Ideally located in the Virginia Lake subdivision of Palatine, this expansive all brick Ranch is waiting for you and your family to enjoy 1800SF (appx) of living space. As you enter the foyer, you'll be stepping into the family room and kitchen (both recently gutted). You'll immediately notice the new kitchen upgrades with custom cabinetry, granite counters, island, stainless steel appliances, recessed lights, gorgeous wood flooring, 2 skylights, and tons of natural light! Spacious family room features a striking stone fireplace, sliding doors overlooking the huge outdoor patio, beautiful wood floors, and new recessed lighting. Adjacent to the kitchen is the dining and living room areas with hardwood floors throughout. This floorplan is perfect for casual or formal gatherings, dinners, and entertaining!! The 3 bedrooms are all generous sizes with great closet space. The primary bedroom includes a full bath with a walk-in closet! Main level laundry room, so no lugging of clothes up and down stairs! Very spacious lower level with all kinds of possibilities and expansion ideas. Walls are finished and recently painted, upgraded elec panel box, plus additional storage and utility rooms, and separate crawl space. NOTE: Additional home generator also included!!! 2 car attached garage with more storage. Large backyard waiting for your ideas. *Lot SF 12,452. *** Close to Schools, Sycamore Park, Palatine Bike trails, Shops, etc. You're only minutes from Route 53 for easy commutes!!
Closed
$532,500
1040 E Grissom Dr, Palatine, IL 60074
3beds
1,800sqft
Single Family Residence
Built in 1971
-- sqft lot
$543,800 Zestimate®
$296/sqft
$2,962 Estimated rent
Home value
$543,800
$489,000 - $604,000
$2,962/mo
Zestimate® history
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$3,793/mo
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List your homeWhat's special
All brick ranchStriking stone fireplaceRecessed lightsTons of natural lightSpacious family roomNew recessed lightingNew kitchen upgrades
Zillow last checked:
Listing updated:
Listed by:
Bernadette LaRocco 773-631-8300,
Coldwell Banker Realty
Bought with:
Kevin Herbon
Redfin Corporation
Source: MRED as distributed by MLS GRID,MLS#: 12577138
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Recreation Room, Utility Room-Lower Level, Storage, Foyer, Walk In Closet
Primary bedroom
- Features: Flooring (Hardwood), Bathroom (Full)
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16X14
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14X11
Bedroom 3
- Features: Flooring (Hardwood)
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13X10
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13X10
Family room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 273 Square Feet
- Dimensions: 21X13
Foyer
- Level: Main
- Area: 84 Square Feet
- Dimensions: 12X7
Kitchen
- Features: Kitchen (Eating Area-Breakfast Bar, Granite Counters, Updated Kitchen), Flooring (Porcelain Tile)
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13X11
Laundry
- Level: Main
- Area: 35 Square Feet
- Dimensions: 7X5
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 260 Square Feet
- Dimensions: 20X13
Recreation room
- Level: Basement
- Area: 990 Square Feet
- Dimensions: 45X22
Storage
- Level: Basement
- Area: 154 Square Feet
- Dimensions: 14X11
Other
- Level: Basement
- Area: 220 Square Feet
- Dimensions: 20X11
Walk in closet
- Level: Main
- Area: 42 Square Feet
- Dimensions: 7X6
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
- Laundry: Main Level, Gas Dryer Hookup, Sink
Features
- 1st Floor Bedroom, 1st Floor Full Bath, Granite Counters
- Flooring: Hardwood
- Basement: Partially Finished,Crawl Space,Storage Space,Full
- Number of fireplaces: 1
- Fireplace features: Gas Starter, Family Room
Interior area
- Total structure area: 0
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Yes, Attached, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
- Patio & porch: Patio
Lot
- Dimensions: 74X179X66X31X134
Details
- Parcel number: 02123070030000
- Special conditions: List Broker Must Accompany
- Other equipment: Radon Mitigation System
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
HOA
- Services included: None
Location
- Region: Palatine
Financial & listing details
- Price per square foot: $296/sqft
- Tax assessed value: $302,780
- Annual tax amount: $7,589
- Date on market: 3/10/2026
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Sold | $532,500+1.4%$296/sqft |
Source:  MRED as distributed by MLS GRID #12577138 Report a problem | ||
| 3/16/2026 | Contingent | $525,000$292/sqft |
Source: MRED as distributed by MLS GRID #12577138 Report a problem | ||
| 3/10/2026 | Listed for sale | $525,000+23.5%$292/sqft |
Source: MRED as distributed by MLS GRID #12577138 Report a problem | ||
| 10/15/2025 | Sold | $425,000+0%$236/sqft |
Source: MRED as distributed by MLS GRID #12427487 Report a problem | ||
| 10/14/2025 | Pending sale | $424,900$236/sqft |
Source: MRED as distributed by MLS GRID #12427487 Report a problem | ||
| 9/5/2025 | Contingent | $424,900$236/sqft |
Source: MRED as distributed by MLS GRID #12427487 Report a problem | ||
| 9/3/2025 | Listed for sale | $424,900+56.8%$236/sqft |
Source: MRED as distributed by MLS GRID #12427487 Report a problem | ||
| 5/27/1998 | Sold | $271,000$151/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $30,278 |
| 2023 | $7,197 -12.9% | $30,278 -13.5% |
| 2022 | $8,261 +62.7% | $34,999 +61.8% |
| 2021 | $5,076 -1.1% | $21,625 |
| 2020 | $5,132 -34.4% | $21,625 -20.8% |
| 2019 | $7,829 -16.8% | $27,298 -9.9% |
| 2018 | $9,412 +1.9% | $30,287 |
| 2017 | $9,234 +7.5% | $30,287 |
| 2016 | $8,588 +6% | $30,287 +14.8% |
| 2015 | $8,103 +1.2% | $26,374 |
| 2014 | $8,005 +23.8% | $26,374 |
| 2013 | $6,467 -18.8% | $26,374 -22.4% |
| 2012 | $7,966 -8.6% | $33,988 |
| 2011 | $8,712 +23.6% | $33,988 |
| 2010 | $7,050 +13.1% | $33,988 -0.5% |
| 2009 | $6,231 +11.9% | $34,169 -5% |
| 2008 | $5,566 +3.9% | $35,968 |
| 2007 | $5,357 +2.8% | $35,968 +33.6% |
| 2006 | $5,209 -1.8% | $26,921 |
| 2005 | $5,304 +5% | $26,921 |
| 2004 | $5,052 -1.9% | $26,921 +3.1% |
| 2003 | $5,149 +3.3% | $26,124 |
| 2002 | $4,987 +3.9% | $26,124 |
| 2001 | $4,800 +1.6% | $26,124 +12.6% |
| 2000 | $4,723 +1.8% | $23,198 |
| 1999 | $4,640 | $23,198 |
Find assessor info on the county website
Neighborhood: 60074
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Nearby schools
GreatSchools rating
- 6/10Jane Addams Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Winston Campus Jr High SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Palatine High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Jane Addams Elementary School
- Middle: Winston Campus Middle School
- High: Palatine High School
- District: 15
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$543,800
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Estimated market value
$543,800
- Illinois
- Cook County
- Palatine
- 60074
- 1040 E Grissom Dr
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