Two oversized roomsCentral reception areaDetached two-car garageSurrounded by mature treesFlexible floor planExceptional privacy
Outstanding opportunity to own a unique and well-maintained property situated on a beautifully landscaped 1/2-acre lot surrounded by mature trees, offering exceptional privacy in a highly desirable Palatine location. Originally built as a single-family home and later rezoned for office use, this one-of-a-kind property offers incredible flexibility for a variety of future uses. Buyers seeking a distinctive residence may have the opportunity to convert the property back to single-family residential use, subject to approval by the Village of Palatine. Alternatively, the property may continue to serve as a professional office, making it an excellent option for owner-users, entrepreneurs, or those looking for a live/work opportunity (buyers should verify all zoning requirements and permitted uses with the Village). Inside, the flexible floor plan features two oversized rooms currently used as private offices, a central reception area that could easily become a spacious living room or dining area, and an additional room ideal for a bedroom, home office, nursery, or storage. The property also includes a full bathroom and a convenient kitchenette with refrigerator, cabinet storage, and space for a microwave and coffee station, providing an excellent starting point for future customization. Outside, you'll find a detached two-car garage, a dedicated parking area accommodating six or more vehicles, and a separate standalone building offering endless possibilities as a workshop, studio, home gym, guest space, hobby room, private office, or additional storage. Major mechanical updates have already been completed, including a newer furnace and hot water heater, both replaced within the past two years. Located just over one mile from the proposed future Chicago Bears stadium development in Arlington Heights, this property offers exceptional long-term investment potential in one of the northwest suburbs' most exciting growth corridors. Whether you're envisioning a charming custom residence, a unique live/work property, or a continued professional office, this versatile property offers an exceptional opportunity to bring your vision to life.
26 days
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1,052
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75
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Morgan Danuk630-956-3013,
Legacy Properties, A Sarah Leonard Company, LLC
Source: MRED as distributed by MLS GRID,MLS#: 12706201
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Rooms
Room types: Bonus Room
Primary bedroom
Level: Main
Area: 280 Square Feet
Dimensions: 20X14
Bedroom 2
Level: Main
Area: 209 Square Feet
Dimensions: 19X11
Bedroom 3
Level: Main
Area: 280 Square Feet
Dimensions: 20X14
Bonus room
Level: Main
Area: 320 Square Feet
Dimensions: 20X16
Heating
Forced Air
Cooling
Central Air
Features
Basement: None
Number of fireplaces: 1
Fireplace features: Other
Interior area
Total structure area: 0
Total interior livable area: 1,650 sqft
Property
Parking
Total spaces: 8
Parking features: Yes, Detached, Garage
Garage spaces: 2
Accessibility
Accessibility features: No Disability Access
Features
Stories: 1
Lot
Size: 0.5 Acres
Dimensions: 153X141
Details
Parcel number: 02241000160000
Special conditions: None
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Materials
Vinyl Siding
Condition
New construction: No
Year built: 1944
Utilities & green energy
Sewer: Septic Tank
Water: Well
Community & HOA
HOA
Services included: None
Location
Region: Palatine
Financial & listing details
Price per square foot: $218/sqft
Tax assessed value: $310,000
Annual tax amount: $9,329
Date on market: 7/15/2026
Ownership: Fee Simple
Estimated market value
Zestimate®
$355,600
Estimated sales range
$338,000 - $373,000
Rent Zestimate®
$2,876/mo
Price history
Date
Event
Price
7/15/2026
Listed for sale
$360,000+63.6%$218/sqft
Source: MRED as distributed by MLS GRID #12706201Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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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.