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$525,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,800 Sq. Ft.
  • 2 Car Garage
  • Updated 21 hours ago
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Ideally located in the Virginia Lake subdivision of Palatine, this expansive all brick Ranch is waiting for you and your family to enjoy 1800SF (appx) of living space. As you enter the foyer, you'll be stepping into the family room and kitchen (both recently gutted). You'll immediately notice the new kitchen upgrades with custom cabinetry, granite counters, island, stainless steel appliances, recessed lights, gorgeous wood flooring, 2 skylights, and tons of natural light! Spacious family room features a striking stone fireplace, sliding doors overlooking the huge outdoor patio, beautiful wood floors, and new recessed lighting. Adjacent to the kitchen is the dining and living room areas with hardwood floors throughout. This floorplan is perfect for casual or formal gatherings, dinners, and entertaining!! The 3 bedrooms are all generous sizes with great closet space. The primary bedroom includes a full bath with a walk-in closet! Main level laundry room, so no lugging of clothes up and down stairs! Very spacious lower level with all kinds of possibilities and expansion ideas. Walls are finished and recently painted, upgraded elec panel box, plus additional storage and utility rooms, and separate crawl space. NOTE: Additional home generator also included!!! 2 car attached garage with more storage. Large backyard waiting for your ideas. *Lot SF 12,452. *** Close to Schools, Sycamore Park, Palatine Bike trails, Shops, etc. You're only minutes from Route 53 for easy commutes!!

Full Property Details for 1040 E Grissom Dr

General

  • Price: $525,000
  • Taxes: $7,589 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12577138
  • Updated: 3/10/2026
  • Added to Site: 1 day(s) ago

Interior

  • Basement: Partially
  • Interior Features: 1st-Floor Bedroom, 1st-Floor Bath, Granite Counters
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room, Gas Starter
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Other Features: School Bus Service, Interstate Access

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Attached, Garage

Location

  • Area: Palatine
  • County: Cook
  • Township: Palatine
  • Driving Directions: RAND RD (12) TO WILLIAMS DR, SOUTH TO GRISSOM

School Information

  • School District: 15
  • Elem School District: 15
  • Midd School District: 15
  • High School District: 211
  • Elementary School: Jane Addams Elementary School
  • Middle School: Winston Campus Middle School
  • High School: Palatine High School
  • Private School: Palatine High School

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Architectural Info: Ranch
  • Architectural Style: Ranch
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished, Crawl Space, Storage Space, Full
  • Sub-Flooring: Hardwood
  • Square Feet: 1,800
  • Sq. Ft. Source: Assessor
  • Year Built: 1971
  • Built Before 1978: Yes

Lot Features

  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 74 x 179 x 66 x 31 x 134

Financial Considerations

  • Assessment Year: 1971
  • Tax Amount: $7,589
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 2123070030000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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Schools serving 1040 E Grissom Dr

School Districts:Palatine Community Consolidated School District 15, Township High School District 211
NameGradesDistance
Jane Addams Elementary School, Palatine, IL
1020 East Sayles Drive, Palatine, IL 60074
K-50.2 mi
Winston Campus Jr High School
120 North Babcock Drive, Palatine, IL 60074
6-81.1 mi
Palatine High School
1111 North Rohlwing Road, Palatine, IL 60074
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1040 E Grissom Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/10/2026
Listed
$525,000
23.53%
MLS
10/08/2025
Sold
$425,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1040 E Grissom Dr

Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,197
-13%
$30,278
-13%
2022
$8,261
63%
$34,999
62%
2021
$5,076
-1%
$21,625
—
2020
$5,132
-34%
$21,625
-21%
2019
$7,829
-17%
$27,298
-10%
2018
$9,412
2%
$30,287
—
2017
$9,234
8%
$30,287
—
2016
$8,588
6%
$30,287
15%
2015
$8,103
1%
$26,374
—
2014
$8,005
24%
$26,374
—
2013
$6,467
-19%
$26,374
-22%
2012
$7,966
—
$33,988
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1040 E Grissom Drive, Palatine, IL 60074 (MLS# 12577138) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1040 E Grissom Drive is currently listed for $525,000 and was received on March 10, 2026. This property is listed by Bernadette LaRocco from our McMullen/O'Hare Office.Want to learn more about 1040 E Grissom Drive? Do you have questions about finding other Single Family real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.

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