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Lake Katherine House for Sale

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    $799,000

    • 3 Beds
    • 1 Bath

    8322 W 123rd St, Palos Park, IL 60464

    One of the largest original lots in Palos Park, a 3.49 acre parcel in prime area, walking distance to Metra stop and the Plush Horse. Structure on property is not salvageable. The lot is full of mature trees and slopes north down to SW Highway. Two separate pins for 2.89 and .59 acre parcels, and they must be sold together. Per zoning restrictions, the lots are able to be split into two ~1.75

    Mark Apel Coldwell Banker Realty

    8322 W 123rd St, Palos Park, IL 60464

Why Live in Lake Katherine

Lake Katherine, spanning Palos Park and Palos Heights, is a residential neighborhood located 25 miles southwest of Chicago. Known for its serene environment and outdoor recreation, the area is named after the Lake Katherine Nature Center and Botanic Gardens. This 85-acre site features gardens, a nature center, a boathouse, and over 2 miles of walking trails. Residents enjoy activities such as kayaking, canoeing, and educational programs about the natural environment. Housing options include 1950s ranches with rustic facades and townhouses in subdivisions like Edelweiss on the Lake, which showcase Tudor-inspired designs. The neighborhood is served by highly rated schools: Palos East Elementary, Palos South Middle, and Amos Alonzo Stagg High, which offers a variety of extracurricular activities. For dining and shopping, residents head to the nearby Harlem Avenue, home to locally owned restaurants like Kefi Greek Cuisine and Capri Ristorante Italian, and shops such as Wandering Wishes Boutique. Grocery needs are met at Jewel-Osco, located southeast of the neighborhood. Commuting is convenient with the Palos Park and Palos Heights Metra Stations, and access to Interstate 55 via State Route 43. The neighborhood also celebrates local events, including a holiday parade and a St. Patrick's Day waterfall dyeing at the nature center. Local employment opportunities are available at Trinity Christian College and Northwestern Palos Hospital. The crime rate in Lake Katherine is lower than the national average, contributing to its appeal as a peaceful suburban community.

Home Trends in Lake Katherine, IL

Housing Trends

Median Sale Price
$415,000
Median Single Family Sale Price
$415,000
Median 2 Bedroom Sale Price
$269,000
Average Price Per Sq Ft
$202
Number of Homes for Sale
1
Last 12 months Home Sales
20
Months of Supply
0.60
Median List Price
$415,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%
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