Welcome to this sunny and inviting 2-bedroom, 1-bath ranch, nestled in the heart of Palatine's beloved Arthur T. McIntosh & Co.'s Fair Grounds Park-a quiet, tree-lined neighborhood steeped in history and community charm. This beautifully maintained home offers the ease of single-level living, combining timeless character with smart, modern updates. Step inside to discover a freshly painted interior, a bright and open layout, and gleaming hardwood floors throughout the living room and bedrooms. The eat-in kitchen features luxury vinyl flooring, stainless steel appliances-including a Kenmore refrigerator, Maytag dishwasher, General Electric Gas Range, and LG front-loading washer and dryer-and a high-end Delta touch-sensor faucet for added convenience. Enjoy outdoor living in the spacious, fully fenced backyard-perfect for entertaining, gardening, or relaxing in privacy. A 1.5-car detached garage offers additional storage and parking flexibility. The large lot also provides room for future expansion. Whether you're a first-time homebuyer, downsizing, or seeking a smart investment, this property offers rare value in one of Palatine's most desirable and walkable neighborhoods-just minutes from parks, shopping, dining, and transportation. Key Features: 2 Bedrooms, 1 Full Bath Stainless Steel Appliances: Kenmore Refrigerator, Maytag Dishwasher, LG Washer & Dryer Delta Touch-Sensor Kitchen Faucet Hardwood Floors in Bedrooms & Living Room Luxury Vinyl Flooring in Kitchen Freshly Painted Interior 1.5-Car Detached
Closed
$325,000
523 E Colfax St, Palatine, IL 60074
2beds
1,064sqft
Single Family Residence
Built in 1956
9,801 Square Feet Lot
$270,200 Zestimate®
$305/sqft
$2,192 Estimated rent
Home value
$270,200
$232,000 - $305,000
$2,192/mo
Zestimate® history
Owner options
List your home for rent
$2,192/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,192/mo
Rent Zestimate®
Refinance and save
$2,286/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,286/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listing courtesy of:
Karen Pawlak 847-392-1855,
Baird & Warner
Bought with:
Helen Oliveri
Helen Oliveri Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12362364
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Flooring (Hardwood), Window Treatments (Curtains/Drapes)
- Level: Main
- Area: 182 Square Feet
- Dimensions: 13X14
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13X10
Dining room
- Features: Flooring (Vinyl)
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9X10
Kitchen
- Features: Kitchen (Galley, Pantry-Closet, Pantry), Flooring (Vinyl)
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13X10
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 286 Square Feet
- Dimensions: 13X22
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Main Level, Gas Dryer Hookup, In Unit, In Kitchen
Features
- 1st Floor Bedroom, 1st Floor Full Bath
- Flooring: Hardwood
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 1,064 sqft
Property
Parking
- Total spaces: 5.5
- Parking features: Asphalt, Garage Door Opener, On Site, Garage Owned, Detached, Driveway, Owned, Garage
- Garage spaces: 1.5
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
- Patio & porch: Patio
- Fencing: Fenced,Wood
Lot
- Size: 9,801 sqft
- Dimensions: 69.5 X 138 X 69.3 X 138
Details
- Parcel number: 02144000410000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1956
Details
- Builder model: RANCH
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Palatine
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2025 | Sold | $325,000$305/sqft |
Source:  MRED as distributed by MLS GRID #12362364 Report a problem | ||
| 7/12/2025 | Pending sale | $325,000$305/sqft |
Source: MRED as distributed by MLS GRID #12362364 Report a problem | ||
| 5/19/2025 | Contingent | $325,000$305/sqft |
Source: MRED as distributed by MLS GRID #12362364 Report a problem | ||
| 5/16/2025 | Listed for sale | $325,000+78.8%$305/sqft |
Source: MRED as distributed by MLS GRID #12362364 Report a problem | ||
| 6/15/2020 | Sold | $181,800$171/sqft |
Source: MRED as distributed by MLS GRID #10704497 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2014 | $4,350 +3.1% | $16,901 |
| 2013 | $4,221 -16.5% | $16,901 -20.8% |
| 2012 | $5,055 +2% | $21,350 |
| 2011 | $4,955 +17.9% | $21,350 |
| 2010 | $4,203 -17.1% | $21,350 -23.6% |
| 2009 | $5,069 +18% | $27,939 -5% |
| 2008 | $4,296 +18.5% | $29,409 |
| 2007 | $3,625 +7.1% | $29,409 +32.9% |
| 2006 | $3,384 +3.2% | $22,124 |
| 2005 | $3,279 +6.9% | $22,124 |
| 2004 | $3,066 -0.2% | $22,124 +40.8% |
| 2003 | $3,071 | $15,711 |
Find assessor info on the county website
Neighborhood: 60074
Nearby schools
GreatSchools rating
- 6/10Virginia Lake Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Winston Campus Jr High SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Palatine High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Virginia Lake 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.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$270,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$270,200
- Illinois
- Cook County
- Palatine
- 60074
- 523 E Colfax St
Nearby cities
Nearby zip codes
Other Palatine Topics
