821 E Lilly Ln, Palatine, IL 60074
Property image
Property image
OFF MARKET

821 E Lilly Ln
Palatine, IL 60074

  • 8 Beds
  • 7.5 Baths

$786,000

Trulia Estimate
as of Jul 21, 2026
Est. Refi. Payment $5,381/mo*
Refinance Your Home

$786,000

Trulia Estimate
as of Jul 21, 2026
Est. Refi. Payment $5,381/mo*
Refinance Your Home
8 Beds
7.5 Baths

Local Information

  • Map ViewExplore the area around 821 E Lilly Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Description

RARE- FULLY LEASED, ALL BRICK 3 FLAT BLD. 2 UNITS W/3 BEDROOMS & 2 BATHS AND 1 UNIT W/2 BEDROOMS & 2 BATHS. ALL 3 UNITS HAVE MASTER BATH. ALL UNITS HAVE THEIR OWN FURNACE, A/C, WASHER AND DRYER. TENANTS PAY FOR GAS HEAT & ELECTRIC SERVICE. ONSITE 4 TO 6-CAR PARKING IN THE REAR PLUS AMPLE STREET PARKING. WATER HEATERS AGE APPROX. 3 YEARS, 1-FURNANCE APPROX 5 YEARS OLD, CONVENIENT LOCATION RIGHT BY SHOPPING, RESTAURANTS AND PARKS. ACCESS TO RT 53. AWARD-WINNING SCHOOLS. LONG TIME TENNATS -BELOW MARKET RENTS .....GREAT UPSIDE TO INCREASE FUTURE PROFITS. PROPERTY BEING*** SOLD "AS IS"***.
821 E Lilly Ln, Palatine, IL 60074 is a 8 bedroom, 6 bathroom multi-family built in 1971. It last sold for $600,000 on Apr 5, 2024 (4% below the $625,000 asking price). It is currently off market. The Trulia Estimate is $786,000, with a rent estimate of $1,616/month.

Home Details for 821 E Lilly Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 18
Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 6Number of Bathrooms (full): 6Number of Bathrooms (half): 3
Heating & Cooling
Heating: Natural Gas,Forced AirHas HeatingHeating Fuel: Natural Gas
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltOther Structures: Shed(s)Exterior: OtherFoundation: Concrete Perimeter
Parking & Garage
Has a GarageNo Attached GarageParking Spaces: 4Parking: Unassigned,Off Alley,Alley Access,Parking Lot,Garage Faces Side,On Site,Owned
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1971
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: BrickNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 02013070200000Model Home Type: 3 FLAT

Price & Status

Price
List Price: $625,000
Status Change & Dates
Off Market Date: Sat Mar 16 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: Palatine
School Information
Elementary School District: 15Jr High / Middle School District: 15High School: Palatine High SchoolHigh School District: 211

Building

Building Details
Builder Model: 3 FLAT

Community

Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Lot Information

Lot Area: 5733 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 11999087

Additional Information

ParkCurbsSidewalksStreet LightsStreet PavedSource Internet Entire Listing DisplaySource Internet Address DisplayMRD REMARKSINTERNET: Yes
Last check for updates: about 10 hours ago
Listed by Michael Bischoff, (847) 392-1855
Baird & Warner
Bought with: Michael Bischoff, (847) 312-6794, Baird & Warner
Source: MRED as distributed by MLS GRID, MLS#11999087

Price History for 821 E Lilly Ln

DatePriceEventSource
04/05/2024$600,000Sold
MRED as distributed by MLS GRID #11999087
03/16/2024$625,000PendingMRED as distributed by MLS GRID #11999087
03/15/2024$625,000Listed For SaleMRED as distributed by MLS GRID #11999087

Market trends in Palatine

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$341K
$40.5KMoM
Sale-to-List Price
100.3%
0.9%MoM
Price per sq ft
$237
$7MoM
Available listings
221
41MoM
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Comparable Sales for 821 E Lilly Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3 E Slade St, Palatine, IL
2.37
Multi-Family Home
$513,500
04/13/26
3
3
-
405 E Valley Ln, Arlington Heights, IL
2.99
Multi-Family Home
$374,000
08/18/25
3
1.5
1,748
525 Lasalle Ln, Buffalo Grove, IL
3.75
Multi-Family Home
$472,500
05/12/26
3
2.5
1,586

Nearby homes

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Assigned Schools

These are the assigned schools for 821 E Lilly Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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
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  • 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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Homes for sale near 821 E Lilly Ln

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Off Market Homes Near 821 E Lilly Ln

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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