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$196,000
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Property Description
Welcome to this spacious 2-bedroom, 2-bathroom condo located on the 3rd floor of a desirable community-offering both convenience and tremendous upside for the right buyer. Step inside and you'll find a well-designed layout with generous room sizes, an open living/dining area, and a private balcony overlooking the clubhouse and pool-perfect for morning coffee or winding down after a long day. While the home is in need of TLC, it presents a fantastic opportunity to build instant equity. Bring your vision and creativity-cosmetic updates will transform this condo into something truly stunning. Additional highlights include: Primary bedroom with ensuite bath,Plenty of closet space,Elevator building,Assigned parking + guest parking,Pool, clubhouse, and well-maintained community amenities Situated in an unbeatable location-just minutes from shopping, dining, Metra access, and only 4 minutes from the upcoming Chicago Bears stadium in Arlington Heights-this is a rare find for investors, first-time buyers, or anyone looking to customize a home to fit their style. Don't miss the chance to make this condo your own and capitalize on the exciting growth happening nearby!
Full Property Details
Full Property Details for 245 S Park Ln #321
General
- Sold For: $196,000
- HOA FEE: $322/month
- Taxes: $997 (2023)
- Status: Closed
- Type: Condo
- Source: MRED
- MLS ID: 12015807
- Added to Site: 65 day(s) ago
Interior
- Appliances: Dishwasher, Refrigerator, Range Hood, Gas Cooktop, Gas Oven
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Bike Room/Bike Trails, Coin Laundry, Elevator(s), Storage, Park, Party Room, Pool, Security Door Lock(s), Clubhouse
- Equipment: Ceiling Fan(s)
- Other Features: School Bus Service
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Heated Garage, Yes, Garage Owned, Attached, Garage
Location
- Area: Palatine
- County: Cook
- Subdivision: Willow Creek
- Driving Directions: Take RT 53 N to RT 14 Ramp and and head west on RT 14, Take right on Rohlwing Rd, then take right on wilmette Rd. Home is on your left
School Information
- School District: 15
- Midd School District: 15
Community
- Assoc. Fees Include: Water, Gas, Parking, Insurance, Security, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- Pets Allowed: Yes
- Pet Restrictions: Cats OK
- Mgmt. Company: Advantage Management
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Structure Type: Condo, Mid-Rise (4 to 6 Stories)
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Windows: Drapes
- Entry Floor Number: 3
- Stories/Levels: 4
- Square Feet: 1,200
- Sq. Ft. Source: Estimated
- Year Built: 1972
- Built Before 1978: Yes
Unit Information
- Units in Building: 96
Lot Features
- Lot Dimensions: COMMON
Financial Considerations
- Association Fee: $322
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1972
- Tax Amount: $997.7
- Tax Year: 2023
Disclosures and Reports
- Ownership: Condo
- Special Conditions: Probate Listing
- Property ID: 2241050251068
Listed by Keller Williams Infinity
Sold by Keller Williams Thrive
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Schools
Schools serving 245 S Park Ln #321
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Winston Campus Jr High School 120 North Babcock Drive, Palatine, IL 60074 | 6-8 | 0.4 mi |
Palatine High School 1111 North Rohlwing Road, Palatine, IL 60074 | 9-12 | 1.8 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 245 S Park Ln #321
Date
Details
Price
Change
Source
1/08/2026
Sold
$196,000
-2%
MLS
11/13/2025
Listed
$200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
245 S Park Lane #321, Palatine, IL 60074 (MLS# 12015807) is a Condo property that was sold at $196,000 on January 08, 2026. Want to learn more about 245 S Park Lane #321? Do you have questions about finding other Condo real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.

