43 S Cedar Street, Palatine, IL 60067
Cook County
Key Facts
Description
Rare Palatine Opportunity - Nearly an Acre with a Second Unit! This property is truly unique; the main house offers a spacious layout with its own large kitchen, bathroom, and living areas. Attached is an extended section featuring a separate kitchen and bathroom. Additionally, there's a second Unit that is licensed via Village of Palatine on-site ready to be rented out. You can live in the main house and rent a second house . Perfect for business or investment. Steps from vibrant downtown Palatine and served by highly rated schools, this exceptional property sits on nearly an acre lot with a fully independent, freestanding second unit. The main residence offers 3 bedrooms, full basement plus a dedicated office and approximately 2,800 sq ft of thoughtfully updated living space. The renovated kitchen shines with quartz countertops, stainless steel appliances, and generous cabinetry, while spacious bedrooms provide room to grow. An attached in-law addition provides a private bedroom and full bath - ideal for extended family or multigenerational living. Major updates throughout include new siding, new HVAC system, newer flooring, and an updated basement - truly move-in ready. The freestanding second unit - approximately 900 sq ft - is equally well-appointed with its own new HVAC system, new flooring, newer washer and dryer, and many additional updates. Total parking space is for at least 5 cars. A private garage and separate laundry make it completely self-sufficient. Live in one, rent the other - or maximize returns by leasing both. The possibilities are as expansive as the lot itself.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1949
Living Area
3,700 sq ft
Lot Size
0.91 acres
Lot Dimensions
145 X 330
Garage Spaces
2
Parking Spaces
2
Ownership
Fee Simple
Days on Market
28
MLS® Listing#
12674837
Property Features
Cooling
Heating
Basement
Parking
Laundry
Construction
Sewer
Water Source
Rooms
- Bedroom 213X11Main
- Bedroom 312X10Main
- Bedroom 413X9Main
- Bedroom 510X14Main
- Dining Room
- Family Room27X17Main
- Kitchen15X11Main
- Laundry11X10Basement
- Living Room15X26Main
- Master Bedroom12X18Main
- Office11X8Main
Schools
- Elementary:
- Stuart R Paddock Elementary Scho
- Middle:
- Plum Grove Middle School
- High:
- Wm Fremd High School
- District:
- Wm Fremd High School
Financial Details
Annual Taxes
$16,282
Tax year 2023
Parcel Number
02222010640000
Directions
Palatine Rd E of Smith to Cedar. S on Cedar to property.
Affordability Calculator
$129,980
Estimated monthly payment
$3,459/mo
Principal $519,920 · Est. interest $725,335 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Palatine, IL
- $428,000
- Median Listing Price
- 32
- Median Days on Market
- 1,600
- Median Sq Ft
- $247
- Median Price / Sq Ft
- 112
- Active Listings
- This home’s price is 52% above the area median.
- Its price per sq ft is 29% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Palatine, IL.
Location
Points of Interest in Palatine, IL
Showing the Palatine area map.
Nearby Schools
Stuart R Paddock School
Elementary · 0.2 mi away
School of Metaphysics
School · 0.3 mi away
Immanuel Lutheran School
Elementary · 0.6 mi away
Kirk School
School · 0.7 mi away
Gray M. Sanborn Elementary School
Elementary · 0.8 mi away
Pleasant Hill Elementary School
Elementary · 0.9 mi away
St Theresa School
School · 0.9 mi away
Quest Academy
School · 1.0 mi away
Marion Jordan Elementary School
Elementary · 1.1 mi away
William Fremd High School
Secondary · 1.2 mi away
Community Consolidated School District 15
School · 1.2 mi away
Ccsd15
School · 1.2 mi away
Hunting Ridge Elementary School
Elementary · 1.3 mi away
Academy North
School · 1.3 mi away
Walter R Sundling Junior High School
Secondary · 1.4 mi away
A+ Day School
School · 1.5 mi away
St Coletta School
School · 1.6 mi away
Winston Campus Junior High School
Secondary · 1.6 mi away
Palatine Community Consolidated Winston Campus
Elementary · 1.6 mi away
South Campus
Elementary · 1.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 852 E Plate Drive, Palatine, IL | $465,000 | 4 | 3 | 1,873 |
| 315 E Reseda Parkway, Palatine, IL | $599,900 | 5 | 3 | 2,700 |
| 47 W King Henry Court, Palatine, IL | $599,900 | 4 | 3 | 2,061 |
| 902 N ROHLWING Road, Palatine, IL | $639,900 | 5 | 3 | 2,991 |
| 1173 N Clearwater Court, Palatine, IL | $665,000 | 4 | 3 | 3,500 |
| 1379 W Deer Court, Palatine, IL | $695,000 | 4 | 3 | 2,560 |
Moving Cost Estimate
EXIT Agents in Palatine
Listing Courtesy: eXp Realty - (847) 331-9828
Last Updated: 2026-06-10