Palatine, IL Multifamily Home for Sale

Palatine's Deer Grove Forest Preserve draws residents with extensive hiking and biking trails through pristine natural areas. The downtown area buzzes with activity during the annual Street Fest featuring live music, food vendors, and carnival rides, while the weekly farmers market runs May through October. Local dining ranges from authentic Italian at Gianni's Cafe to Texas-style barbecue at Chicago Culinary Kitchen, plus craft beers at Emmett's Brewing Company. The housing market includes diverse options across distinct neighborhoods. Single family homes in Downtown Palatine have a median price of $410,000, while Baldwin commands $660,000. Virginia Lake features condos starting at a median of $159,900 for one bedroom units and $195,000 for two bedrooms. Twin Lakes condos range from a median of $168,000 for one bedroom to $236,700 for two bedroom units. The citywide median sale price sits at $350,000. Commuters benefit from the downtown Metra station on the Union Pacific Northwest Line, reaching Chicago in approximately 50 minutes. Major highways including Route 53, I-90, and I-290 provide additional transportation options. The Cook County property tax rate is 1.98%, while Illinois has a 4.95% state income tax rate. Families have access to several highly rated schools, including William Fremd High School and John Hersey High School, both rated A+ by Niche. Private options include Holy Family Catholic Academy, an International Baccalaureate World School. Community amenities include the Palatine Hills Golf Course, Cutting Hall Performing Arts Center, and Harper College's extensive educational programs.