Location, Location, Location. 5 PINs vacant land waiting for your successful business in a very high volume traffic street. Near the intersection of Rand Rd and Lake Cook Rd, Cross Street is a Starbucks, Hyundai, and Chevrolet dealerships, feet away from Shell Gas Station, This property is located in unincorporated Lake County but has a Palatine, IL address. Zoning is "E Estate". For more information visit the Lake County website. Lot Size includes part of the lake.
Property Details
Property Features
Listing Office:
Office Name: Chicagoland Brokers, Inc.
Office Phone: (773) 745-1000
Listing Agent: David Mirdadi
Virtual/3D Tour
Virtual Tour: 20638 Lake Cook Rd
Virtual Tour
Lot Features
Lot Information:
Lot Size: 3.00 Acres
Other
Directions Information:
Directions: Take Route #53 North to Lake Cook Road and West to property
Price Information
Listing Price Info
Price Summary:
List Price: $508,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Palatine, IL.
This property is $173.4K more than the Median Sold Price in Palatine, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #11959530
Listing Office:
Office Name: Chicagoland Brokers, Inc.
Office Phone: (773) 745-1000
Listing Agent: David Mirdadi
Listings courtesy of Midwest Real Estate Data as distributed 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 or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.
All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,603
Per Month
Principal & Interest
$2,536
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,590
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Lincoln Elementary School
1021 N Ridgewood Ln
Distance between this listing and this school1.63 miles
Public District Grades KG-5
4
/10
Virginia Lake Elementary School
925 N Glenn Dr
Distance between this listing and this school1.97 miles
Public District Grades KG-5
5
/10
Jane Addams Elementary School
1020 E Sayles Dr
Distance between this listing and this school2.31 miles
Public District Grades KG-5
Nearby Schools
4
/10
Walter R. Sundling Junior High School
1100 N Smith St
Distance between this listing and this school1.82 miles
Public District Grades 6-8
6
/10
Cooper Middle School
1050 Plum Grove Cir
Distance between this listing and this school2.77 miles
Public District Grades 6-8
7
/10
Lake Zurich Middle School South
435 W Cuba Rd
Distance between this listing and this school2.84 miles
Public District Grades 6-8
Nearby Schools
6
/10
Palatine High School
1111 N Rohlwing Rd
Distance between this listing and this school1.68 miles
Public District Grades 9-12
7
/10
Buffalo Grove High School
1100 W Dundee Rd
Distance between this listing and this school2.90 miles
Public District Grades 9-12
9
/10
Lake Zurich High School
300 Church St
Distance between this listing and this school4.20 miles
The neighbors living near this home have an average income of $160,494. The most common annual income of people living in Palatine, IL is between $100k-200k. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Living In Palatine, IL
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Palatine, IL?
The housing landscape in Palatine is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and lifestyles. Architectural styles range from classic mid-century designs to contemporary constructions, with a significant portion of homes built in the latter half of the 20th century. The area has a healthy homeownership rate, with a substantial percentage of residents owning their homes, while the remainder of the population resides in rental properties.
Is Palatine, IL a good place to live?
Palatine prides itself on a community-centric atmosphere, where local events and festivals play a pivotal role in bringing residents together. The area is celebrated for its well-maintained parks and recreational facilities, which contribute to the town's family-friendly character. Seasonal events and community gatherings are a testament to the town's vibrant cultural identity and strong sense of togetherness.
Are things conveniently located in Palatine, IL?
Residents of Palatine benefit from a robust selection of essential services. The educational landscape includes a number of public and private schools, offering a range of options for families. Healthcare is well-supported by local clinics and hospitals that provide a variety of services from routine care to specialized treatments. The community also enjoys access to public libraries and a variety of retail and dining options that reflect the local culture. City initiatives are in place to continually improve these services to meet the evolving needs of the population.
What does the transportation in Palatine, IL look like?
Transportation in Palatine features a combination of public transit options and well-connected roadways that facilitate easy commuting and travel within the area. The community is served by a network of buses, with schedules designed to accommodate the needs of residents. While specific ride-sharing statistics are not mentioned, such services are commonly used in the area. The town also emphasizes walkability in certain districts, with ongoing efforts to enhance pedestrian and bicycle infrastructure for a more sustainable and accessible environment.
Frequently Asked Questions About 20638 Lake Cook Rd
What is the listing price of this property?
The listing price of 20638 Lake Cook Rd property is $508,000.
What type of property is this?
The property 20638 Lake Cook Rd is land located in Palatine, Illinois, 60074.
Is this property for sale now?
Active Listing: 20638 Lake Cook Rd is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 20638 Lake Cook Rd in Palatine, IL and zip code 60074. This home sits on a 3.00 acre lot. It has been listed on Rocket Homes since January 12, 2024 and is currently priced at $508,000.
While more than 16 listings in Palatine, IL in November 2024 were sold above asking price, there were more than 13 listings sold at asking price, and more than 36 were sold below. The inventory of homes for sale in Palatine, IL between October 2024 and November 2024 decreased by 10.6%. In November 2024, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $334,571.
From Rocket Homes Real Estate and based on county public records data.