This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/40
$529,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/40
Property Description
Land, location & potential! This is a 1.03 acre lot 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: Lots/Land
- Source: MRED
- MLS ID: 12730705
- Updated: 8/12/2026
- Added to Site: 2 day(s) ago
Interior
- Basement: Crawl Spac
Additional Information
- Other Features: School Bus Service
Parking
- Parking Features: Asphalt
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
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Septic Tank
- Water: Well
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Basement: Yes
- Basement Desc.: Crawl Space
- Square Feet: 1.03
- Current Bldg. Use: Single Family
Lot Features
- Lot Size (Acres): 1.03
- Lot Size (Sq. Ft.): 44,867
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 150.9 x 229.9
- Frontage: City Street
- Frontage Feet: 150.9
- Street/Road Desc.: Asphalt
- Zoning: SINGL
Financial Considerations
- Tax Amount: $6,425
- Tax Year: 2023
- Pays Sewer: Septic Tank
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Standard
- Property ID: 2164020080000
Listed by Suburban Life Realty, Ltd
Get Pre-Approved Today
Get a Great Insurance Rate
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
8/12/2026
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# 12730705) is a Lots/Land property with a lot size of 1.03 acres. 1120 W Wood Street is currently listed for $529,000 and was received on August 12, 2026. Want to learn more about 1120 W Wood Street? Do you have questions about finding other Lots/Land real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.

