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$140,000
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Property Description
This is an opportunity to purchase 2 lots adjacent to each other or purchase separately. These parcels were zoned Planned Unit Development which allows for less setback between homes, allowing for larger structure footprint. This is 1 of 2 available lots which are next to each other. This parcel (1124 W. Colfax) is the undeveloped corner lot. Adjoining lot at 667 Morrison is also available for purchase. Refer to attached zoning plans.
Full Property Details
Full Property Details for 1124 W Colfax St
General
- Price: $140,000
- Taxes: $1,347 (2023)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12328399
- Updated: 4/10/2025
- Added to Site: 289 day(s) ago
Additional Information
- Other Features: School Bus Service
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Northwest Highway to Colfax. Colfax to property located at Colfax and Morrison. The Colfax property is the corner lot.
- Location Details: Corner
School Information
- School District: 15
- Elem School District: 15
- Midd School District: 15
- High School District: 211
- High School: Palatine High School
- Private School: Palatine High School
Utilities
- Water: Municipal Water
- Onsite: Electricity Available, Natural Gas Available, Sewer Nearby
Structural Information
- Square Feet: 0.27
Lot Features
- Lot Size (Acres): 0.27
- Lot Size (Sq. Ft.): 11,857
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 147 x 81 x 148 x 81
- Frontage: City Street
- Frontage Feet: 147
- Street/Road Desc.: Asphalt
- Zoning: SINGL
Financial Considerations
- Tax Amount: $1,347
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 2162020460000
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Schools
Schools serving 1124 W Colfax St
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Gray M Sanborn Elementary School 101 North Oak Street, Palatine, IL 60067 | K-5 | 1.8 mi |
Walter R Sundling Jr High School 1100 North Smith Street, Palatine, IL 60067 | 6-8 | 1.1 mi |
Palatine High School 1111 North Rohlwing Road, Palatine, IL 60074 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1124 W Colfax St
Date
Details
Price
Change
Source
4/03/2025
Listed
$140,000
—
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 1124 W Colfax St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,229
3%
$4,150
—
2022
$1,189
-12%
$4,150
—
2021
$1,348
2%
$4,150
—
2020
$1,328
12%
$4,150
—
2019
$1,190
-1%
$4,150
8%
2018
$1,197
2%
$3,853
—
2017
$1,175
8%
$3,853
—
2016
$1,093
—
$3,853
8%
2015
$1,093
1%
$3,557
—
2014
$1,080
3%
$3,557
—
2013
$1,052
-67%
$3,557
-70%
2012
$3,179
—
$11,858
—
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 1124 W Colfax St
1124 W Colfax Street, Palatine, IL 60067 (MLS# 12328399) is a Lots/Land property with a lot size of 0.27 acres. 1124 W Colfax Street is currently listed for $140,000 and was received on April 03, 2025. Want to learn more about 1124 W Colfax 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.

