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.
Active
$360,000
805 E Palatine Rd, Palatine, IL 60074
3beds
1,650sqft
Single Family Residence
Built in 1944
0.5 Acres Lot
$355,100 Zestimate®
$218/sqft
$-- HOA
What's special
Two oversized roomsCentral reception areaDetached two-car garageSurrounded by mature treesFlexible floor planExceptional privacy
- 80 days
- 868
- 71
Zillow last checked:
Listing updated:
Listed by:
Morgan Danuk 630-956-3013,
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
$355,100
$337,000 - $373,000
$2,977/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listed for sale | $360,000+63.6%$218/sqft |
Source: | ||
| 5/24/2011 | Sold | $220,000+158.8%$133/sqft |
Source: Public Record Report a problem | ||
| 3/5/1997 | Sold | $85,000-10.5%$52/sqft |
Source: Public Record Report a problem | ||
| 6/22/1995 | Sold | $95,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,023 +7.4% | $31,000 +0% |
| 2023 | $9,329 +2.4% | $30,999 |
| 2022 | $9,108 +10.2% | $30,999 +26.2% |
| 2021 | $8,264 +1.7% | $24,555 |
| 2020 | $8,122 -0.2% | $24,555 -10.5% |
| 2019 | $8,143 +11.8% | $27,436 +22.4% |
| 2018 | $7,282 +1.9% | $22,417 |
| 2017 | $7,145 +7.3% | $22,417 |
| 2016 | $6,658 -3.6% | $22,417 +4.5% |
| 2015 | $6,908 +1.1% | $21,448 |
| 2014 | $6,835 +2.5% | $21,448 |
| 2013 | $6,666 -10.6% | $21,448 -19.1% |
| 2012 | $7,459 +4.9% | $26,497 |
| 2011 | $7,108 +1.5% | $26,497 |
| 2010 | $7,000 -5% | $26,497 -13.4% |
| 2009 | $7,371 +6.5% | $30,609 -5% |
| 2008 | $6,919 +1.7% | $32,221 |
| 2007 | $6,802 +20.1% | $32,221 +29.3% |
| 2006 | $5,662 -1.2% | $24,926 |
| 2005 | $5,730 +3.9% | $24,926 |
| 2004 | $5,513 +44.5% | $24,926 +49.2% |
| 2003 | $3,816 +3.2% | $16,707 |
| 2002 | $3,699 +15.1% | $16,707 |
| 2001 | $3,213 -11.8% | $16,707 +5.8% |
| 2000 | $3,645 +1.4% | $15,785 |
| 1999 | $3,594 | $15,785 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60074
Nearby schools
Schools provided by the listing agent
- 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.





