Contact us: 563.441.1776
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.
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 4,860
Lot Size: 1.57 acres
Garage Size: 2
Built in 1976
School District: District 211
General Information
Bedrooms: 6
Bathrooms: 4
Sqft: 4,860
County: Cook
Listed By:
eXp Realty
888-574-9405
MRED MLS
MLS ID: 12697772
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
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641 W Lake Cook Road, Palatine, IL 60074.
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| Loan Type | FHA 30 Year Fixed | 15 Year Fixed | VA 30 year fixed |
| Purchase Price | $1,100,000 | $1,100,000 | $1,100,000 |
| Down Payment | $38,500 | $275,000 | $0 |
| Monthly Mortgage Amount | $6,650 | $6,796 | $6,919 |
| Taxes | $1531 | $1531 | $1531 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $660 | $0 | $0 |
| Monthly Estimated Total | $9,162 | $8,648 | $8,771 |
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 12:07:19 AM EST) or MRED MLS (last updated Wed 07/15/2026 12:05:02 AM EST) or SCWMLS (last updated Tue 07/14/2026 11:54:44 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 07/14/2026 10:15:48 PM EST) or Cedar Rapids MLS (last updated Tue 07/14/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Tue 07/14/2026 11:58:41 PM EST) or ICAAR MLS (last updated Tue 07/14/2026 11:37:25 PM EST) or ECIMLS (last updated Tue 07/14/2026 11:44:33 PM EST) or RMLSA (last updated Wed 07/15/2026 12:00:54 AM EST) or Muscatine MLS (last updated Wed 07/15/2026 12:00:10 AM EST) or No Coast MLS (last updated Wed 07/15/2026 12:04:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl 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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Based on information submitted to the 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 or may not be listed by the office/agent presenting the information.
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