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.
Property Details
Price:
$1,100,000
MLS #:
MRD12697772
Status:
Active
Beds:
6
Baths:
4
Type:
Single Family
Neighborhood:
palatine
Listed Date:
Jul 7, 2026
Finished Sq Ft:
4,860
Year Built:
1976
See this Listing
Schools
School District:
211
Interior
Bathrooms
4 Full Bathrooms
Cooling
Other
Heating
Natural Gas
Exterior
Construction Materials
Cedar
Garage Spaces
2
Parking Features
Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Financial
HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2024
Taxes
$24,802
Map
Community
- Address641 W Lake Cook Road Palatine IL
- CityPalatine
- CountyCook
- Zip Code60074
Subdivisions in Palatine
- Abbey Hill
- Amber Ridge
- Arlington Crest
- Auburn Woods
- Baldwin Court
- Banbury Lane
- Baybrook
- Benchmark
- Bent Creek
- Brentwood
- Brentwood Estates
- Bridgeview Creek West
- Capri Village
- Charter Hall
- Cherrybrook Village
- Chestnut Woods
- Circle Park
- Claremont Ridge
- Concord Mills
- Cornell Lakes
- Countryside
- Deer Run
- Dunhaven Woods
- English Valley
- Erins Glen
- Ethans Glen
- Fair Meadows
- Fontenay
- Forest Edge
- Forest Glen
- Georgetown
- Golfview Commons
- Hamilton Place
- Harvest Run
- Heatherstone
- Heritage Manor
- Hidden Creek
- Hidden Prairie
- Hunting Ridge
- Inverrary West
- Kingsbrooke
- Lexington Hills
- Long Valley
- Newberry Lane
- Northview
- Parkside on the Green
- Pepper Tree Farms
- Plum Court
- Plum Grove Condos
- Plum Grove Estates
- Plum Grove Hills
- Renaissance Place
- Renaissance Towers
- Reseda
- Runaway Bay
- San Tropai
- Shenandoah
- Stonington
- The Heritage of Palatine
- The Preserve
- The Providence
- The Stratford of Palatine
- Timberlake Estates
- Washington Square
- Wellington at Twin Lakes
- Whytecliff
- Willow Creek
- Willow Wood
- Windhaven
- Windhill
- Winston Park
- Wyndham Club
Market Summary
Current real estate data for Single Family in Palatine as of Jul 11, 2026
148
Single Family Listed
71
Avg DOM
282
Avg $ / SqFt
$616,550
Avg List Price
Property Summary
- 641 W Lake Cook Road Palatine IL is a Single Family for sale in Palatine, IL, 60074. It is listed for $1,100,000 and features 6 beds, 4 baths, and has approximately 4,860 square feet of living space, and was originally constructed in 1976. The current price per square foot is $226. The average price per square foot for Single Family listings in Palatine is $282. The average listing price for Single Family in Palatine is $616,550.
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Copyright 2026. All rights reserved.
641 W Lake Cook Road
Palatine, IL
