245 Park Ln
Palatine, IL 60074
2 bd 2 ba 1,100 sqft Built 1979 condos
Most recent sale
$151,000
Aug 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 30, 2022 | Sold | $151,000 | MLS #11460035 |
| Jul 10, 2022 | Listed | $130,000 | MLS #11460035 |
| Mar 29, 2022 | Listing removed | $133,000 | MRED |
| Jun 1, 1986 | Sold | $59,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $13,751 | $1,057 | $14,808 | $4,456 |
| 2022 | $13,751 | $1,057 | $14,808 | $2,541 |
| 2021 | $10,215 | $660 | $10,875 | $665 |
| 2020 | $10,215 | $660 | $10,875 | $609 |
| 2019 | $11,490 | $660 | $12,150 | $605 |
| 2018 | $8,429 | $594 | $9,023 | $663 |
| 2017 | $8,429 | $594 | $9,023 | $696 |
| 2016 | $8,429 | $594 | $9,023 | $1,265 |
| 2015 | $8,444 | $528 | $8,972 | $1,441 |
| 2014 | $8,444 | $528 | $8,972 | $1,456 |
| 2013 | $8,444 | $528 | $8,972 | $1,387 |
| 2012 | $9,191 | $627 | $9,818 | $1,560 |
| 2011 | $9,191 | $627 | $9,818 | $1,731 |
| 2010 | $10,924 | $627 | $11,551 | $2,251 |
| 2009 | $14,062 | $958 | $15,020 | $1,280 |
| 2008 | $14,279 | $1,532 | $15,811 | $1,327 |
| 2007 | $14,279 | $1,532 | $15,811 | $1,441 |
| 2006 | $13,169 | $1,374 | $14,543 | $1,628 |
Property facts
Year built
1979
Property type
condos
Stories
4
Beds
2
Baths
2
Living area
1,100 sqft
Lot size
—
ZIP code
60074
City
Palatine
Street
Park Ln
Coordinates
42.10564, -88.02245
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$906
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 245 Park Ln last sell?
245 Park Ln most recently sold on Aug 30, 2022 for $151,000.
What is the current tax assessment for 245 Park Ln?
The most recent total assessment for 245 Park Ln (year 2023) is $14,808 with $4,456 in property tax.
How does 245 Park Ln's assessment compare to its last sale price?
The current assessment is 90.2% below the last sale price of $151,000.
When was 245 Park Ln built?
245 Park Ln was built in 1979.
How does 245 Park Ln compare to others on Park Ln?
We track 8 other properties on Park Ln. Browse the list under "Other properties on Park Ln" to compare beds, baths, and sale history.
What are the property facts for 245 Park Ln?
245 Park Ln is a 2 bed, 2 bath, 1,100 sqft condos.
Is 245 Park Ln a flip candidate?
No — 245 Park Ln does not appear in our flips dataset.
Is 245 Park Ln a tax-appeal candidate?
No — 245 Park Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.3%
Implied 1-yr
+1.1%
2026 Q3
$329K
2026 Q4
$329.8K
ZIP 60074 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Park Ln