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$529,000
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Property Description
Land, location & potential! This charming bungalow sits on approximately one acre in a highly desirable area and sought-after school district. Mature trees provide privacy while still being close to shopping, downtown Palatine, Metra transportation, and Inverness Golf Club. Currently serviced by well and septic, with water and sewer available at the street, the property offers exciting possibilities for the future. Live in the existing home while exploring the potential to build an additional home or fully knock down and re-build, subject to zoning and municipal approval. A rare opportunity to own a substantial parcel in a prime location with tremendous potential! Value is in the land.
Full Property Details
Full Property Details for 1120 W Wood St
General
- Price: $529,000
- Taxes: $6,425 (2023)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12729649
- Updated: 8/18/2026
- Added to Site: 14 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Additional Information
- Other Features: School Bus Service
Parking
- Garage: Yes
- Garage Spaces: 2.5
- Total Spaces: 2
- Parking Features: Asphalt, Yes, Detached, Garage
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Palatine Rd between Quentin and Roselle; to Middleton North to Wood St West.
School Information
- School District: 15
- Elem School District: 15
- Midd School District: 15
- High School District: 211
- Elementary School: Marion Jordan Elementary School
- Middle School: Walter R Sundling Middle School
- High School: Wm Fremd High School
- Private School: Wm Fremd High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Septic Tank
- Water: Well
Structural Information
- Architectural Info: Cape Cod, Cottage
- Architectural Style: Cape Cod, Cottage
- Construction: Frame
- Exterior Const.: Frame
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Square Feet: 500
- Sq. Ft. Source: Assessor
- Year Built: 1926
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 1.03
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 44867
Financial Considerations
- Assessment Year: 1926
- Tax Amount: $6,425
- Tax Year: 2023
- Pays Sewer: Septic Tank
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany, Standard
- Property ID: 2164020080000
Listed by Suburban Life Realty, Ltd
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Schools
Schools serving 1120 W Wood St
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Marion Jordan Elementary School 100 North Harrison Avenue, Palatine, IL 60067 | K-5 | 0.2 mi |
Wm Fremd High School 1000 South Quentin Road, Palatine, IL 60067 | 9-12 | 1.4 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 1120 W Wood St
Date
Details
Price
Change
Source
8/11/2026
Listed
$529,000
—
MLS
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
Tax History for 1120 W Wood St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,425
—
$25,000
—
2023
$6,425
4%
$25,017
—
2022
$6,185
-6%
$25,017
6%
2021
$6,567
—
$23,550
—
2020
$6,542
1%
$23,550
-9%
2019
$6,455
4%
$25,937
11%
2018
$6,198
2%
$23,380
—
2017
$6,099
3%
$23,380
—
2016
$5,921
5%
$23,380
11%
2015
$5,661
1%
$21,048
—
2014
$5,609
3%
$21,048
—
2013
$5,447
—
$21,048
-8%
2012
$5,438
—
$22,779
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1120 W Wood St
1120 W Wood Street, Palatine, IL 60067 (MLS# 12729649) is a Single Family property with 1 bedroom and 1 full bathroom. 1120 W Wood Street is currently listed for $529,000 and was received on August 11, 2026. Want to learn more about 1120 W Wood Street? 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.

