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    245 S Park Ln, Unit 122 Palatine, IL 60074

    For Sale
    $220,000

    First floor unit with community pool access and indoor parking.

    Property size:
    1,200 SF

    Property Features for 245 S Park Ln

    General Information

    Size
    1,200 SF

    Building Details

    Year built
    1978

    Source: KW Thrive Agent Susan Wolfgarth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Willow Creek First Floor Unit

    This Willow Creek property features a first-floor unit with a view and sidewalk access to the community pool and recreation center. Twin Lakes Recreation Park is located nearby to the east. The unit includes two bedrooms and two full baths. The kitchen has been updated, and all appliances are included. A single indoor parking space is provided, along with additional outdoor parking available in the lot north of the front entrance. The property also includes one storage unit. The property size is 1200 square feet and is being sold as is.
    Location Intelligence

    Current Use by Public Records

    Alone at Home Pet ... Pet Sitter West.com Crazy Horse Business Center Pentinforrest Inc. Marketing Consultant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0224086
    Latitude
    42.1054016

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    FAQs

    What type of property is this?
    Apartment building - First floor unit with community pool access and indoor parking.
    Where is this apartment building located?
    The property is located at 245 S Park Ln, Unit 122 Palatine, IL.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - First-floor unit with convenient access to community pool and recreation center.; - Includes one-car indoor parking space and additional outdoor parking.; - Two bedrooms and two full bathrooms.
    Request Owner's contact information
    245 S Park Ln, Unit 122 Palatine, IL 60074
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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
    245 S Park Ln, Unit 122 Palatine, IL 60074
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