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    21763 N Deerpath Rd Lake Zurich, IL 60047

    Under Contract
    For Sale
    $799,900

    Farmhouse, 2 Stories - Lake Zurich, IL

    Lot size:
    3.00 Acres
    Days on Market:
    138
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 21763 N Deerpath Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    SINGL
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    14292000110000
    Parking
    3
    Lot size
    3.00 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Architectural style
    Other

    RE/MAX Suburban (847) 438-6200 [email protected]

    Listing agent Cherie Smith Zurek (847) 438-6200 License #471003036

    Listing date Jul 29, 2025

    MLS# 12207194 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land with Two Homes

    This property in Lake Zurich, Illinois, features two homes situated on a 3-acre lot. According to a professional appraisal, the highest and best use of the property is for development into a subdivision of single-family homes. The property is zoned R5, requiring a minimum lot size of 10,000 square feet and a minimum lot width of 75 feet. An older survey suggests the potential for 7 or 8 lots, but this information is not up to date. The Village of Lake Zurich will conduct a courtesy review. One of the homes, referred to as the "Larger House," is located at 234 Deerpath Rd, while the "Smaller House" is at 232 Deerpath Rd; both are on a single pin number. The second home includes a living room (17x12), dining room (12x10), kitchen (14x7), master bedroom (14x11), and a second bedroom (13x10), along with an unfinished basement. Note that the furnace in the second home is not functional. Access to the lots would be from Rock Rose, which would need widening from 40 feet to 60 feet to accommodate curbs, gutters, and sidewalks. The property and homes are being sold "As Is".
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lake Zurich
    County
    Cook
    State
    Illinois
    Longitude
    -88.0504
    Latitude
    42.201

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    FAQs

    What type of property is this?
    Land - Three-acre property with two homes in Lake Zurich, Illinois.
    Where is this land located?
    The property is located at 21763 N Deerpath Rd Lake Zurich, IL.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - Potential for subdivision development into 7-8 single-family homes (subject to Village review and updated survey).; - Zoned R5, allowing for minimum 10,000 sq ft lots with 75' minimum lot width.; - Property includes two existing homes (234 and 232 Deerpath Rd) on one PIN.
    (847) 438-6200
    Request Owner's contact information
    21763 N Deerpath Rd Lake Zurich, IL 60047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21763 N Deerpath Rd Lake Zurich, IL 60047
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