Palatine Homes under $500,000

Welcome to Palatine, Illinois—a charming suburban gem nestled in Cook County, just a short drive from the bustling city of Chicago. Known for its vibrant community, rich history, and family-friendly atmosphere, Palatine offers the perfect blend of small-town charm and urban convenience. With its tree-lined streets, beautiful parks, and a variety of local shops and restaurants, this delightful town is an ideal place to call home.

For those seeking affordable housing options, Palatine boasts a fantastic selection of homes priced under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find a diverse range of properties that cater to various lifestyles and preferences. From cozy single-family homes with spacious backyards to modern townhouses with contemporary finishes, there’s something for everyone in this welcoming community.

Palatine is not only known for its affordable housing but also for its excellent schools, making it a top choice for families. With a strong commitment to education, the local school district is highly regarded, providing students with a solid foundation for their future. Additionally, the town offers numerous recreational opportunities, including parks, sports leagues, and community events, ensuring that residents can enjoy an active and engaging lifestyle.

With its convenient access to the Metra train line, commuting to downtown Chicago is a breeze, allowing residents to enjoy the best of both worlds. Embrace the charm of suburban living in Palatine, where your dream home awaits at an unbeatable price!

Newest Palatine Homes under $500,000

$349,000

2 Beds ⋅ 12774680 MLS ⋅ NEW Status

COME FINISH ME! Location, location, location! Right in the heart of Downtown Palatine, this corner-lot property is a blank canvas ready for your vision. Now it's your turn to bring it back to life! Walk to the Metra, restaurants, bars, shopping, and everything Downtown Palatine has to offer. Don't miss the beautiful newer detached two-story garage with approximately 21/2-car capacity plus an impressive upper-level loft. Investor, contractor, or creative buyer, the hard part has started. Come finish me and make me fabulous! As Is-Where Is

203 N Plum Grove Road, Palatine

$334,990

3 Beds ⋅ 2 Baths ⋅ 12778326 MLS ⋅ NEW Status

Welcome to this beautifully maintained 3-bedroom, 1.5-bath townhome in desirable Cherrybrook Village! This inviting home offers a comfortable layout with spacious living areas, a kitchen with white cabinetry, granite countertops, and stainless steel appliances, plus plenty of natural light throughout. Enjoy your own private yard and outdoor space, with the option to add fencing, creating a great setting for relaxing, entertaining, or enjoying time with your loved ones. The home also features an attached one-car garage. A low monthly HOA fee includes lawn care, common insurance. The townhouse is rentable! Conveniently located near shopping, restaurants, parks, walking and biking trails, Metra transportation, and major highways, this home offers a peaceful community setting with easy access to everyday amenities. Move-in ready and ideally located, this Cherrybrook Village townhome is ready to welcome you home!

1452 N Chelsea Avenue, Palatine

$239,000

2 Beds ⋅ 1 Baths ⋅ 12769648 MLS ⋅ NEW Status ⋅ Heritage Manor BLDG.

INVESTOR FRIENDLY COMPLEX..This is the one you've been waiting for-a truly move-in ready, investor-friendly end unit with an attached garage and actual, usable yard space! 2 bedrooms, 1 bathroom, private entrance, 2 story townhouse! Courtyard views greet you as you step into a sun-filled, refreshed interior featuring fresh paint, new LED light fixtures, and gleaming wood laminate flooring throughout with absolutely no carpets. The spacious living room flows seamlessly into the dining area and the stunning new kitchen, which boasts maple wood cabinets, stainless steel appliances, newer countertops, and a large pantry. Everyday living is a breeze with a convenient main-level washer and dryer, plus an attached garage with an additional driveway parking space. Upstairs, you will find a huge linen closet and a fully renovated full bathroom showcasing a beautiful tile surround and an upgraded vanity. The generous primary bedroom offers relaxing courtyard views and a spacious walk-in closet, while the large second bedroom also provides ample storage. Set in a well-run HOA that is highly renter-friendly and offers incredibly easy access to Route 53, this end-unit gem includes all appliances and is perfectly primed for its next owner or investor.

1193 E Barberry Lane Unit #B, Palatine

$290,000

3 Beds ⋅ 2 Baths ⋅ 12775535 MLS ⋅ NEW Status ⋅ Kingsbrooke BLDG.

Beautifully maintained, move-in-ready, 3-bedroom, 2-bath, second-floor coach home in the highly desirable, fenced Kingsbrooke community. The generously sized second and third bedrooms feature large closets. An eat-in kitchen leads to the balcony. Enjoy a large living room with a floor-to-ceiling fireplace and courtyard views. Features include up-to-date baths, a walk-in closet in the master suite, and an attached garage. Offers in-unit laundry with a full-size washer and dryer, a new water heater, and a pet-friendly policy. Fantastic location just minutes from Route 53 and Route 12, close to restaurants, shopping, expressways, and the Falcon Park Recreation Center.

866 E Carriage Lane Unit #8, Palatine

$185,000

2 Beds ⋅ 2 Baths ⋅ 12774512 MLS ⋅ NEW Status

This spacious third-floor Palatine condo features 2 bedrooms, 2 full baths, approximately 1000 sq. ft., and a versatile bonus room, perfect for an office, den, or guest space. Enjoy a large living room, dining area, stainless steel appliances, newer furnace 2024, and views of the community pool, patio, and clubhouse. Community amenities include an outdoor pool, clubhouse, and assigned parking, with convenient access to shopping, dining, schools, and major roadways. Tenant occupied through January, 2027; property is being sold subject to the existing lease. Great opportunity for a future owner-occupant or investor.

1462 Carol Court Unit #3B, Palatine

$199,900

1 Beds ⋅ 1 Baths ⋅ 12775466 MLS ⋅ PRICE CHANGE Status

Move right into this beautifully renovated 1 bedroom, 1 bathroom Condo. The thoughtfully updated kitchen features stylish, modern cabinets, upscale tile and fresh contemporary design. The entire condo has been renovated with attention to detail, creating a clean, comfortable and move in ready. Perfectly situated in a desirable community, this condo offers an ideal combination of modern updates, convenience and lifestyle. One exterior parking space, #110 included. There is plenty of additional guest parking. The building lobby has been recently updated. The association allows rentals however, the building is currently at its rental cab. Enjoy the pool and clubhouse. Storage is on the 3rd floor (3E)

950 E Wilmette Road Unit #121, Palatine

945 E Kenilworth Avenue Unit #325, Palatine

$269,900

2 Beds ⋅ 2 Baths ⋅ 12775334 MLS ⋅ NEW Status ⋅ Willow Creek BLDG.

This is a beautiful, completely remodeled 2 bedroom, 2 bath unit. Let's start with the kitchen: quartz countertops, stainless steel appliances, 5 burner stove w/ griddle, French door fridge, micro hood, 3 rack dishwasher, disposal, soft close doors & drawers, breakfast bar. Let's continue to the LR & DR w/ luxury vinyl plank flooring, crown molding, recessed LED lights & patio door to balcony overlooking golf course. Bedrooms w/ LVP flooring, central light fixtures & fans & closet organizers. Primary bedroom w/ walk-in closet. Second bath w/ tub, tile surround, quartz countertop, lighted mirror, ventilation fan & porcelain tile floor. Storage space on same floor. Laundry one floor down on 2nd floor & included in assessment. Conveniently located near downtown Palatine, Metra station, restaurants, shopping, parks, and schools. Quick access to Route 14, Route 53, and I-90. Ample non-dedicated parking spaces available. Cats allowed. No rentals allowed. Elevator building. Clubhouse and pool. Garage space can be rented through association with a short wait list. Everything has been done for you--just move right in.

945 E Kenilworth Avenue Unit #325, Palatine

$179,900

2 Beds ⋅ 1 Baths ⋅ 12775071 MLS ⋅ NEW Status

Move right into this beautifully updated 2-bedroom, 1-bath condo in a desirable Palatine community! This bright, well-maintained home features an updated kitchen with quartz countertops and stainless steel appliances, a remodeled bathroom, newer laminate flooring, and all new windows (2025). Stay comfortable year-round with two window A/C units, and enjoy your private balcony for morning coffee or evening relaxation. Includes two parking spaces and a storage locker for added convenience. Ideally located near shopping, grocery, restaurants, parks, Metra, and major highways. Don't miss this move-in-ready home-schedule your showing today!

1311 N Baldwin Court Unit #3A, Palatine

1952 N Hidden Creek Circle Unit #7, Palatine

$262,000

2 Beds ⋅ 1 Baths ⋅ 12774697 MLS ⋅ NEW Status ⋅ Hidden Creek BLDG.

Welcome to this charming and thoughtfully updated 2-bedroom, 1-bath condo in a convenient Palatine location! From the moment you step inside, you'll appreciate the bright, open layout and stylish modern finishes throughout .The beautifully renovated kitchen features crisp white cabinetry, warm wood-tone lower cabinets,quartz countertops,a decorative tile backsplash, stainless-steel appliances, and a spacious island with a unique wood-slat accent wall. The inviting living room if filled with natural light and opens to a private balcony overlooking a peaceful setting with a partial water view- an ideal spot to enjoy your morning coffee or unwind at the end of the day. Both bedrooms offer comfortable space and and abundant natural light. The updated bathroom showcases contemporary finishes, quartz-style surfaces,and elegant gold fixtures. Additional features also include a convenient laundry room, extra storage and a 1-car attached garage, additional parking,and access to excellent community amenities such as a swimming pool and playground. The pet-friendly community also offer rental opportunities, providing added flexibility for homeowners and investors; buyers should verify current rental restrictions. Enjoy a convenient location near IL-53, shopping, restaurants, retail,and everyday essentials. With its modern updates, private balcony, attached garage,and desirable community amenities,this move-in-ready condo is a wonderful opportunity in Palatine! Schedule your showing today!

1952 N Hidden Creek Circle Unit #7, Palatine

$300,000

2 Beds ⋅ 2 Baths ⋅ 12764280 MLS ⋅ NEW Status

Highly sought-after CherryBrook Village-one of the few townhome communities where you own the land. This beautiful end unit with a one car attached garage is one of the best locations in the subdivision. Step inside the updated front door to bamboo flooring in the living and dining areas. The open-concept kitchen flows seamlessly into the living room, highlighted by a fireplace with gas logs and a convenient gas starter, creating a warm and inviting space for everyday living and entertaining. Sliding doors lead to a deck off the living room, opening to nature behind this home. Outside, enjoy your deck which is perfect for relaxing, grilling or hosting guests. Upstairs you will find a loft currently being used as a bedroom with a half bath adjoined. The low monthly HOA covers lawn care and street snow removal, offering convenience without sacrificing ownership-unlike many townhome communities. Major updates provide peace of mind: New roof with a 50-year warranty including the plywood being replaced (2024). The roof warranty is transferable to the new owner. New vinyl siding in November 2016. New furnace, new air conditioner, and new water heater (July 2026) Stainless steel kitchen appliances with the dishwasher just replaced in Sept 2026. New beautiful backsplash in the kitchen. The full bathroom on the main level is updated including porcelain flooring. The owner will also leave a high-definition digital antenna for accessing free local and public TV stations with a smart TV. Perfectly located near shopping, dining, Metra, highways, forest preserves, parks, and the golf course-this home truly has it all. Floorplan and square footage on 3D tour. Welcome Home!

1540 N Broadmoor Court, Palatine

$335,000

3 Beds ⋅ 2 Baths ⋅ 12771824 MLS ⋅ NEW Status

Welcome to this beautifully maintained townhome in Cherrybrook Village, offering generous living space, a private outdoor retreat and an incredible finished basement. The main level features a bright, open layout with a spacious living room, dining area and inviting kitchen with ample cabinetry, stainless steel appliances and breakfast bar. Step outside to the large deck and private fenced yard, perfect for relaxing or entertaining. Upstairs, three comfortable bedrooms include a spacious primary suite with an impressive walk in closet, along with an updated full bath. The finished basement adds an incredible amount of usable space with a large recreation room, dry bar, ceramic tile flooring, laundry and abundant storage. Whether used as a media room, game room, home gym, office or gathering space, this level gives you room to live the way you want. Located close to downtown Palatine, the Metra, parks, trails, golf, shopping and restaurants, with convenient access to Route 53. An attached garage and private yard add even more everyday convenience. A home with this much living space and such a convenient Palatine location is not one to miss.

1554 N Dartmoor Avenue, Palatine

$365,000

3 Beds ⋅ 3 Baths ⋅ 12767553 MLS ⋅ NEW Status

A rare find in desirable Deerpath Lake! This spacious 3-bedroom townhome offers one of the larger floor plans in the community, a private backyard setting, beautiful lake views, and a heated 2-car garage with epoxy flooring and upgraded electrical for an EV charger. Step inside to a light-filled two-story interior featuring vaulted ceilings, skylights, crown molding, recessed lighting with dimmers, and built-in speakers. The bright white kitchen offers 42" cabinetry, plenty of storage, and generous workspace, while the spacious living room features a cozy gas-log fireplace and views of the picturesque backyard. Upstairs, the large primary suite includes a walk-in closet and private bath with dual sinks, a jetted tub, and a separate custom shower with dual shower heads and body sprays. Two additional nicely sized bedrooms share the hall bath. Outside, the large deck is the perfect place to relax or entertain while enjoying peaceful water views framed by mature trees. The community pool is just steps away, and the location is convenient to Deer Park shopping and dining, Route 53, and Deer Grove Forest Preserve. A wonderful combination of space, privacy, views, and location! *No homeowner exemption on the property taxes*

448 E Fawn Lane, Palatine

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