Welcome to this light-filled ranch nestled on a tree-lined street in sought-after Palanois Park. This home offers a well-designed floor plan that's perfect for everyday living and entertaining. The spacious family room features a cozy gas fireplace and flows into the updated kitchen, complete with a dining area. You'll also enjoy the sun-drenched living room ideal for relaxing or hosting guests. The full bath has been updated, and there's new flooring throughout the main level. The unfinished basement includes space for relaxing, working out and doing laundry as well as extra storage and a convenient shower. Recent updates include the kitchen (2022), full bathroom (2024), washer and dryer (2025), A/C (2022), water heater (2022), water filter system (2023), fence (2022) and deck (2023). Situated on a generous corner lot, the home boasts a two-car garage, a large fenced backyard, and a newer deck-ideal for outdoor entertaining. Fantastic location! Close to schools, parks, shopping, dining, Route 53, the Metra, and all the amenities of downtown Palatine. Plus, you're only 5 minutes from the site of the proposed Chicago Bears Stadium!
Closed
$380,000
55 S Elmwood Ave, Palatine, IL 60074
2beds
1,000sqft
Single Family Residence
Built in 1948
0.27 Acres Lot
$398,600 Zestimate®
$380/sqft
$2,557 Estimated rent
Home value
$398,600
$359,000 - $442,000
$2,557/mo
Zestimate® history
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$2,703/mo
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List your homeWhat's special
Cozy gas fireplaceTree-lined streetLarge fenced backyardSpacious family roomGenerous corner lotWell-designed floor planTwo-car garage
Zillow last checked:
Listing updated:
Listed by:
Barb Schroeder, ABR 847-509-0200,
@properties Christie's International Real Estate
Bought with:
Kimberly Strom
Berkshire Hathaway HomeServices American Heritage
Source: MRED as distributed by MLS GRID,MLS#: 12380123
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Features: Flooring (Other), Window Treatments (Blinds)
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Bedroom 2
- Features: Flooring (Other)
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11X11
Family room
- Features: Flooring (Other), Window Treatments (Blinds)
- Level: Main
- Area: 195 Square Feet
- Dimensions: 15X13
Kitchen
- Features: Flooring (Other)
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10X8
Laundry
- Level: Basement
- Area: 100 Square Feet
- Dimensions: 10X10
Living room
- Features: Flooring (Other), Window Treatments (Blinds)
- Level: Main
- Area: 187 Square Feet
- Dimensions: 17X11
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Features
- Basement: Unfinished,Full
- Number of fireplaces: 1
- Fireplace features: Gas Log, Gas Starter, Family Room
Interior area
- Total structure area: 0
- Total interior livable area: 1,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
Lot
- Size: 0.27 Acres
- Dimensions: 62 X 191
Details
- Parcel number: 02232040130000
- Special conditions: None
- Other equipment: TV-Cable, Ceiling Fan(s)
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
- Subdivision: Palanois Park
HOA
- Services included: None
Location
- Region: Palatine
Financial & listing details
- Price per square foot: $380/sqft
- Tax assessed value: $259,440
- Annual tax amount: $6,699
- Date on market: 6/5/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Sold | $380,000$380/sqft |
Source: Public Record Report a problem | ||
| 7/14/2025 | Sold | $380,000+13.4%$380/sqft |
Source:  MRED as distributed by MLS GRID #12380123 Report a problem | ||
| 6/9/2025 | Contingent | $335,000$335/sqft |
Source: MRED as distributed by MLS GRID #12380123 Report a problem | ||
| 6/5/2025 | Listed for sale | $335,000+34%$335/sqft |
Source: MRED as distributed by MLS GRID #12380123 Report a problem | ||
| 4/6/2020 | Listing removed | $250,000$250/sqft |
Source: Baird & Warner #10629368 Report a problem | ||
| 4/6/2020 | Listed for sale | $250,000+2.5%$250/sqft |
Source: Baird & Warner #10629368 Report a problem | ||
| 4/3/2020 | Sold | $244,000-2.4%$244/sqft |
Source: MRED as distributed by MLS GRID #10629368 Report a problem | ||
| 2/9/2020 | Pending sale | $250,000$250/sqft |
Source: Baird & Warner #10629368 Report a problem | ||
| 2/6/2020 | Listed for sale | $250,000+19%$250/sqft |
Source: Baird & Warner #10629368 Report a problem | ||
| 6/13/2014 | Sold | $210,000-2.3%$210/sqft |
Source: Public Record Report a problem | ||
| 4/23/2014 | Pending sale | $215,000$215/sqft |
Source: Keller Williams Team Realty #08579258 Report a problem | ||
| 4/8/2014 | Listed for sale | $215,000$215/sqft |
Source: Keller Williams Team Realty #08579258 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,060 +5.4% | $25,944 |
| 2023 | $6,699 -9.8% | $25,944 |
| 2022 | $7,430 +8.8% | $25,944 +23.3% |
| 2021 | $6,832 +19.1% | $21,036 |
| 2020 | $5,737 +0% | $21,036 -10.2% |
| 2019 | $5,735 +20.6% | $23,426 +25% |
| 2018 | $4,755 +1.5% | $18,735 |
| 2017 | $4,683 +1.7% | $18,735 |
| 2016 | $4,604 -14% | $18,735 -6.5% |
| 2015 | $5,353 -12% | $20,046 |
| 2014 | $6,084 +32.4% | $20,046 |
| 2013 | $4,596 +5.8% | $20,046 -2.1% |
| 2012 | $4,345 -1% | $20,483 |
| 2011 | $4,388 +2.7% | $20,483 |
| 2010 | $4,273 +3% | $20,483 -18.5% |
| 2009 | $4,150 +21.9% | $25,134 -5% |
| 2008 | $3,404 +5.1% | $26,458 |
| 2007 | $3,240 -4.8% | $26,458 +26.9% |
| 2006 | $3,404 +6% | $20,852 |
| 2005 | $3,210 -2.7% | $20,852 |
| 2004 | $3,300 -1.4% | $20,852 +23% |
| 2003 | $3,346 +3.3% | $16,954 |
| 2002 | $3,240 +1.1% | $16,954 -9.3% |
| 2001 | $3,205 +1.6% | $18,695 +15.7% |
| 2000 | $3,156 | $16,163 |
| 1999 | $3,156 | $16,163 |
Find assessor info on the county website
Neighborhood: 60074
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Nearby schools
GreatSchools rating
- 6/10Virginia Lake Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 5/10Winston Campus Jr High SchoolGrades: 6-8Distance: 0.3 mi
- 8/10Palatine High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- 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
$398,600
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Estimated market value
$398,600
- Illinois
- Cook County
- Palatine
- 60074
- 55 S Elmwood Ave
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