Real Estate Agent Teresa Shreve
Teresa Shreve
(815) 289-3362
Rockford
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641 W Lake Cook Road, Palatine, IL 60074

$1,100,000
SAVE TOUR THIS HOME
  • 641 W Lake Cook Road, Palatine, IL 60074 Main Photo

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New to the Market Active
BEDS6 BATHS4 full SQUARE FEET4,860 MLS#12697772
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLDistrict 211
TOUR THIS HOME
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Property Description

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.

641 W Lake Cook Road | MLS# 12697772

This single family home located at 641 W Lake Cook Road, Palatine, IL 60074 is currently listed for sale with an asking price of $1,100,000. This property was built in 1976 and has 6 bedrooms and 4 full baths with 4860 sq. ft. W Lake Cook Road is located within the District 211 school district. Search Palatine real estate on tshreve.gogambino.com today.

Property Features

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 Sizes

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

Local Schools

School District: District 211

Listed By / Shown By

Listed By

Agency Name: eXp Realty
Agency Phone: 888-574-9405

Shown By

Agent Name: Teresa Shreve
Agent Phone: (815) 289-3362
Agency Title: Gambino Realtors

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Estimated Payment

$ 7,384.21 per month $4,996.54 Principal & Interest $2,066.83 Property Tax $320.83 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/15/2026. The listing information on this page last changed on 07/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 07/15/2026 12:31:14 AM EST) or MRED MLS (last updated Wed 07/15/2026 12:26:00 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 07/14/2026 10:15:48 PM EST) or Northern Illinois Commercial Association Realtors (last updated Tue 07/14/2026 2:10:51 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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