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Preserve/Palatine Condos

Preserve/Palatine Condos

Preserve/Palatine Condos
Condominium Building
435 W Wood St
Palatine, IL 60067
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

94 Units
4 Stories
2006 Year Built
$346K - $469K Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Party Room
  • Plum Grove Jr High School Rated A-
  • Elevator
  • Balcony
  • 1 Garage Space Per Unit
  • 4 min walk to Margreth Riemer Reservoir Park

Modern living in the heart of Downtown Palatine

The Preserve/Palatine Condos, completed in 2006, offers a contemporary living experience in the bustling Downtown Palatine area. This 4-story building houses 94 units, providing residents with a blend of urban convenience and suburban charm. The condominium's location puts residents within easy reach of local amenities, shopping, and dining options, making it an ideal choice for those seeking a balanced lifestyle in a vibrant community.

Spacious layouts with upscale finishes

The Preserve/Palatine Condos offers a range of thoughtfully designed units to suit various needs. The building features 2 to 3-bedroom layouts, with sizes spanning from 1,362 to 1,880 square feet. The smallest units are 2-bedroom, 2-bathroom configurations, while the largest boast 3 bedrooms and 2.5 bathrooms, providing ample space for comfortable living. These condos are characterized by their open floor plans and high-end finishes. Many units feature 9-foot ceilings, creating an airy and spacious feel throughout. The flooring is a particular highlight, with engineered hardwood floors that include radiant heating for added comfort during colder months. Kitchens in these units are designed to impress, boasting 42-inch cabinets, stainless steel appliances, and stunning granite countertops. Some units feature kitchen islands with breakfast bars, perfect for casual dining or entertaining. The primary bedrooms are generously sized, often including walk-in closets for ample storage. Bathrooms are equally well-appointed, with many primary suites featuring luxurious touches such as quartz countertops, separate showers, and even Jacuzzi tubs in some units. The attention to detail extends to the separate laundry rooms, which often include additional cabinetry for storage. Large windows and private balconies are common features, allowing residents to enjoy natural light and outdoor space. Some units offer picturesque views of the Margreth Riemer Reservoir, adding to the appeal of these homes. Prices for these condos vary, with recent listings for 2-bedroom units around $390,000. This pricing, combined with the quality of finishes and the prime location, makes the Preserve/Palatine Condos an attractive option for those seeking a blend of comfort and value in Downtown Palatine.

Comfort and convenience at every turn

The Preserve/Palatine Condos offers a range of amenities designed to enhance residents' daily lives. The building's exterior features a blend of brick and limestone, creating an attractive facade that complements the surrounding area. Upon entering, residents and guests are greeted by an impeccable lobby, setting the tone for the quality found throughout the building. One of the standout features is the heated garage, providing residents with comfortable access to their vehicles year-round. Each unit comes with a designated parking space, and there's ample guest parking available as well. For added convenience, each parking space is accompanied by a large private storage unit, perfect for seasonal items or extra belongings. The building is equipped with a modern elevator, ensuring easy access to all floors. For those who enjoy entertaining, there's a meeting/party room available for residents to use, ideal for hosting gatherings or events that might be too large for individual units. The Preserve/Palatine Condos is a pet-friendly building, recognizing the importance of furry family members to many residents. This policy adds to the community feel of the building and allows pet owners to feel truly at home. Inside the units, residents benefit from a range of modern amenities. Central air conditioning and heating ensure year-round comfort, while in-unit washers and dryers add convenience to daily life. Many units feature balconies, providing private outdoor spaces for relaxation or small container gardens. The kitchens are well-equipped with essential appliances including dishwashers, disposals, microwaves, refrigerators, ovens, and ranges. Bathrooms in many units boast double vanities, adding a touch of luxury to the daily routine. The building's management maintains a financially solid reserve account, ensuring that the property is well-maintained and that any necessary repairs or upgrades can be addressed promptly. This commitment to upkeep helps preserve the value of the units and maintains the overall quality of life for residents. While the building itself may not offer extensive recreational facilities, its location adjacent to the 91-acre Riemer Reservoir Park more than makes up for this, providing residents with easy access to outdoor activities and green spaces.

A vibrant downtown with small-town charm

The Preserve/Palatine Condos sits in the heart of Downtown Palatine, a neighborhood that blends urban convenience with a strong sense of community. This area is known for its pedestrian-friendly layout, tree-lined streets, and a diverse mix of local businesses and restaurants. Just steps from the building, residents can explore a variety of dining options. Durty Nellie's, a local favorite, is a gastropub and concert venue that offers nightly events and activities. For those craving international flavors, Schnell's Brauhaus serves up hearty Bavarian-American cuisine in a cozy, wood-lined setting. Beer enthusiasts will appreciate Emmett's Brewing Company, which brings award-winning craft beers and brewpub dining to the area. Shopping needs are easily met with several options nearby. A Jewel-Osco supermarket is conveniently located in the heart of downtown, providing residents with a quick and easy option for groceries. For a wider selection, the Deer Grove Centre to the north houses larger retailers like Walmart and Home Depot. The neighborhood is rich in recreational opportunities. The crown jewel is the adjacent Margreth Riemer Reservoir Park, a 91-acre green space featuring walking trails, a disc golf course, and areas for various outdoor activities. In winter, the park's hills become popular spots for sledding. Just a short walk away, Community Park offers additional amenities including baseball fields, basketball courts, and the Family Aquatic Center for swimming. For fitness enthusiasts, there are several gyms in the vicinity. Body Shop Gymnasium and Complete Warrior Fitness are both within a 20-minute walk, offering a range of workout options. The area's commitment to community is evident in its year-round events. The Palatine Jaycees organize the annual Hometown Fest, featuring a carnival, fireworks, and parade. The downtown area also hosts a three-day Street Fest with food vendors, music, and various activities. These events, along with others like Oktoberfest and the Holiday Tree Lighting ceremony, foster a strong sense of community among residents. Education is well-served in the area, with several highly-rated schools nearby. Stuart R. Paddock School, an elementary school with a B+ rating from Niche, is just a 10-minute walk away. For middle school students, Plum Grove Jr High School, rated A- by Niche, is a short drive. High school students attend the highly regarded William Fremd High School, which boasts an A+ rating from Niche and is ranked as the 14th best public high school in Illinois. The neighborhood's charm lies in its ability to offer the conveniences of urban living while maintaining a small-town feel. The mix of local businesses, community events, and easy access to nature creates a well-rounded living experience for residents of the Preserve/Palatine Condos.

Connected to Chicago and beyond

The Preserve/Palatine Condos benefits from its strategic location in Downtown Palatine, offering residents multiple transportation options for both local and long-distance travel. One of the most significant transportation assets is the Palatine Station, located just a 5-minute walk from the building. This Metra station serves the Union Pacific Northwest Line, providing direct access to downtown Chicago. The convenience of this commuter rail makes it possible for residents to work in the city while enjoying the more relaxed suburban lifestyle of Palatine. For those who prefer to drive, the area is well-connected to major roadways. While specific highways aren't mentioned in the provided information, Palatine's location in the Chicago suburbs typically means easy access to interstates and major arterial roads, facilitating travel throughout the region. Cycling is a viable option for local transportation, with the area featuring several bike-friendly routes. The proximity of various amenities and the layout of the neighborhood streets contribute to a bike-friendly environment, making it convenient for residents to run errands or enjoy leisure rides. While public bus service isn't as extensive as in more urban areas, there are options available. The Wheeling - Schaumburg bus line has a stop at Rand & Winslowe, about a 10-minute drive from the condo, providing an additional public transit option for those who need it. For air travel, residents have convenient access to two major airports. Chicago O'Hare International Airport is approximately 18 miles away, or about a 25-minute drive, making it easily accessible for both domestic and international flights. For those who prefer to fly from Chicago Midway International Airport, it's about a 50-minute drive, covering approximately 34 miles. The building itself caters to car owners with its heated garage, ensuring that residents have a comfortable and secure place to park their vehicles year-round. This feature is particularly valuable during the harsh Chicago winters, allowing residents to start their commutes without the hassle of clearing snow or ice from their cars. While the area may not have the extensive public transit options of a dense urban core, the combination of rail access, bike-friendly streets, and proximity to major roads and airports provides residents of the Preserve/Palatine Condos with flexible transportation options to suit various needs and preferences.

Building Details

Recreation

  • Bike Trail

Amenities

  • Party Room
  • Community Storage Space
  • Resident Manager or Management On Site
  • 24 Hour Access

Parking

  • 1 Garage Space Per Unit
  • 1 Car Attached Garage
  • On-Site Parking

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Condo Association

  • $617 Monthly HOA Fees
  • Monthly HOA Fees Range from $499 - $629
  • Association fees include heat, water, gas, parking, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • Manager Association, Phone Number (847) 490-3833
  • The Preserve Subdivision
  • Property managed by Associa Chicagoland

Building Design

  • Fire Sprinkler System
  • Elevator

Unit Features

  • Laundry Room
  • Washer and Dryer Hookup
  • Balcony

Activity

Views

41

Favorites

1

Unit Information

Unit
Beds
2 Beds
Baths
2 Baths
Sq Ft
1,780
Price
$450,000
Price / Sq Ft
$253 / Sq Ft
List Date
07/30/2025

Unit Size and Value Ranges

2 Bedroom Units
Sq Ft Range
1,400 - 1,880
Est. Values
$345,572 - $447,985
3 Bedroom Units
Sq Ft Range
None Available
Est. Values
$468,952

Map

Area Factors

Very Bikeable

Bike Score®

71 / 100

Very Walkable

Walk Score®

71 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

75 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$24.8K - $34.4K
Range of Taxes in Building
$4,244 - $10,183
Range of Taxes per Sq Ft
$2.38 - $7.02

Property Tax History

Source: Public Records

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Building Team

Architect
HKM Architects + Planners, Inc.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.