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641 W Lake Cook Road Palatine, IL 60074

$1,100,000
New / MLS# 12697772 / Residential - Single Family / Palatine
6 Beds
4 Baths
4860 SqFt

Exceptional 1.57-acre development opportunity comprised of THREE contiguous parcels being sold together. Sale includes two adjoining parcels (three separate PINs). The assemblage currently consists of one livable single-family residence, one home in need of significant renovation or teardown, and one vacant lot. Positioned along highly traveled Lake Cook Road and directly across from Deer Park Town Center, this unique offering provides outstanding visibility and long-term redevelopment potential. Currently zoned R-1 Single Family Residential, the site may present opportunities for future residential, multifamily, mixed-use, or commercial redevelopment, subject to municipal approvals and rezoning. Buyers are encouraged to perform their own due diligence regarding zoning and development possibilities. Whether you're an investor looking to land bank, a builder seeking a large development site, or an owner-user planning for future appreciation, opportunities to acquire three contiguous parcels totaling approximately 1.57 acres in this location are exceptionally rare. Properties are being sold together only. Individual parcels will not be sold separately.

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Baird & Warner Bob Jensen - Julie Jensen Group Agent Cell: 847.894.3744 Email

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Estimated Payment

$ 4,832.11 per month $2,444.44 Principal & Interest $2,066.83 Property Tax $320.83 Homeowner's Insurance
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Property Details

Property Type: Residential - Single Family
Basement: Unfinished, Partial
Basement: Yes
Cooling: Other
Garage: 2
Heating: Natural Gas
Lot Size: 1.57 Acres
Taxes: $24,802
Year Built: 1976

Feature Descriptions

Additional rooms: Bedroom 5,Bedroom 6
Association Includes: None
Exterior: Cedar
Lot Dimensions: 21824
Parcel#: 02031000280000
Parking: Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 10
Township: Palatine
Water: Lake Michigan

Room Information

Bedroom 5: 12X11
Bedroom 6: 12X11
Bedroom 2: 12X11
Bedroom 3: 12X11
Bedroom 4: 12X11
Dining Room: 10X10
Family Room: 10X10
Kitchen: 10X10
Laundry: 5X5
Living Room: 10X10
Primary Bedroom: 14X11

Schools

School District: District 211

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: eXp Realty

Listing Office Phone: 888-574-9405



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