523 E Colfax St, Palatine, IL 60074
Property image
Property image
OFF MARKET

523 E Colfax St
Palatine, IL 60074

  • 2 Beds
  • 1 Bath
  • 1,064 sqft

$260,500

Trulia Estimate
as of Aug 13, 2026

$260,500

Trulia Estimate
as of Aug 13, 2026
2 Beds
1 Bath
1,064 sqft

Home Value

Trulia Estimate
$261K
Since last month
Decreased$18K (-6.4%)
Since last year
Decreased$45K (-14.8%)
Since last sale
Decreased$65K (-19.8%)
Learn more about this home's value by checking out its Trulia Estimate.

Trulia Estimate

The of this home's value increased by +33% in the last 10 years
MonthEstimated value
2026
August 2026$261K
July 2026$258K
June 2026$278K
May 2026$316K
April 2026$309K
March 2026$307K
February 2026$295K
January 2026$291K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Local Information

  • Map ViewExplore the area around 523 E Colfax St.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1956
Living Area
1,064 sqft
Price/Sqft
$245
Parking
Garage

About this House

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
523 E Colfax St, Palatine, IL 60074 is a 2 bedroom, 1 bathroom, 1,064 sqft single-family home built in 1956. It last sold for the $325,000 asking price on Jul 15, 2025. It is currently off market. The Trulia Estimate is $260,500, with a rent estimate of $2,125/month.

Home Details for 523 E Colfax St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 5Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1064 Square Feet
Appliances & Utilities
Laundry: Main Level,Gas Dryer Hookup,In Unit,In Kitchen
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
No Spa
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 1Accessibility: No Disability AccessFloors: Hardwood
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: PatioFencing: Fenced, WoodFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 1.5Number of Covered Spaces: 1.5Has a GarageNo Attached GarageHas Open ParkingParking Spaces: 5.5Parking: Asphalt,Garage Door Opener,On Site,Garage Owned,Detached,Driveway,Owned,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1956
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: BrickNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 02144000410000Model Home Type: RANCH

Price & Status

Price
List Price: $325,000
Status Change & Dates
Off Market Date: Sun May 18 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: Palatine
School Information
Elementary School: Virginia Lake Elementary SchoolElementary School District: 15Jr High / Middle School: Winston Campus Middle SchoolJr High / Middle School District: 15High School: Palatine High SchoolHigh School District: 211

Agent Information

Buyer Agent
Buyer Company Name: Helen Oliveri Real Estate

Building

Building Details
Builder Model: RANCH

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 9801 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 12362364Activation Date: Fri May 16 2025

Additional Information

Source Internet Consumer CommentSource Internet Automated Valuation DisplayMRD SHARE WITH CLIENTS: YesSource Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: about 1 hour ago
Listed by Karen Pawlak, (847) 392-1855
Baird & Warner
Bought with: Helen Oliveri, Helen Oliveri Real Estate
Source: MRED as distributed by MLS GRID, MLS#12362364

Price and Tax history

DateEventPrice
Jul 15, 2025
Source: MRED as distributed by MLS GRID #12362364
Sold
$325,000
Jul 12, 2025
Source: MRED as distributed by MLS GRID #12362364
Pending
$325,000
May 19, 2025
Source: MRED as distributed by MLS GRID #12362364
Contingent
$325,000
May 16, 2025
Source: MRED as distributed by MLS GRID #12362364
Listed For Sale
$325,000
Jun 15, 2020
Source: MRED as distributed by MLS GRID #10704497
Sold
$181,800

Market trends in Palatine

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$370K
$29.17KMoM
Sale-to-List Price
100.7%
0.4%MoM
Price per sq ft
$246
$8MoM
Available listings
219
2MoM
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Around this home

What Locals Say about Palatine

At least 542 Trulia users voted on each feature.

  • 91 % Say it's dog friendly

  • 84 % Say car is needed

  • 79 % Say parking is easy

  • 78 % Say there are sidewalks

  • 74 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 68 % Say it's quiet

  • 67 % Say people would walk alone at night

  • 63 % Say there's wildlife

  • 63 % Say streets are well-lit

  • 61 % Say yards are well-kept

  • 57 % Say it's walkable to restaurants

  • 57 % Say it's walkable to grocery stores

  • 52 % Say they plan to stay for at least 5 years

  • 51 % Say neighbors are friendly

  • 37 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kasey Egle
    "You definitely need a car to get around to most places. Some places are walkable but it is much easier to get around with a car. My commute to the city Chicago is always great and convenient using the local Palatine Metra Station."
    1
    Flag
  • Luke Fischer
    "Soccer games and walking in the park. Pickle ball under the lights. Green lawns and flowers. Downtown festivals and parades. "
    0
    Flag
  • Schaedig5
    "Lots of dogs in the neighborhood. People keep them on leashes and are always walking the sidewalks. "
    0
    Flag
  • 4h8zhsv4r2
    "Friendly neighbors and easy access to so many outdoor activities and walking paths. Golf restaurants and bars all around "
    0
    Flag
  • June Holmstrom
    "Block party, outdoor concerts, holiday parades, friendly neighbors, close to everything, excellent walkability."
    0
    Flag
  • Michael Anzalone
    "Like the forest preserve trails to walk their dog . There are a few places Togo . Also there is a mini dog Park "
    0
    Flag
  • Maryjean79
    "Lots of dog owners here and many walking paths. Most dog owners are thoughtful of other neighbors when walking their dogs "
    0
    Flag
  • Elizabeth Strong
    "Palatine has a great mix of affordable housing, including apartments, townhouses, and single-family homes. With plenty of stores, access to the highway, and multiple large forest preserves, it’s a great mix of green space and accessibility. I think our library is top-tier and there are plenty of free community activities for kids and adults. "
    0
    Flag
  • Susan S.
    "Winding streets, friendly neighbors, great schools, neighborhood Easter egg hunts , sleigh rides, and block parties! We have lived here for 25 years "
    0
    Flag
  • Everferreyra
    "Friendly family community makes it a great living place. Trails and forest preserves around the area make it a plus"
    0
    Flag
  • Kaseyegle
    "The Palatine Jaycees Festival during the 4th of July Weekend, Palatine Oktoberfest, and Town Square events. Downtown Palatine also has so many restaurants and things to enjoy."
    1
    Flag
  • Elizabeth Strong
    "Lots of people are out walking their dogs. I see people using leashes and the dogs look well-behaved"
    0
    Flag
  • Schaedig5
    "We’ve been living here for over 10 years and love that everything is so close. Safe community with great neighbors. "
    0
    Flag
  • Julia Eltringham
    "Very drivable and public transportation is available, if needed. I drive about twenty minutes to get to work"
    0
    Flag
  • Trulia User
    "I've lived in this neighborhood for 7 months and it's quite peaceful and quiet out here and it's got good proximity to marketplaces like Walmart, gas stations, schools. "
    0
    Flag
  • Jairo M.
    "Depending on where you live you may be limited to the dog. But Dog’s are welcomed and you must look after them. And The city requires you to register your dogs with a small fee. "
    8
    Flag
  • Robards3314
    "There are a lot of parks. Many people have dogs, and you se dogs around everywhere. Our neighborhood is definitely dog friendly."
    5
    Flag
  • Unjomm
    "Fireworks! Carnival! Bike show! Fresh food farm market! Easter Egg Hunting at local churches!!! Petting zoo at churches is fun! Flea market is fun too!!!!!! "
    2
    Flag
  • Unjomm
    "4th of july fireworks at the palatine park district! Carnivals for children!!! Farmer market! Bike show"
    1
    Flag
  • Haley H.
    "Everyone has dogs and everyone is friendly and says hi to each other when passing. Sjshshdjdksb sjskcksjah "
    0
    Flag
  • Laismamao
    "I see people walking their dogs all the time and dogs seem welcome in the neighborhood. There are parks around too "
    0
    Flag
  • Agjames
    "I lived here for two years. No problems at all. Decent people and Very diverse. I always felt safe no matter what time of the day. "
    0
    Flag
  • Haley H.
    "There is a farmers market on Saturday mornings and street fest in August with bands and Oktoberfest in September"
    1
    Flag
  • Jacob P.
    "Very safe, friendly families, close to main transportation and excellent schools. Highly recommend this community "
    0
    Flag
  • Patrycefenty
    "I drive my car, there are no buses around. the train station is about 15 minutes from me. There are Also no sidewalks to walk along, but there is a forest preserve near by. "
    1
    Flag
  • Rita D.
    "Everyone is friendly. Great place to raise children. There are a lot things to do in Palatine. Great parks for children and downtown Palatine is beautiful."
    0
    Flag
  • Rita D.
    "I’ve lived in Palatine for 20 years and feel safe. The neighbors are friendly and helpful and an all in all great neighborhood and great area to raise your children."
    0
    Flag
  • Tattoonams
    "I love palatine. It’s a great place to live close to train stations buses and most major stores and banks. As well as easy access to highways "
    0
    Flag
  • Rosaura8
    "Friendly and convenient and have lived here 20 years. Close proximity to major highways and stores. Close to my employer office."
    0
    Flag
  • Bacik_20
    "Taxes are outrageous, people aren’t friendly, weather is garbage, hopefully moving soon! Too many people live here as well. "
    9
    Flag
  • Rita C.
    "I think Palatine is unique in a way because it has a nice neighborhood feel to it. even walking down the street people say hi when they walk by. its cozy and comfortable and everyone is friendly. I love living here."
    0
    Flag
  • Kavita
    "This is very peaceful neighborhood with all easy approach stores parks restaurants and well maintained surroundings "
    0
    Flag
  • Gypsylee B.
    "There are plenty of things. There are neighborhood festivals. There are plenty of family owned restaurants too."
    0
    Flag
  • Kat S.
    "Don’t know public transport. Traffic sucks because of all the IL and US major roads which means they’re terribly plowed because they’re controlled my IDOT. Couple of intersections have frequent accidents. "
    2
    Flag
  • Vinodan_4
    "Schools are decent. I work nearby so commute is easy. traffic does not get too congested. In all good quiet place. "
    0
    Flag
  • Matthew H.
    "Great area to raise a family. It has always feels like Hometown, USA. I would recommend to anyone moving in the area."
    0
    Flag
  • Rupali M.
    "No interaction with neighbors and no social interaction within the society, specially the Parkside where we live."
    0
    Flag
  • Anthony P.
    "There are many families that live in the surrounding condominiuns. There are always people walking their dogs and going to the nearby "dog park" (converted tennis court)."
    0
    Flag
  • Michael K. C.
    "I drive to Waukegan every day and it’s pretty congested most days, I get stuck in traffic almost every day "
    0
    Flag
  • Maryjean79
    "I commute to another suburb. 20 minute drive. Close to major highways. You can take commuter train to downtown Chicago. "
    1
    Flag

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Explore by feature - Pet Friendly

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Homes for sale near 523 E Colfax St

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Off Market Homes Near 523 E Colfax St

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Frequently asked questions about 523 E Colfax St

  • What is 523 E Colfax St estimated to be worth?
    Trulia's estimated value for 523 E Colfax St in Palatine, IL is $260,500.
  • What is the price history for 523 E Colfax St?
    523 E Colfax St in Palatine, IL last sold for $325,000 in July 2025.
  • Is Palatine a buyer's or seller's market?
    Palatine is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Palatine?
    The median sale price in Palatine is $370K. That is up $29.17K from the prior month.
  • Does 523 E Colfax St have air conditioning?
    Yes, 523 E Colfax St in Palatine, IL has air conditioning.
  • Does 523 E Colfax St have laundry facilities?
    Yes, 523 E Colfax St in Palatine, IL has laundry facilities.
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information