43 S Cedar Street Palatine IL 60067 MLS #MRD12716589

43 S Cedar Street
Palatine, IL, 60067
$649,900
5 Beds
3 Baths
3,700 SqFt
0.91 Acres
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MLS #MRD12716589 image #0
Rare Palatine Opportunity – Nearly an Acre with a Second Unit! This property is truly unique; the main house offers a spacious layout with its own large kitchen, bathroom, and living areas. Attached is an extended section featuring a separate kitchen and bathroom. Additionally, there’s a second Unit that is licensed via Village of Palatine on-site ready to be rented out. You can live in the main house and rent a second house . Perfect for business or investment. Steps from vibrant downtown Palatine and served by highly rated schools, this exceptional property sits on nearly an acre lot with a fully independent, freestanding second unit. The main residence offers 3 bedrooms, full basement plus a dedicated office and approximately 2,800 sq ft of thoughtfully updated living space. The renovated kitchen shines with quartz countertops, stainless steel appliances, and generous cabinetry, while spacious bedrooms provide room to grow. An attached in-law addition provides a private bedroom and full bath – ideal for extended family or multigenerational living. Major updates throughout include new siding, new HVAC system, newer flooring, and an updated basement – truly move-in ready. The freestanding second unit – approximately 900 sq ft – is equally well-appointed with its own new HVAC system, new flooring, newer washer and dryer, and many additional updates. Total parking space is for at least 5 cars. A private garage and separate laundry make it completely self-sufficient. Live in one, rent the other – or maximize returns by leasing both. The possibilities are as expansive as the lot itself.

Property Details

Price:
$649,900
MLS #:
MRD12716589
Status:
Active
Beds:
5
Baths:
3
Type:
Single Family
Neighborhood:
palatine
Listed Date:
Jul 27, 2026
Finished Sq Ft:
3,700
Year Built:
1949
PalatinePalatineStuart R Paddock Elementary SchoPlum Grove Middle SchoolWm Fremd High School

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Schools

School District:
211
Elementary School:
Stuart R Paddock Elementary Scho
Middle School:
Plum Grove Middle School
High School:
Wm Fremd High School

Interior

Bathrooms
3 Full Bathrooms
Cooling
Central Air
Heating
Natural Gas, Forced Air
Laundry Features
In Unit

Exterior

Construction Materials
Vinyl Siding, Frame
Garage Spaces
2
Parking Features
Yes, Detached, Garage
Parking Spots
2
Parking Total
2

Financial

HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2023
Taxes
$16,282

Map

Community

Market Summary

Current real estate data for Single Family in Palatine as of Aug 03, 2026
134
Single Family Listed
79
Avg DOM
283
Avg $ / SqFt
$632,582
Avg List Price

Property Summary

    43 S Cedar Street Palatine IL is a Single Family for sale in Palatine, IL, 60067. It is listed for $649,900 and features 5 beds, 3 baths, and has approximately 3,700 square feet of living space, and was originally constructed in 1949. The current price per square foot is $176. The average price per square foot for Single Family listings in Palatine is $283. The average listing price for Single Family in Palatine is $632,582.

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