Welcome to Unit 205 at 516 N Wilke Rd-a freshly painted, clean, and completely move-in ready 1-bedroom, 1-bathroom condo in the desirable Lake Louise community. Nestled in a quiet and peaceful area near a local elementary school, this home offers a perfect blend of comfort, convenience, and serenity. Step inside to find an open-concept living and dining area filled with natural light-ideal for relaxing or entertaining. The kitchen is functional and well-maintained, offering ample storage and workspace. The spacious bedroom includes a generous closet, and the bathroom is clean and ready to go. Fresh paint throughout gives the entire unit a bright, updated feel. Enjoy access to community amenities including a fitness center, swimming pool, and secure entry. 2 unassigned parking spots are included, and the building is pet-friendly-welcoming both cats and dogs. Conveniently located near highways, the Metra station, shopping, parks, and just steps from an elementary school, this home offers easy access to everything you need.
Closed
$185,000
516 N Wilke Rd APT 205, Palatine, IL 60074
1beds
850sqft
Condominium, Single Family Residence
Built in 1973
-- sqft lot
$195,400 Zestimate®
$218/sqft
$1,554 Estimated rent
Home value
$195,400
$176,000 - $219,000
$1,554/mo
Zestimate® history
Owner options
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$1,719/mo
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$1,719/mo
Est. payment
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List your homeWhat's special
Spacious bedroomFilled with natural lightGenerous closet
Zillow last checked:
Listing updated:
Listing courtesy of:
Kim Alden 847-306-6158,
Compass,
Mary Tobias 847-840-1017,
Compass
Bought with:
Devin K Melendez
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12345840
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Flooring (Carpet)
- Level: Second
- Area: 228 Square Feet
- Dimensions: 12X19
Dining room
- Features: Flooring (Carpet)
- Level: Second
- Area: 90 Square Feet
- Dimensions: 9X10
Kitchen
- Features: Kitchen (Galley), Flooring (Vinyl)
- Level: Second
- Area: 90 Square Feet
- Dimensions: 9X10
Living room
- Features: Flooring (Carpet)
- Level: Second
- Area: 252 Square Feet
- Dimensions: 14X18
Heating
- Natural Gas, Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Range, Microwave, Dishwasher, Refrigerator
Features
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 850 sqft
Property
Parking
- Total spaces: 2
- Parking features: Unassigned, On Site, Owned
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 02132020051119
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 1973
Details
- Builder model: CONDO
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Palatine
- Subdivision: Lake Louise
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $366 monthly
- Amenities included: Exercise Room, Pool, Security Door Lock(s)
- Services included: Heat, Water, Gas, Parking, Insurance, Pool, Lawn Care, Scavenger
Other
Other facts
- Listing terms: Conventional
- Ownership: Condo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2025 | Sold | $185,000-5.1%$218/sqft |
Source:  MRED as distributed by MLS GRID #12345840 Report a problem | ||
| 5/15/2025 | Contingent | $195,000$229/sqft |
Source: MRED as distributed by MLS GRID #12345840 Report a problem | ||
| 4/25/2025 | Listed for sale | $195,000+271.4%$229/sqft |
Source: MRED as distributed by MLS GRID #12345840 Report a problem | ||
| 12/21/2010 | Sold | $52,500-12.4%$62/sqft |
Source: MRED as distributed by MLS GRID #07596296 Report a problem | ||
| 9/29/2010 | Pending sale | $59,900$70/sqft |
Source: Plainfield Professionals Inc #07596296 Report a problem | ||
| 9/17/2010 | Listed for sale | $59,900-51.5%$70/sqft |
Source: Plainfield Professionals Inc #07596296 Report a problem | ||
| 8/30/2005 | Sold | $123,500$145/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $10,893 +0% |
| 2023 | $3,224 +50.7% | $10,891 |
| 2022 | $2,140 +22.8% | $10,891 +25.2% |
| 2021 | $1,743 -2.6% | $8,696 |
| 2020 | $1,790 -0.7% | $8,696 -10.5% |
| 2019 | $1,803 +149.2% | $9,716 +68.6% |
| 2018 | $723 -0.6% | $5,763 |
| 2017 | $728 -21.4% | $5,763 |
| 2016 | $926 +2.8% | $5,763 +3.7% |
| 2015 | $901 -0.6% | $5,556 |
| 2014 | $907 +4.8% | $5,556 |
| 2013 | $866 -34.7% | $5,556 -25.3% |
| 2012 | $1,325 -4.6% | $7,436 |
| 2011 | $1,388 -2.3% | $7,436 |
| 2010 | $1,421 -38.5% | $7,436 -37.1% |
| 2009 | $2,311 +5.1% | $11,813 -5% |
| 2008 | $2,199 +1.2% | $12,434 |
| 2007 | $2,173 -26.2% | $12,434 -7.5% |
| 2006 | $2,944 | $13,442 |
Find assessor info on the county website
Neighborhood: 60074
Nearby schools
GreatSchools rating
- 5/10Lake Louise Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 5/10Winston Campus Jr High SchoolGrades: 6-8Distance: 0.9 mi
- 8/10Palatine High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Lake Louise 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
$195,400
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$195,400
- Illinois
- Cook County
- Palatine
- 60074
- 516 N Wilke Rd Apartment 205
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