
Finished, Partially Finished, Full
Laundry
In Unit
Additional rooms
Office, Bedroom 5
Total rooms
9

Building & exterior

Age
71-80 Years
Exterior
Vinyl Siding, Frame

Parking

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

Lot & location

Lot dimensions
145 X 330
Township
Palatine
County
Cook

Utilities

Heating
Natural Gas, Forced Air
Cooling
Central Air
Water
Public
Sewer
Public Sewer
Electricity
Circuit Breakers

HOA & community

Assessment includes
None

Schools

Elementary
Stuart R Paddock Elementary Scho (15)
Junior high
Plum Grove Middle School (15)
High school
Wm Fremd High School (211)

Taxes & terms

Annual taxes
$16,282 (2023)
Parcel number (PIN)
02222010640000
PIN
02222010640000
Ownership
Fee Simple
Possession
Closing
Special conditions
None
Listed
7/27/2026

Rooms

RoomSizeLevelFlooring
Office11X8Main
Bedroom 510X14Main
Bedroom 213X11Main
Bedroom 312X10Main
Bedroom 413X9Main
Dining RoomN/A
Family Room27X17Main
Kitchen15X11Main
Laundry11X10Basement
Living Room15X26Main
Master Bedroom12X18Main

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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