523 Colfax Street, Palatine, Illinois 60074
$325,000
|  Sold | |
| Status: | Closed | 
| Sqft: | 1,064 | 
| Cost/Sqft: | $305 | 
| Beds: | 2 | 
| Baths: | 1 | 
| Year Built: | 1956 | 
| Property Taxes: | $5,236 | 
| Days On Market: | 168 | 
| Lot Size: | 0,22 | 
Description
Welcome to this sunny and inviting 2-bedroom, 1-bath ranch, nestled in the heart of Palatine's beloved Arthur T. McIntosh & Co.'s Fair Grounds Park-a quiet, tree-lined neighborhood steeped in history and community charm. This beautifully maintained home offers the ease of single-level living, combining timeless character with smart, modern updates. Step inside to discover a freshly painted interior, a bright and open layout, and gleaming hardwood floors throughout the living room and bedrooms. The eat-in kitchen features luxury vinyl flooring, stainless steel appliances-including a Kenmore refrigerator, Maytag dishwasher, General Electric Gas Range, and LG front-loading washer and dryer-and a high-end Delta touch-sensor faucet for added convenience. Enjoy outdoor living in the spacious, fully fenced backyard-perfect for entertaining, gardening, or relaxing in privacy. A 1.5-car detached garage offers additional storage and parking flexibility. The large lot also provides room for future expansion. Whether you're a first-time homebuyer, downsizing, or seeking a smart investment, this property offers rare value in one of Palatine's most desirable and walkable neighborhoods-just minutes from parks, shopping, dining, and transportation. Key Features: 2 Bedrooms, 1 Full Bath Stainless Steel Appliances: Kenmore Refrigerator, Maytag Dishwasher, LG Washer & Dryer Delta Touch-Sensor Kitchen Faucet Hardwood Floors in Bedrooms & Living Room Luxury Vinyl Flooring in Kitchen Freshly Painted Interior 1.5-Car Detached
Property Specifics
| Single Family | |
| — | |
| — | |
| 1956 | |
| — | |
| RANCH | |
| No | |
| 0.22 | 
| Cook | |
| — | |
| — / Not Applicable | |
| — | |
| — | |
| — | |
| 12362364 | |
| 02144000410000 | 
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
| Grade School Virginia Lake Elementary School | 15 | — | |
| Middle School Winston Campus Middle School | 15 | Not in DB | |
| High School Palatine High School | 211 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: | 
|---|---|---|---|
| 15 Jun, 2020 | Sold | $181,800 | MRED MLS | 
| 6 May, 2020 | Under contract | $179,900 | MRED MLS | 
| 2 May, 2020 | Listed for sale | $179,900 | MRED MLS | 
| 15 Jul, 2025 | Sold | $325,000 | MRED MLS | 
| 18 May, 2025 | Under contract | $325,000 | MRED MLS | 
| 16 May, 2025 | Listed for sale | $325,000 | MRED MLS | 
 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                 
                                    Room Specifics
Total Bedrooms: 2
Bedrooms Above Ground: 2
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Full Bathrooms: 1
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 1.5 | |
| — | |
| — | |
| — | |
| — | |
| 69.5 X 138 X 69.3 X 138 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — | 
Tax History
| Year | Property Taxes | 
|---|---|
| 2020 | $5,021 | 
| 2025 | $5,236 | 
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Listing Provided By
Baird & Warner


 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                                 
                                             
                 
                 
                 
                 
                 
                 
                 
                