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$649,900 Just Listed
Property Description
Rare Palatine Opportunity - Nearly an Acre with a Second Unit! This property is truly unique; the main house offers a spacious layout with its own large kitchen, bathroom, and living areas. Attached is an extended section featuring a separate kitchen and bathroom. Additionally, there's a second Unit that is licensed via Village of Palatine on-site ready to be rented out. You can live in the main house and rent a second house . Perfect for business or investment. Steps from vibrant downtown Palatine and served by highly rated schools, this exceptional property sits on nearly an acre lot with a fully independent, freestanding second unit. The main residence offers 3 bedrooms, full basement plus a dedicated office and approximately 2,800 sq ft of thoughtfully updated living space. The renovated kitchen shines with quartz countertops, stainless steel appliances, and generous cabinetry, while spacious bedrooms provide room to grow. An attached in-law addition provides a private bedroom and full bath - ideal for extended family or multigenerational living. Major updates throughout include new siding, new HVAC system, newer flooring, and an updated basement - truly move-in ready. The freestanding second unit - approximately 900 sq ft - is equally well-appointed with its own new HVAC system, new flooring, newer washer and dryer, and many additional updates. Total parking space is for at least 5 cars. A private garage and separate laundry make it completely self-sufficient. Live in one, rent the other - or maximize returns by leasing both. The possibilities are as expansive as the lot itself.
Full Property Details
Full Property Details for 43 S Cedar St
General
- Price: $649,900
- Taxes: $16,282 (2023)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12674837
- Updated: 6/11/2026
- Added to Site: 6 day(s) ago
Interior
- Basement: Finished, P
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Palatine Rd E of Smith to Cedar. S on Cedar to property.
School Information
- School District: 15
- Elem School District: 15
- Midd School District: 15
- High School District: 211
- Elementary School: Stuart R Paddock Elementary Scho
- Middle School: Plum Grove 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, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding, Frame
- Exterior Const.: Vinyl Siding, Frame
- Basement: Yes
- Basement Desc.: Finished, Partially Finished, Full
- Square Feet: 3,700
- Sq. Ft. Source: Estimated
- Year Built: 1949
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.913
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 145 x 330
Financial Considerations
- Assessment Year: 1949
- Tax Amount: $16,282
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 2222010640000
Listed by eXp Realty
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Schools
Schools serving 43 S Cedar St
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
| Name | Grades | Distance |
|---|---|---|
Stuart R Paddock School 225 West Washington Street, Palatine, IL 60067 | K-5 | 0.2 mi |
Plum Grove Jr High School 2600 Plum Grove Road, Rolling Meadows, IL 60008 | 6-8 | 1.8 mi |
Wm Fremd High School 1000 South Quentin Road, Palatine, IL 60067 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 43 S Cedar St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,282
—
$54,530
-1%
2023
$16,282
3%
$54,999
—
2022
$15,752
27%
$54,999
44%
2021
$12,374
2%
$38,100
—
2020
$12,189
—
$38,100
-10%
2019
$12,168
-6%
$42,429
2%
2018
$12,880
2%
$41,446
—
2017
$12,637
8%
$41,446
—
2016
$11,752
7%
$41,446
16%
2015
$10,966
1%
$35,692
—
2014
$10,833
3%
$35,692
—
2013
$10,556
-2%
$35,692
-11%
2012
$10,724
—
$39,999
—
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 43 S Cedar St
43 S Cedar Street, Palatine, IL 60067 (MLS# 12674837) is a Single Family property with 5 bedrooms and 3 full bathrooms. 43 S Cedar Street is currently listed for $649,900 and was received on June 10, 2026. Want to learn more about 43 S Cedar 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.
