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    Property profile & analytics

    1720 Rand Rd Palatine, IL 60074-1128

    • Residential income homes
    • 13,980 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US28-2488827
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flash Imaging Center / Photo Lab
    • Shooters Laboratory / Laboratory
    • JOM Wine & Spirits / Importer / Alcoholic Beverage Wholesaler

    Property Details for 1720 Rand Rd

    Year built
    1976
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    13,980 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    02-02-410-018
    APU
    202410018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $435,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $445,000
      Mixed-Use
      $400,000
      Hospitality
      $465,000
      Educational
      $530,000
      Residential Income
      $385,000
      Energy
      $520,000
      Income-Based Land
      $470,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0247
    Latitude
    42.141
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,515
    $13,000
    $22,686
    $35,686
    -
    $130,000
    $226,860
    $356,860

    Comparable in this City

    • Value Estimation by Request
      4,638 SF

      845 Lilly Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,638 SF
      845 Lilly Ln, Palatine, IL 60074-1297
      View Details
    • Value Estimation by Request
      4,687 SF

      826 Capri Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,687 SF
      826 Capri Dr, Palatine, IL 60074-0902
      View Details
    • Value Estimation by Request
      2,082 SF

      244 Rosalie Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,082 SF
      244 Rosalie Ln, Palatine, IL 60074-9381
      View Details
    • Value Estimation
      $315,000
      2,000 SF

      410 Palatine Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,000 SF
      410 Palatine Rd, Palatine, IL 60074-5119
      View Details
    • Value Estimation by Request
      4,638 SF

      812 Capri Dr, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,638 SF
      812 Capri Dr, Palatine, IL 60074-0922
      View Details
    • Value Estimation by Request
      4,585 SF

      809 Lilly Ln, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,585 SF
      809 Lilly Ln, Palatine, IL 60074-0907
      View Details

    Similar Nearby for Sale

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    • $1,900,000
      2.98 Acres

      Deer Park Commercial Land - $1.9M

      2.98 Acres, Prime Rand Rd Location
      20140-20152 Rand Rd Rt 12, Palatine, IL 60074
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    • $160,000
      0.39 Acres

      Residential Land Near Forest Preserve

      Wooded 0.39 acre lot zoned for single-family residential use.
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    Similar Nearby for Lease

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      Palatine Retail Space For Lease

      Prime Palatine location, 2,610 sq ft available.
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      1,510 SF

      Retail Space in Palatine Center

      Retail space available in high-profile Palatine shopping center.
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      View Details
    • $16 SF/Yr
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      Palatine Office Space Available

      4,045 square feet of office space for lease.
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      High-Image Retail/Showroom Building Available

      Retail/showroom building on a large land site with high visibility.
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    • Contact for pricing
      7,500 SF

      Retail Space in Palatine

      7,500 SF retail space available for lease.
      1150 E Dundee Rd, Palatine, IL 60074
      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      2.7k
    • Avg Time on site
      19 min
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    1720 Rand Rd
    Palatine, IL 60074-1128
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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
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