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… Read More 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. Read Less
Courtesy of Legacy Properties, A Sarah Leonard Company, LLC [email protected]
Listing Snapshot
Days Online
12
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,650
Year Built
1944
MLS Number
12706201
30 Days Snapshot Of 60074
$363k
-7%
(avg) sold price
31
+6%
homes sold
10
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
None
Building
Area: 1650, Construction Materials: Vinyl Siding, Built in 1944, Rebuilt: No
Cooling
Central Air
Accessibility Features
No
Fireplaces
1 fireplace, Location: Other
Garage
2 spaces
Heating
Forced Air
Home Owner's Association
Dues include: None
Lot
Dimensions: 153X141
Parking
Parking included in price, Parking Total: 8, Yes, Detached, Garage
Sewer
Septic Tank
Utilities
Water Source: Well
Taxes
Annual Taxes: $9,329, Year: 2023
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Listings courtesy of Midwest Real Estate Data LLC. as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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